The march to online shopping is leaving Myer struggling to adjust to a new competitive landscape.
No-moat-rated Myer has appointed a new CEO and managing director, just over two months after the departure of former head Richard Umbers. The announcement is positive, as it puts to an end the search for a new leader. However, one of the key uncertainties overhanging the share price remains the future strategy of the company, including its merits and any costs associated with its implementation. Until a new path is chosen, we expect management to continue focusing on competitive product pricing ...Myer Holdings is a department store group, with more than 60 stores across Australia. Co. also owns Australian womenswear designer brand, sass & bide.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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