Myer discounts chance of a rise in spending

MYER shareholders will have to wait until at least 2013 for a rebound in consumer confidence to flow through to fatter profits after the department store warned yesterday the malaise gripping retailers would drag earnings down as much as 10 per cent this year.

Source: http://www.brisbanetimes.com.au/business/myer-discounts-chance-of-a-rise-in-spending-20110915-1kbxh.html

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