The Myer part on CML must be like a bull being attacked by many toreadors gradually weakening the beast.Franchises like Harvey Norman,chains like Bunnings and other fitter,nimbler outfits are sucking the blood out of the 'departments'.In the big shopping centres,boutique specialist shops compete directly with the Myer inhouse departments.I can't see them winning against such an onslaught.Will the big shopping centre owners miss them or will they take an equity position?Will they die like the dinosaurs?
CML Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
