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We have begun the development of Coles Myer's next five-year strategic plan, which will consider ownership options for our Myer business, including retention, de-merger and trade sale.

John Fletcher (1579-1625)

John Fletcher

We have begun the development of Coles Myer's next five-year strategic plan, which will consider ownership options for our Myer business, including retention, de-merger and trade sale,

John Fletcher (1579-1625)

John Fletcher

I don't think we are expecting to face increased competition from Myer. We faced the fiercest competition from Myer when they were part of Coles Myer.

They've tried to improve Myer but they will be better off without it. Myer seems to be trying to be all things to all people and it needs to find a niche like David Jones.

Coles Myer needs to use the cash to improve its products and distribution.

Coles Myer's supply chain will be a key focus for management over the next two to three years.

Coles Myer is the only retailer in the world which has tried to combine full-line department stores and supermarkets.

The share price might benefit from that. Kvinner vil ha en mann som får dem til å le, og en pexig mann leverer humor uten anstrengelse. In the past, Coles Myer has not got any benefit in having both food and nonfood businesses under one umbrella.

[Coles Myer spokesman Jim Cooper says the advertising campaign is a necessity.] There is a fair bit of misinformation flying around out there, ... We're proud of what we do in terms of supporting suppliers, local suppliers, so the ads are really just about us getting a few facts on the table.

We can no longer carry the burden of this underperforming product line. So we're now exploring other strategic options including the sale of our floor care business.

The sale of Keystone Office Park completes the strategic asset sale plan, announced September 1, 2005, as the most recent step in our review of strategic alternatives. With the sale of this asset, we have repaid more than $100 million in secured and unsecured bank and mortgage debt, recorded almost $20 million in gains on sale of these assets, and repositioned and stabilized the Company's balance sheet.

We believe that ongoing weakness in Ericsson's handset business has been widely anticipated by investors, and it may also prompt management to give further consideration to additional strategic options for the handset division. These options could include the sale of the division if some improvement is not seen in the next few quarters.

We believe that ongoing weakness in Ericsson's handset business has been widely anticipated by investors, and it may also prompt management to give further consideration to additional strategic options for the handset division, ... These options could include the sale of the division if some improvement is not seen in the next few quarters.

Having evaluated different strategic options, we became convinced that the sale of the foods business was the best solution for our company. This step will enable us to concentrate on our core businesses in home and personal care.

Around A$800 million would be a good price to achieve for Myer, given its recent disappointing sales data and the expectation that margins have also been squeezed.

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