Myer to close Wollongong, Orange department stores

Friday, 20 May 2016 07:13:35 | Michael Janda

Myer is closing two of its stores in regional NSW. (By Natasha Harradine)

Myer is closing two of its stores in regional New South Wales as it pursues a "sharper" and "more focused" offer.

The department stores in Wollongong and Orange will close at the end of their respective leases in October and January.

The ABC understands that the two stores employ around 130 people between them - approximately 80 in Wollongong and 50 in Orange.

Myer's chief executive Richard Umbers said the company will assist its workers.

"We are committed to supporting all impacted team members, and we will work with them through this process," he said in a statement.

Mr Umbers said the decision is part of the company's turnaround strategy to "improve productivity" and "deliver a sharper and more focused offer".

"These difficult but important decisions are a necessary step in the delivery of the New Myer strategy, which is designed to return Myer to profitable growth," he explained.

"While decisions to close stores are n ever easy, the process of reshaping our store network to better align with our primary customers is an essential part of the strategy."

The strategy sees Myer focussing first and foremost on its flagship city CBD stores, which have the highest levels of sales and profitability.

With the company still in discussions with several landlords over store leases, it appears likely that these might not be the last Myer store closures in regional and suburban areas.

AustraliaPlus

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Myer to close Wollongong, Orange department stores

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