Great announcement, the transition of perception from bricks and mortar to digital retailer is happening and the value of the business will be re-rated in time
n making this decision today, we have taken into account our rising online sales, as well as the number of
Myer stores that are in close proximity to the Knox store including Eastland, Fountain Gate, Chadstone and
Frankston.
Myer’s CEO, John King, said:
“We will continue to make targeted improvements to our store network, whilst reducing space and improving
the offer for our loyal customers.
“Our vision remains for Myer to be a data and digital-led retailer supported by our store network, which
continues to be an asset to our business
Retail Figures, page-219
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