Myer to exit Top Ryde City shopping centre as part of transformation plan

It was one of the first new department stores opened by Myer after its $2.3 billion float in 2009. Now Myer’s Top Ryde store could be the first of as many as 20 stores earmarked for closure as part of a transformation plan aimed at securing the 115-year-old retailer’s future.

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Myer is planning to close its four-year-old store in the Top Ryde City shopping centre and hand the space over to major chains such as Coles or Kmart as part of a $40 million redevelopment of the centre.

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According to a development application lodged in March with City of Ryde Council, Top Ryde City plans to replace the two-level Myer store with a supermarket, a major tenant and a "mini-major" such as H&M, Zara or Uniqlo..Sydney Morning Herald – Read more…