Myer will close its Roselands store in Sydney by the end of July, making way for a global retailer as part of a major shopping centre redevelopment.
The Roselands store, opened in 1965 as Grace Bros and rebranded to Myer in 2004, will continue trading until its closing sale.
The Roselands Shopping Centre, now owned by HMC and JY Group, will be revamped into a convenience-led precinct with a 16,000 sqm supermarket and additional national and international retailers, creating around 550 jobs.
A Myer spokesman said the closure is part of the company’s strategy to streamline its store network and focus on profitable locations.
Myer has also upgraded its Morley store in Perth and previously closed stores in Melbourne, Brisbane, and Sydney.
Source: The Australian.
