** Shares of Myer Holdings MYR.AX rise as much as 2.7% to A$0.760, their biggest intraday pct gain since March 10
** Co names Kathy Karabatsas as its new CFO, and also proposes a structural overhaul
** The overhaul involves transitioning three of its brands in its Myer Exclusive Brands portfolio, while aiming to streamline its operations for these brands
** Shares of the retailer reflect the subdued sentiment in domestic consumer staples, with the sector .AXSJ down 0.2%
** Stock has lost 38.2% this year, as of last close
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.