Myer Holdings Limited
(ASX:MYR) has flagged store closures as it continues to work on its strategic review to deliver a more sustainable and profitability business.
The department store retailer says it will exit its store at the Top Ryde City shopping centre in New South Wales in late July.
Myer also plans to close three stand-alone specialty stores in Melbourne’s north at the end of August.
New CEO and Managing Director Richard Umbers says the company will focus on the core Myer business in bricks and mortar and online and on building relevance with customers.
Myer Holdings reported a net profit of $62.2 million in the first half of the 2015 financial year.
