MYER's Bid for Premier Boosts Sales
Explore Myer's strengths with 50 stores, 4.3M loyalty members, and a recent bid for Premier Investments to potentially boost sales by 25%.
July 1, 2024
Simon Rowles
Founder, CEO
- Myer Department Store Overviewsome text
- Myer operates 50 stores nationally.
- It boasts 4.3 million active Myer One loyalty program members.
- Annual sales reached Au$3.4 billion with an EBIT of 6%.
- Potential Acquisition of Premier Investmentssome text
- Premier Investments, LLC owns several notable brands including the Just Group.
- An acquisition could augment Myer's topline by 25%.
- Premier Investments' impressive margin stands at 15.3% with Au$874 million in sales.
- Analysis by Macquarie Group.
- Loyalty Central | Additional Informationsome text
- Loyalty Central is part of Ellipsis & Company, specialists in loyalty programs.
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