Tag: myer
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Premier Investments confirms stake in Myer
Premier Investments has been announced as the largest stakeholder for the retail giant Myer. In a statement to the ASX, Premier Investments confirmed that it has bought a 10% stake in the retailer, after much speculation over who had bought the shares. “Premier Investments Limited has made a strategic investment of 10.77% in Myer Holdings…
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Myer’s successful turnaround due to focus on ‘wanted brands’
Myer chief executive Richard Umbers has plenty to be happy about with his turnaround plan being off to a fantastic start. Umbers recently announced that the company has more than doubled its full-year profit to $60.5 million and has grown sales revenue by three percent. Umbers claims that the increase in sales has come from focusing…
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Myer Weribee store is a breath of fresh air
A Myer store in Werribee is breaking the cookie cutter mould of a traditional department store model; with a new target audience in mind. In September 2015, Myer boss Richard Umbers and CEO Daniel Bracon announced the their five year plan will include a $600 million facelift, including better change rooms and more boutique brands for the affluent buyers. …