Myer Holdings Limited’s (ASX:MYR) CEO Bernie Brooks reckons the retails market’s not getting any better, for at least six months.
He also said consumers are being “bludgeoned” by carbon and flood reconstruction taxes and our government isn’t helping consumer woes.
He took a further stab at Australia’s politicians - News Ltd reports said he told the World Retail Congress in Berlin that it’s currently “getting very hard to get definite action a leadership”.
Meanwhile, the retailer’s shares dropped to an all-time low this week of $2.
Myer Holdings Limited (ASX:MYR) posted a net profit of $159.6 million for the 2011 financial year.
