Myer to exit Top Ryde City

Myer LOGOMyer has announced it will exit its store at Top Ryde City shopping centre in Sydney in late July 2015

Myer Holdings Limited CEO and MD, Richard Umbers, said while the everyday focus remains on running the business, work to conclude the company’s strategic review, which includes an assessment of the productivity of all assets, is ongoing.

“We have recently undertaken an extensive analysis of our current and future customer base, on a catchment by catchment basis that now informs our decision making,” Umbers said.

In an ASX release yesterday, Myer said a review of its data indicted that the majority of its customers are now choosing to shop at other nearby Myer locations. The July 2015 timeframe for exit has been facilitated by redevelopment plans for the Top Ryde City centre.

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