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Myer (ASX:MYR) to reopen stores across Australia

Consumer Discretionary
ASX:MYR      MCAP $561.4M
22 May 2020 10:00 (AEST)

Several Myer (MYR) stores across Australia will reopen next week after spending time out during the COVID-19 pandemic.

Most notably, all 12 Victorian stores will reopen for business on Wednesday, May 27. While Myer has kept a number of stores operational in other Australian states, Victoria has not.

More popular outlets outside of Victoria will see an earlier open for Friday, May 22, including; Carousel, Joondalup, Canberra City, Blacktown, Eastgardens, Charlestown, Maroochydore, Mackay, and Marion.

The number of stores reopening totals 35.

However, the reopened stores will see some changes to the shopping experience. Plenty of hand sanitiser will be offered throughout each location.

Changerooms will remain operational, however, beauty and makeup services will stay on timeout. Sneeze guards will also be used at all cash registers.

Shoppers looking for a new pair of shoes at Myer will also have to wait, as shoe fittings are suspended for the time being.

Back in late March, COVID-19 cases in Australia were experiencing a spike, prompting the retail giant to put their stores on break. This decision saw nearly 10,000 staff stood down.

Myer’s decision to reopen stores comes just a day after the country recorded its worst-ever monthly drop in retail trade — a downgrade of 17.9 per cent.

Like many other retail stores, Myer staff will be monitoring social distancing rules on location, and capping the number of shoppers at each time. For example, cosmetic chain Mecca is testing the temperature of shoppers before they enter.

Myer also commented on Thursday that extra measures will be taken to frequently clean surfaces.

Shares in Myer are flat at market open, trading for 27 cents each

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