Myer plunges to $476m loss, suspends dividend after $515m write-downs
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- Category : Customer Service
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Myer is cutting prices and boosting service in an attempt to win back its traditional customers after plunging to a $476.2 million first-half loss and suspending its dividend. Myer slashed the value of goodwill and brand names by $515 million in the six months ended January 27, and booked $13.7 million in …