Myer's most recent results, released in early May, showed soft earnings for Topshop, which were down $3 million, exposing Myer to a $600,000 loss given its 20 per cent stake in the business.
Myer's 20 per cent stake in the Australian TOPSHOP franchise is under a cloud after the fast fashion retailer's major shareholder called in administrators.
A Myer spokesman said the company was "pleased with the performance of Topshop and Topman in our stores and the impact the brands have had on our youth category".
Following the release of the results, Myer chief executive Richard Umbers defended the department store's investment in the UK fast-fashion chain.
"It's still a sought-after brand and we're very comfortable we made the right decision," Mr Umbers said.
Across the nation, there are about two dozen Topshop and Topman stores in Victoria, New South Wales, Queensland, South Australia and Western Australia.
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MYR Price at posting:
91.5¢ Sentiment: Buy Disclosure: Held
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