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.

That's as you would expect between two great competitors. We had Elle Macpherson counting down and ringing the clearance bell, and they had people scrambling into their store.

As the process progresses, should our interests align, there's a possibility that something might occur. But I think it's too early to say if there's a deal structure that might come out of that.

We've never taken a view that it's about staff cuts or redundancies.

We're a friend to everybody at the moment,

will enable us to deliver 5 to 10 per cent profit after tax growth in fiscal 2006

When household budgets tighten up women continue to buy for themselves. It's happening now.