Myer consultant reviews strategy

Company News


Myer Holdings Limited (ASX:MYR) is working with worldwide consulting giant Bain and Co to review its corporate strategy, according to media reports.
 
Myer chairman Paul McClintock reportedly says Bain was retained six months ago to benchmark the retailer's strategy against its global rivals.
 
Specifically Myer tasked the group with investigating whether its five pillars strategy was appropriate given the constantly changing retail environment. 
 
The review comes as Myer’s search to replace long-time chief executive Bernie Brookes intensifies
 
Myer Holdings generated a full year net profit of $130 million in fiscal 2013.

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