Myer Holdings Limited ( (AU:MYR) ) has issued an update.
Myer Holdings Limited announced a significant corporate transaction with Premier Investments Limited’s Apparel Brands, aiming to fast-track its strategic priorities and enhance its market position. This combination is expected to create a leading omni-channel retail platform, with more than $4 billion in annual sales and an extensive footprint across Australia and New Zealand, helping the company adapt to the challenging retail environment and drive sustainable growth.
More about Myer Holdings Limited
Myer Holdings Limited is a prominent retailer in the Australian market, focusing on a broad spectrum of department and specialty stores. It offers a diverse range of category offerings and brands, leveraging strengths in loyalty, data, and eCommerce. The company aims to establish a leading retail platform across Australia and New Zealand through strategic combinations.
YTD Price Performance: -26.76%
Average Trading Volume: 2,573
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €446.9M
For an in-depth examination of MYR stock, go to TipRanks’ Stock Analysis page.