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Myer's been discounting stock but spending still weak

MYER STOCK
A Myer store in Melbourne (AAP) Source: AAP / Jay Kogler

Myer is discounting stock as weak consumer spending continues to weigh on retail.


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By Ricardo Gonçalves

Source: SBS News


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Myer is discounting stock as weak consumer spending continues to weigh on retail.


Listen to Australian and world news and follow trending topics with SBS News Podcasts.

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.


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