As the economy starts to improve, most of the discretionary retailers are picking up too. But not all of them - yesterday department store Myer announced a 30pc drop in profit, sending its share price down 25pc. So what's gone wrong for Myer, and why are other retailers surging when it's going backwards?

Sean Aylmer is joined by Roger Montgomery, founder and Chief Investment Officer at Montgomery Investment Management.

This is general information only. Seek advice before making investment decisions.

Fear & Greed Q+A: Join Sean Aylmer & Michael Thompson and the team as they answer questions on business, investing, economics, politics and more. If you have your own question, get in touch via our website, LinkedIn, Instagram or Facebook.

Join our free daily newsletter here.

As the economy starts to improve, most of the discretionary retailers are picking up too. But not all of them - yesterday department store Myer announced a 30pc drop in profit, sending its share price down 25pc. So what's gone wrong for Myer, and why are other retailers surging when it's going backwards? Sean Aylmer is joined by Roger Montgomery, founder and Chief Investment Officer at Montgomery Investment Management. This is general information only. Seek advice before making investment decisions. Fear &amp; Greed Q+A: Join Sean Aylmer &amp; Michael Thompson and the team as they answer questions on business, investing, economics, politics and more. If you have your own question, get in touch via our&nbsp;<a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1759060467326980&amp;usg=AOvVaw3LQqCddDlqkmPxO4pX9K39">website</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1759060467326980&amp;usg=AOvVaw3s1mvWxu1reC5vnJ0qa5LB">LinkedIn</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1759060467326980&amp;usg=AOvVaw0DWPmYMwl2jB-cwYdm4Vsp">Instagram</a>&nbsp;or&nbsp;<a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1759060467326980&amp;usg=AOvVaw2Ns3hAUUuQhvn6JEtwuMEs">Facebook</a>. Join our<a href="https://www.google.com/url?q=https://fearandgreed.com.au/newsletter-signup&amp;sa=D&amp;source=calendar&amp;ust=1759060467326980&amp;usg=AOvVaw3ObFve3dgTT7jvZlW8-NAu">&nbsp;free daily newsletter here</a>.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Q+A: What went wrong at Myer

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/4d13e4bb-afc6-431c-b31c-b36100c3fea3/transcript

Advertisement