Myer Holdings Limited (ASX:MYR) is reportedly in talks to open Darwin’s first department store.
According to the Australian Financial Review, the retailer is looking to capitalise on the resources boom attracting workers to the Northern Territory.
Myer has told the AFR that it is currently in discussions with property developer GPT Group (ASX:GPT) regarding a potential redevelopment of its Casuarina shopping centre.
The report says Myer CEO, Bernie Brookes, has travelled to the Territory several times in recent years and a possible move up north would come hot on the heels of Myer’s recent redevelopment of its Melbourne flagship store.
In the 2011 financial year Myer Holdings posted a net profit of $159.6 million, coming in slightly below the year before.
