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MYER HOLDINGS


Sector: Retail

Industry: Department store

Myer is Australia’s largest department store chain. The company is an old school bricks and mortar retailer with over 60 stores across Australia, mostly in prime locations. It does however have a growing but relatively small online presence. Myer sells a wide range of goods across 11 categories: womenswear; menswear; youth; childrenswear; intimate apparel; beauty, fragrance and cosmetics; homewares; electrical goods; toys; footwear, handbags and accessories; and general merchandise.

WHY IT'S WORTH WATCHING

This iconic Australian retailer’s shares are trading at around 10% of the price it was floated in 2006. Despite structural headwinds against bricks and mortar retailers from the growth in lower cost online competitors, we are not ready to say that department stores are dead. Embracing a scaled down store footprint, growing online presence, changing the product range and improving the value proposition for customers provides scope for improvement. If Myer can overcome its stretched financials and successfully evolve its business model under new management it can still have a future in the new world of retailing. And if there is a future, there could be big money to be made.

 

**FY21 Forecast

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  • Radar Rating Unlock
  • Market Cap ($m)* 361.4
  • Dividend Yield (%)* 0
  • NET CASH ($M) 201
  • * Data as of 30 July 2021

Latest Research Summary

MYER HOLDINGS: RESEARCH TIP UPDATE - JULY 2021
15 Jul, 2021

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Previous Research

Research Date Radar Rating  
MYER HOLDINGS: RESEARCH TIP UPDATE - JULY 2021 15 Jul, 2021 98181808 View Research
MYER HOLDINGS: RESEARCH TIP UPDATES - March 2021 11 Mar, 2021 4972f38f View Research
MYER HOLDINGS: RESEARCH TIP UPDATES - SEPTEMBER 2020 24 Sep, 2020 faa5ccea View Research
MYER: RESEARCH TIP UPDATE - AUGUST 2020 13 Aug, 2020 acf8b8f5 View Research
MYER HOLDINGS: RESEARCH TIP UPDATE - MAY 2020 21 May, 2020 8ce23c01 View Research
MYER HOLDINGS: RESEARCH TIP UPDATE - APRIL 2020 02 Apr, 2020 ec63ae58 View Research
MYER HOLDINGS: RESEARCH TIP UPDATE - FEBRUARY 2020 20 Feb, 2020 2d7b9377 View Research
MYER HOLDINGS: RESEARCH TIP UPDATE - DECEMBER 2019 19 Dec, 2019 0460ef76 View Research
MYER HOLDINGS: RESEARCH TIP UPDATE - OCTOBER 2019 03 Oct, 2019 509606f2 View Research
MYER HOLDINGS: RESEARCH TIP UPDATES - MARCH 2019 20 Mar, 2019 c6b022b9 View Research
MYER HOLDINGS: RESEARCH TIP UPDATES - FEBRUARY 2019 06 Feb, 2019 5e73c150 View Research
MYER HOLDINGS: RESEARCH TIP - OCTOBER 2018 24 Oct, 2018 55d6ec39 View Research