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Myer operated its own direct mail order company, Myer Direct, from 1989 until its sale to EziBuy [74] in January 2002. In October 2007, Myer launched an online gift store, including electronic goods, perfumes, miss shop clothing and gift cards.
Grace Bros was an Australian department store chain, founded in 1885. It was bought by Myer (later Coles Myer) in 1983.There were 25 stores across New South Wales and the Australian Capital Territory plus a few in Victoria, until they were re-branded under the Myer name in 2004.
Meier & Frank was founded in Portland, Oregon in 1857, and acquired in 1966 by May Department Stores.May operated it as a separate division for nearly forty years, expanding the chain to Utah in 2001, as a result of a conversion of May Company's Zion's Co-operative Mercantile Institution (ZCMI) stores purchased in 1999.
The centre contained a Coles New World supermarket, Kmart, David Jones and it was the home to the only Myer store in NSW until the early 1990s then briefly became Grace Bros before closing altogether. This made Chatswood the only suburb in Sydney to have two Grace Bros stores around this time.
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From 1911 to 1934, Melbourne businessman Sidney Myer acquired and constructed 10 buildings between Lonsdale and Bourke streets in the central city while establishing his Myer chain of department stores. The first new building was completed facing Bourke Street in 1914, and the 8-storey structure was named the "Myer's Emporium".
On 13 March 2006, Coles Myer announced it would sell Myer to a consortium controlled by US private equity group Newbridge Capital. The consortium also included the Myer family, who held a 5% stake. The sale was completed for A$1.4 bn on 2 June 2006. [15] Coles Myer changed its name to "Coles Group Limited" in November 2006. [16]