Retail powerhouse Myer (ASX:MYR) looks set to fall out of the S&P/ASX 200 index by March 19 2018.
It’s the first time it has been pushed out of the index since its 2009 float.
The hierarchy of the S&P Dow Jones indices has been reviewed as a result of the March quarterly announcements just released.
The department store’s market value has fallen to $370 million this week - from $950 million last year.
Shares in Myer (ASX:MYR) are trading 2.75 per cent higher/lower at $0.44.