Myer crashes to post-float lows as retail reels

David Llewellyn-Smith

Tuesday, 30 May 2017

Discretionary retail is increasingly a mess. Staples are holding so far:

The ASX200 Retailer’s Index captures the spirit:

The imminent launch of Amazon is certainly playing its part, via FT LEX:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.