Myer's uncertain future
The AFR reported on Myer's share price rebound driven by the retailer's latest result and strategy reset. However, it remains near impossible to find an analyst with a positive view of the stock. One analyst group said that while Myer's latest results have met "muted expectations" and the revealed financing package provides the business with a stable funding platform. But, they added "we've heard the exclusive brand strategy before; products have not resonated sufficiently with customers in previous attempts. The product doesn't seem any more compelling now."