Megamart was an Australian chain of stores owned by

Coles Myer Coles Group Limited is an Australian public company operating several retail chains. Its chief operations are primarily concerned with the sale of food and groceries through its flagship supermarket chain Coles Supermarkets, and the sale of li ...

that sold electrical and furniture items. It was a sub-store of department store chain

Myer Myer (stylised MYER, sometimes known as Myers) is an Australia, Australian mid-range to upscale department store chain. It trades in all Australian states and one of Australia's two self-governing territories. Myer retails a broad range of ...

, so it was also known as Megamart Your Mega Electrical & Furniture Store by Myer. Some Megamarts were bigger than smaller Myer stores. According to Business reporter Stephen McMahon, the reason Megamart closed was that "Its small footprint meant it struggled to compete with rivals such as Harvey Norman and Dick Smith - while cannibalising Myer's own sales."

History

* 1998: Coles Myer open the first Megamart store in

Coorparoo, Queensland Coorparoo is a suburb in the City of Brisbane, Queensland, Australia. In the , Coorparoo had a population of 16,282 people. Geography Coorparoo is by road south-east of the Brisbane GPO. It borders Camp Hill, Holland Park, Stones Corner ...

. * 2001: Coles Myer announces plans to expand the Megamart chain of

furniture Furniture refers to movable objects intended to support various human activities such as seating (e.g., stools, chairs, and sofas), eating (tables), storing items, eating and/or working with an item, and sleeping (e.g., beds and hammocks). Fu ...

and

electrical Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by ...

stores. * 2005: Coles Myer announces plans to "divest" Megamart due to poor performance. All stores stopped trading on 13 November. Out of the nine stores, six were bought out by

Harvey Norman Harvey Norman is a large Australian-based, multi-national retailer of furniture, bedding, computers, communications and consumer electrical products. It mainly operates as a franchise, with the main brand and all company-operated stores owned ...

while the remaining three were bought by Clive Peeters (which was soon purchased by Harvey Norman itself).

References

{{reflist Defunct retail companies of Australia

History

See also

References