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Myer's been discounting stock but spending still weak
Published 3 weeks, 2 days ago
Description
Myer is discounting stock as weak consumer spending continues to weigh on retail.
Myer has warned consumer spending remains weak as it discounts stock, but what does that tell us about the health of Australian households and retailers? Ricardo Gonçalves hosts SBS On the Money and speaks with Nick Schoenmaker from Portfolio Construction Partners about the retail outlook, the Australian sharemarket and the latest investor enthusiasm around AI.
Myer has warned consumer spending remains weak as it discounts stock, but what does that tell us about the health of Australian households and retailers? Ricardo Gonçalves hosts SBS On the Money and speaks with Nick Schoenmaker from Portfolio Construction Partners about the retail outlook, the Australian sharemarket and the latest investor enthusiasm around AI.