45-798: Erina Fair is a large shopping centre in the suburb of Erina on the Central Coast of New South Wales , Australia. Erina Fair is the largest single level shopping centre in the Southern Hemisphere and the largest shopping centre on the Central Coast and in Regional Australia (outside of a metropolitan city). Erina Fair has bus connections to The Entrance , The Entrance North , Ettalong Beach , Gosford , Matcham , North Avoca , Saratoga , Terrigal , Woy Woy and Wyong , as well as local surrounding suburbs. It
90-571: A $ 300 million redevelopment which officially opened in April 2011. In 1988, the Myer Centre in Brisbane's Queen Street Mall opened in time for World Expo 88 . The shopping centre featured 6 floors of stores. The top two levels featured an indoor amusement park, named Tops, with a swinging ship and Australia's first indoor roller coaster. The amusement park closed in the year 2000 and all
135-578: A $ 4 million deal to be the "face" of Myer for four years. Myer withdrew from the Coles Group part-owned flybuys rewards program on 1 February 2007. In March 2007, Myer announced first half earnings before interest and tax (EBIT) of $ 123 million, an increase of 84% on the previous year. This represents a profit margin of 6.8%, compared with 3.9% in the previous corresponding period. According to chairman Bill Wavish, all Myer stores were now profitable, and all stores were more profitable than in
180-413: A 12-hectare (30-acre) site off Karalta Road. They also purchased additional land in the old drive-in site which was used for carparks and large stores. Central Coast Fair featured a single level Grace Bros (rebranded to Myer in 2004), Big W , Target , Franklins , Woolworths and 95 specialty stores. The floor space of the centre was roughly equivalent to six football fields. 51,000 shoppers attend
225-454: A broad range of products across women's, men's, and children's clothing, as well as footwear and accessories, cosmetics and fragrance, homewares, electrical, connected home, furniture, toys, books and stationery, food and confectionery, and travel goods. Myer's primary department store rival is David Jones . Australian model, and Miss Universe 2004 , Jennifer Hawkins was the long-serving 'face of Myer' for 12 years, until her departure from
270-474: A consortium comprising the Myer family, Colonial First State and GIC Real Estate (Singapore) announced it would be purchasing Myer's Melbourne CBD store. The Bourke Street part of the store was planned to be redeveloped by 2009, with Myer taking a 60-year lease, but the development was not completed until March 2011. The Lonsdale Street part of the store closed in 2009. In September 2009, following rumours from
315-483: A consortium controlled by US private equity group Newbridge Capital . The consortium also included the Myer family, who held a 5% stake. The new owners, who also secured the freehold on the flagship Bourke Street store, indicated that they would not radically change the business, at least in the short term, and had no plans to redevelop the Bourke Street site as this would impact too heavily on profitability during
360-617: A new site in Docklands . The historic Lonsdale Street store was officially closed. In early 2011, Myer purchased a 65% stake in Australian women's fashion label Sass & Bide for A$ 42.25 million. In October 2013, Myer purchased the remaining 35% of the business for $ 30 million. In January 2014, it was revealed by Fairfax Media that Myer had made a bid to purchase and merge with department store rival David Jones . The merger would have kept both chains operating independently on
405-472: Is served by Busways and Red Bus Services . The majority of its bus services are located on Terrigal Drive, Karalta Road and as well as the bus stop inside the centre. Erina Fair has multi level car parks with 4,528 spaces. Central Coast Fair opened on 24 August 1987 and is the largest single level shopping centre in the Southern Hemisphere. It was developed by Grace Bros who already owned
450-446: The 2015 strategic review, a $ 221mn capital raising was announced. The resulting dilution of shareholder value in conjunction with little support for the actions in the strategic plan saw the share price decline to $ 0.91. In April 2017, Myer acquired two fashion brands—Marcs and David Lawrence—after they were placed in voluntary administration. On 27 March 2020, Myer announced it would be temporarily closing down all of its stores from
495-494: The Bourke Street building. By 1934, the public company had a paid-up capital of nearly £2.5 million. On the death of Sidney Myer in 1934, leadership of the company fell to briefly to Lee Neil , who died a few months later, and thence to Elcon Myer. On the death of Elcon in 1938, leadership went to their nephew Norman Myer. Norman Myer led the company until his death in 1956. Myer grew by developing its own stores (becoming one of Australia's major property owners and developers in
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#1732783697880540-539: The Central Coast Ice Speed Skating Club. It closed on 19 August 2019 for renovations and removal of a dangerous external cladding. It was reopened with a ribbon-cutting ceremony on 2 January 2021. On 7 May 2022, and after more than 30 years of trade in the centre, Target closed its store to make way for the centre's $ 5.1 million redevelopment. This redevelopment will include a large French sports megastore Decathlon and new stores in
585-594: The Myer card in October 2006 in conjunction with GE Money. According to GE Money, 125,000 accounts had been opened by August 2007. In November 2007, Myer launched a Visa credit card, also in conjunction with GE Money. Myer stated it was prepared to wear losses from the card for two years and that its objective was to drive increased loyalty from the card (which links with the MYER one card) rather than being profitable in its own right. It expected to sign 100,000 customers to
630-626: The New Myer Credit Card, now offered by Macquarie Group . Existing card holders were invited to join the new programme, or have their existing Myer point earning cards converted to non-Myer point earning Latitude Finance cards. As of April 2024, Myer has 56 stores across Australia, in both capital cities and regional centres. The national flagship store is located in the Bourke Street Mall in Melbourne and received
675-698: The Visa card by November 2008. Myer reported it had signed 15,000 customers to its Visa card in the first five weeks from launch, half of whom were converts from the existing store card. In 2007, the Coles Myer Card, Coles Myer Gift Card and Coles Myer Source MasterCard were renamed Coles Group Card, Coles Group & Myer Gift Card and Coles Group Source MasterCard respectively and as such were no longer affiliated with Myer. In 2017, Myer's partnership with GE Money (now Latitude Financial Services ) ended, and Myer relaunched their store branded credit programme as
720-528: The Wikimedia System Administrators, please include the details below. Request from 172.68.168.226 via cp1108 cp1108, Varnish XID 230923094 Upstream caches: cp1108 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 08:48:17 GMT Myer Myer (stylised MYER ) is an Australian mid-range to upscale department store . It trades in all Australian states and one of Australia's two self-governing territories. Myer retails
765-441: The addition of "The Corner" precinct with new Coles supermarket and Harris Farm Markets , Kmart , Cotton On , JB Hi-Fi , Rebel Sport , new specialty stores, a new Central Coast-history themed food court known as "The Atrium", a new specialty mall, restaurant precinct, health and fitness club. It also included the opening of The Hive which features a library, community hall and youth recreation centre. Franklins closed in 2005 and
810-663: The board representing the Myer family. Head office for Myer, moved from Coles Myer head office in Hawthorn East back to Lonsdale House (Lonsdale Street store) in Melbourne's CBD. Beginning July 2006, Myer held a "History Making Clearance" to clear out excess stock deemed either unprofitable or unpopular, and reduced inventories from $ 1.5 billion to $ 750 million, and all store-specific warehouses were closed. Former Miss Universe Jennifer Hawkins began appearing in campaigns for Myer in 2006 and in January 2007 signed
855-439: The bottom of the grid. The grid would affect the merchandise allocated to each store, rather than selling the same range of product in downtown Melbourne as in regional Queensland. On 13 February 2004, Grace Bros stores were re-branded as Myer. In April 2004, Myer re-opened its Bondi Junction , store which replaced a former Grace Bros store closed in April 2002 to make way for the redevelopment of Westfield Bondi Junction . It
900-606: The business Target , positioning it as a discount department store chain. The core business of the company began to expand even further with the purchase of liquor retailers (San Remo and Crittendens ) and fast food outlets ( Red Rooster ). In 1983, Grace Bros bought Myer in New South Wales, and then in July of that year Myer acquired Grace Bros Holdings Ltd. The Myer store on Market and Pitt Streets in Sydney became
945-603: The business of Wright and Neil, Drapers , in Bourke Street , Melbourne , near the General Post Office , and a new building was completed and opened in 1914. From this base, Myer built Australia's largest chain of department stores, and the only chain with stores in all Australian states. In 1918, the Doveton woollen mills at Ballarat were purchased, and in 1921 a new building fronting Post Office Place
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#1732783697880990-513: The centre by at least 10% and included a naturally lit boardwalk, a new eatery and carpark extensions. The bulky-goods retail precinct was added in 1995 with the opening of JB Hi-Fi , The Good Guys and Toys "R" Us . Intencity arcade and the Hoyts cinema complex opened in 1996 near the site of the old drive-in which was running between 1958 and 1985. Erina Fair underwent the stage three $ 200 million, two year development in 2003. This resulted in
1035-511: The close of business 29 March 2020 for a period of four weeks, standing down 10,000+ staff members, as a result of the COVID-19 pandemic . Myer continued to operate their online store, with no contact delivery available and click & collect at certain stores. Myer announced a plan to re-open all stores by 30 May 2020. In late October 2024, Myer announced they had reached a deal to buy Premier Investments ' Apparel Brands division (comprising
1080-498: The construction period. Texas Pacific also had interests in UK department store Debenhams and high-end US retailer Neiman Marcus . This sale was completed for A$ 1.4 bn on 2 June 2006. After being divested from Coles Myer (later Coles Group , then purchased by Wesfarmers ), new owners Newbridge Capital and the Myer family appointed chairman Bill Wavish and chief executive Bernie Brookes, both formerly of Woolworths . Rupert Myer joined
1125-497: The day before David Jones. On 9 August 2004, Myer staged a fashion parade open-air in Martin Place , gaining widespread attention, and again it was held the day before David Jones' show. On 17 August 2005, Coles Myer announced that within 12 months, it would decide to demerge, divest or retain Myer. Thirteen expressions of interest were made for all or part of Myer. On 13 March 2006, Coles Myer announced it would sell Myer to
1170-542: The fashion brands Just Jeans, Jay Jays, Jacqui E, Portmans and Dotti). As part of the transaction, Myer will issue new shares (worth $ 863.78 million) to Premier Investments, while Premier will contribute $ 82 million to the business. Solomon Lew will join the Myer board as a non-executive director. The deal requires approval from the shareholders of both companies. The MYER one program was introduced in August 2004 after Coles Myer discontinued its shareholder discount card
1215-612: The former Target tenancy. The development will also include facade amendments, including signage, a new entry and a rooftop mechanical deck. Sixteen parking spaces on the rooftop level which features the current Big W and Target entrances will be removed. Erina Fair has 113,643m² of floor space. The major retailers include Myer , Big W , Kmart , Aldi , Coles , Harris Farm Markets , Woolworths , Cotton On , H&M , Uniqlo , JB Hi-Fi , The Good Guys , Rebel , Intencity , Erina Ice Arena and Hoyts Cinema . Erina, New South Wales Too Many Requests If you report this error to
1260-540: The main Grace Bros store. In 1984, Myer acquired Boans , the dominant Western Australian department store chain and embarked on a major redevelopment of its Perth City Store. In 1985 the Myer Emporium (and Target, its discount department store) merged with GJ Coles & Coy forming Coles Myer , then Australia's largest retailer. Myer remained a distinct entity within the new corporate structure until it
1305-619: The new proposal, when food and clothing retailer, Woolworths South Africa offered to purchase David Jones, by way of a scheme implementation deed, in which shareholders of David Jones would be offered $ 4-per-share. In response to the Woolworths deal, Myer withdrew their proposal to David Jones. Myer's long serving CEO Bernie Brookes, whose strategy was to clean up the business and develop efficiency strategies, announced his departure in March 2015. In September 2015, as part of an outcome from
1350-399: The opening and took advantage of opening specials. A sale at Best & Less of 1c pantyhose saw stock exhausted in 30 minutes and Angus & Coote jewellers sold 10 $ 400 rings for $ 10 each within minutes. A second stage of redevelopment was on the drawing board at the time of opening. In 1994 Erina Fair underwent an $ 85 million stage two development. This development expanded the size of
1395-445: The previous month, Myer indicated it would float the business at an indicative share price range of $ 3.90 to $ 4.90 when it listed on 2 November, giving it a market capitalisation between $ 2.3 billion and $ 2.8 billion. The final issue price was $ 4.10, but by August 2011 the shares had fallen to $ 2.09. In 2010, Myer's re-developed Bourke Street mall store opened, becoming the company's new flagship store. Head office moved to
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1440-764: The previous month. Myer revamped its MYER one program by introducing a graduated rewards system with four levels including Standard , Silver , Gold and Platinum . Each reward level is dependent on customer spend and confers exclusive benefits. The Platinum membership is by invitation only and is for Myer's highest spending customers and was added to the program in May 2013. In September 2010, Myer stated there were 3.7 million members and five million cards in circulation. Of these, over 20,000 had Gold status, spending over $ 7,500 per annum. Sales attributed to members accounted for 68% of total Myer sales. Gift cards valued at $ 51 million had been provided to members as rewards in
1485-589: The previous year. As of February 2024, the Myer One program has more than 7 million members. Myer originally had a store card managed by Australian Retail Financial Network (ARFN), sold in 1995 to GE Money . This was superseded by a Coles Myer Card and Coles Myer Gift Card which could be used at all Coles Myer stores. This was augmented by the Coles Myer Source Mastercard , also managed by GE Money. Following its sale, Myer relaunched
1530-569: The previous year. Myer acquired four Harris Scarfe stores (including regaining a store it divested to Harris Scarfe in 1998) and took a minority shareholding in Harris Scarfe. The Mymerch system, developed with IBM and Oracle, cost $ 99 million and was implemented early April 2007. Among other functions, Mymerch increased Myer's ability to carry out statistical analysis of customer habits giving it greater capacity to forecast sales trends and target promotions. Myer's profit turnaround
1575-837: The process) and acquiring other department stores, including Adelaide's Marshall's and Bell's ( Victor Harbor ) in South Australia, Western Australia's Boans in 1984, Queensland's Barry & Roberts as well as McWhirters of Brisbane's Fortitude Valley in 1955 and Allan & Stark in 1959, in Victoria Shilliday's ( Mildura ), and in New South Wales they acquired Western Stores , McLean's Central Stores ( Lismore ), Morley's ( Tweed Heads ), Farmers & Co in 1961, Mortimer's ( Gosford ) in 1968, P.G.Smith & Regans ( Tamworth ) in 1953 and Grace Bros in 1983. In 1968, Myer acquired Lindsay's stores in Geelong , renaming
1620-604: The purchase of the old established businesses of Robertson & Moffat and Stephens & Sons. In Adelaide , in 1925, the company Myer SA Stores Ltd acquired a controlling interest in Marshall's department store and its shares continued to be listed on the Adelaide Stock Exchange until Myer Emporium Ltd made a successful takeover bid in 1966. A separate building in Queensberry Street, Melbourne,
1665-569: The role in 2018. The Myer retail group was founded by Sidney Myer , who migrated from Belarus to Melbourne in 1899 after the height of Victoria's gold rush , with very little money and little knowledge of English to join his elder brother, Elcon Myer (1875–1938), who had left Russia two years earlier. They opened the first Myer store in Bendigo in 1900. After prospering, they opened a second store in Bendigo in 1908. In 1911, Myer purchased
1710-420: The store to appeal to customers lost in the down market experiment. In 2003, one of the key changes made by the recently appointed Managing Director, Dawn Robertson, was to classify each Myer Grace Bros store using a grid system referencing the socio-economic status of the area, its turnover and growth potential. Larger city-centre stores would rank at the top of the grid and smaller regional stores would rank at
1755-568: The surface, combining back-office and supply chain operations saving both companies an estimated $ 5 billion per year. The $ 3 billion non-binding indicative proposal was made to the David Jones board of directors in late October 2013, however was rejected by the board in November 2013. In February 2014, Myer reapproached David Jones, offering to purchase David Jones at market value (estimated to be 1.7 billion). David Jones had not yet commented on
1800-501: Was added at Melbourne and in the following years Myer purchased adjoining properties, eventually building a store known as the Myer Emporium . The 1914 building had been designed by architects HW & FB Tompkins , who went on to design all the extensions over the next 20 years. The Myer store expanded to Lonsdale Street in the 1920s, and the Bourke Street frontage was expanded and rebuilt in 1933. The Myer Emporium grew with
1845-511: Was put up in 1928, it was called Carlton Despatch, Myer had a large number of trucks that delivered items to the suburbs of Melbourne. People phoned the department that sold what they wanted. It was then sent to Carlton Despatch and delivered to peoples homes. They paid with a Myer Card, that put the amount on their account, that was sent to customers monthly. The Collins Street businesses of T. Webb and Sons, china importers, and W. H. Rocke and Company, house furnishers, were bought and transferred to
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1890-586: Was replaced by Aldi . Erina Ice Arena is an Olympic-sized indoor ice skating rink which opened in 2003 as part of the development. It serves as the home ice rink of the Central Coast Rhinos . The ice rink features a 60m x 30m ice sheet and a large grandstand for spectators at major events and ice hockey games. There are many function and party rooms. The rink is also home to the Central Coast Figure Skating Club and
1935-520: Was sold in 2006. In 2000, Coles Myer CEO Dennis Eck, faced with lower sales and profits from Myer and Grace Bros stores took the department stores down market, reducing service levels, increasing stock volumes on the selling floor and introducing product to appeal to younger consumers. In doing so, he ended up replicating the approach of another of Coles Myer's chains, Target. The resulting effect included reduced customer visits and reduced units sold per transaction. In 2001, Coles Myer set about to reposition
1980-434: Was tempered in April 2007 by the loss of key staff. Bob Boutin, apparel director, Mark Bingemann, women's wear business manager and Jasmine Bingemann, footwear and accessories manager all resigned within a short period. This followed reports of management dissatisfaction over the direction of the fashion business signified by the defection of designers such as Alex Perry and Tigerlily to David Jones . In June 2007,
2025-406: Was the first Myer store to open in several years and incorporated new features such as white glossy floor tiles, extensive use of glass, and greater use of mannequins. Under managing director Dawn Robertson, Myer began to target the Sydney market more strongly, to challenge the position of chief rival David Jones particularly in ladies fashion. In February 2004, Myer held its Sydney fashion parade
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