https://edge.alluremedia.com.au/assets/bi/img/*/placeholder.png
Toggle navigation
BRIEFING
Myer's new CEO will serve customers two days a week to 'turn this great company around'
DANIELLA BRANDY
JUN 6, 2018
https://edge.alluremedia.com.au/uploads/*/2018/06/156_Myer_180604.jpgSupplied/Digital ImageNew Myer CEO, John King, visiting Myer Doncaster on his first morning in the job
Myer’s new CEO John King has a plan to “turn this great company around”.
He will be working on the sales floor, serving customers two days a week.
As well as meeting with shareholders and other Myer executives, it forms part of King’s new approach to rescue the ailing business.
King spent Monday at Myer’s Doncaster store in Victoria, where he gave staff a pep talk before the store opened, and worked the floor and spent time talking to customers.
“I am confident that we can turn this great company around. We can rebuild pride, confidence and relevance in Myer, especially with our customers,” he said.
While he remains optimistic about the company’s future under his leadership, he acknowledges that Myer will continue to face challenges as consumers turn to online shopping, forgoing the traditional bricks-and-mortar shopping experience.
“This iconic Australian company, which like all global retailers, is facing significant change in both the retail environment and consumer shopping habits,” he said in April.
“With Myer team members, brand partners and suppliers, I will ensure we’re providing customers with the service, brands and products they want, and expect, from Myer; whether that be in store or online.”
King was appointed CEO when Richard Umbers stepped down as CEO earlier this year after Myer posted a half-yearly $500 billion lossin January.
As a result, Myer dropped off the ASX200 in March.
He also faces pressure from Solomon Lew, chairman of Myer’s largest shareholder Premier Investments, who is calling for Myer’s chairman and directors to be replaced.
Earlier this year, Lew said Myer’s sales numbers didn’t add up, and slammed Myer, saying it had “a failed board and a dead strategy”. UBS has even warned that Myer is in danger of a debt default next year.
Shares have slumped, and only briefly surged after reports of a David Jones takeover.
King said that his belief is that it’s always all about the customer.
“We have to put the customer first — in every decision we make and every action we take,” he said.
King is the former CEO of the UK’s department store chain House of Fraser, a business he restructured, culminating in a sale to Chinese conglomerate Sanpower in 2014. His base pay at Myer is $1.2 million.
NOW WATCH: Briefing videos
X
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Email Address
Join
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.
Tagged In
australian stories customer service myer retail
Sponsored Content
How To Send Money To An Overseas Relative
Sponsored Links
Graphene: The Aussie Stocks That Could Mint You a Fortune in 2018Money Morning Australia
People Born Before 1987 With No Life Insurance Should See These PlansLife Insurance | Sponsored Links
Thinking of a New Car? See New SUV ModelsSUV | Sponsored Links
Why Did No One Tell Us About This Life Insurance TrickLife Insurance Comparison Quotes
The less you drive, the less you payReal Car Insurance
U.S. Cardiologist Says Carbs Are Not The Problem (This Is)Gundry MD
THE CONNECTED WORLD REPORT: Business in the IoT age
Click here to download this report in PDF. Introduction An increasingly connected world will transform entire industries Even though it's a hot topic of...
Recommended For You
Fans of martial arts legend Jet Li were shocked by his recent appearance - here's what's wrong with him
The Qantas 747 'jumbo' has just two years left to live
For Kim Jong-Un to leave North Korea, it takes a personal toilet, private airstrips, and bulletproof trains that go only 37 miles an hour
MATT BARRIE: Australia, get your head out of the sand -- because we're in crisis
Sponsored Links
Trending on The Web
Here's The Real Mortgage Rate You Should Be PayingHome Loans Australia
Meet the Online Lenders Saving Aussies MillionsMozo
Meghan Markle is breaking fashion rules and dressing like no royal before her
Meghan Markle is breaking a number of traditional fashion rules within the royal family. From wearing a messy hair bun inside the Cardiff Castle, to showing her legs sans pantyhose during her and Prince Harry’s engagement announcement – she hasn’t compromised her own, more relaxed, fashion style in
Recommended For You
Mercedes just revealed how it plans to conquer electric cars -- and Tesla should be nervous
Elon Musk may be dating pop musician Grimes, and the internet is losing it over photos of the alleged couple at the Met Gala
A Chinese surveillance company may have just become the most valuable AI startup in the world
NBN is supercharging old copper to go as fast as fibre next year
Sponsored Links
Trending on The Web
Struggling With $10k+ Of Debt? You May Qualify for Massive Debt Relief! (Only if You Claim it)Aussie Debt Advisors
Could the Aussie Dollar Crash in 2018? This Finance Expert Says ‘Yes’Markets & Money Australia
The switch to e-commerce changed everything for this bike retailerSPONSORED CONTENT
![]()
- Forums
- ASX - By Stock
- MYR
- Ann: Myer Q3 FY2018 Sales
MYR
myer holdings limited
Add to My Watchlist
0.83%
!
60.5¢

Ann: Myer Q3 FY2018 Sales, page-98
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $1.045B |
Open | High | Low | Value | Volume |
60.5¢ | 61.5¢ | 59.5¢ | $6.987M | 11.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 156113 | 59.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 81994 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 156113 | 0.595 |
21 | 278453 | 0.590 |
13 | 188389 | 0.585 |
20 | 478087 | 0.580 |
5 | 60329 | 0.575 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 81994 | 3 |
0.615 | 73481 | 3 |
0.620 | 46869 | 4 |
0.625 | 6018 | 1 |
0.630 | 122998 | 4 |
Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
Featured News
MYR (ASX) Chart |