Business
Myer to shut Knox store in suburban Melbourne – The Australian Financial Review
Myer has been shutting stores and shrinking floor space as it aims to become a more digitally led retailer.
Myer will close its department store in Knox, Victoria, just east of Melbourne, with last sales ringing through at the end of July.
Chief executive John Kings five-year turnaround plan involves reducing excess floor space by closing stores or handing back excess floor space to landlords. He is also slashing costs and inventories, pulling back on discounting, replacing underperforming brands and ramping up online sales.
Myer CEO John King with actor and store ambassador Asher Keddie at its spring…
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