Business
‘Not happy John’: Solly Lew eviscerates Myer’s board and boss – Sydney Morning Herald
It’s game on as Solomon Lew’s anti-Myer campaign awakens from its year-long hibernation and rages into battle again.
The earnings result was always going to be difficult to predict, but to the extent that the market did have expectations, Myer fell well short of them, explaining its precipitous share price fall on Thursday.
Indeed, it raises the question of why Myer did not provide any earnings update when it released a statement in August about the renegotiation of its banking facilities.
Instead, Myer used the release of its full-year results to talk up its digital sales credentials.
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