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

 In Australia, Myer, NewZealand
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.


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.


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…

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