not looking good retail sales out today lower than expected.
http://www.abc.net.au/news/2018-03-06/retail-sales-january-208/9517544
https://www.businessinsider.com.au/australia-retail-sales-january-2018-3
looking for it to retest 40c
what goes up must come down the temptation to take profits is real.
already rallied over 10% in a few days
a few issues from where i see myr atm:
dont think it will go fully online like country road.
might be good for the bottom line but that wouldnt go down to well with consumers and in the sht term not having a shop front presence would hand mkt share to DJS plus breaking the rental contracts or renegotiating them would cost a bit of coin and or risk litigation
if sales keep declining i envisage t/o subject to accc store closures and cost cutting/staff numbers reduced
either way more presure on the sp
sucker rally
pt33c
