Myer Holdings Ltd (ASX: MYR) is in the news for all the wrong reasons today and investors have reacted accordingly.
Shares in Myer Holdings Ltd were down 1.1% at the time of writing to 44c per share, a 52-week low and a 63.3% slide from its price of $1.20 on this day last year.
Headlines today detail news Myer could get "crushed" by Westfield landlord Scentre Group (ASX: SCG) as Scentre looks to replace flagship floor space with an anchor tenant who pays more for the space and nets higher sales.
In continuing drama, Premier Investments Limited (ASX: PMV) chairman and significant shareholder Solomon Lew is trying to force the current Myer board out.
If that's not enough for Myer's worry list, the threat to traditional retailers posed by Amazon is very much already in play.
Amazon is fine-tuning its Australian site to include third-party traders across the globe via its Fulfilment by Amazon (FBA) offering.
Myer has also been in the headlines over its failure to stand up against online contenders like Kogan.com, but while former Myer CEO Bernie Brooks calls for "time" to readjust, investors aren't as patient, as its market capitalisation plummets before our eyes.