Myer's Growth: 50 Stores, 4.3M Members, Eyes 25% Sales Boost

1 July 2024

Department's store MYER's strengths are its 50-store footprint and 4.3 million active (shopped in the past year) Myer One loyalty program members. It had sales of Au$ 3.4 billion at an EBIT of 6%. In its acquisition bid for Premier Investments, LLC (owners of brands including Just Group) it could increase its topline 25% with Premier's 15.3% margin on its Au$ 874 million in sales (Macquarie Group analysis). -