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Myer (ASX:MYR), the department store operator, has been backed by some fund managers as it repositions following its merger with Premier's apparel brands. In November 2025, Perpetual reported Myer rose 16.5% after releasing its annual report, which showed encouraging progress in key performance areas including total sales growth. Ellerston Capital, which holds an overweight position, noted the same gain in November, though Myer later detracted with an 8.4% fall in January 2026. Myer operates in the Consumer Discretionary sector within the Multiline Retail industry, and Thesis Tracker has captured 16 comments from 8 fund managers, including Perpetual and Ellerston. Founded in 1900 by Sidney Myer and headquartered in Docklands, Melbourne, Myer operates department stores across Australia selling fashion, beauty, homewares and general merchandise, and owns the Apparel Brands portfolio, including Just Jeans, Jay Jays, Portmans, Dotti and Jacqui E, acquired from Premier Investments.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Ten Cap, Oracle Advisory Group, Perpetual Asset Management, Wilson Asset Management, Ellerston Capital, Cadence Capital, Pendal Group and QVG Capital have invested in Myer Holdings Ltd (ASX:MYR).
Perpetual highlights encouraging progress shown in Myer's annual report, including growth in total sales, and Ellerston maintains an overweight position, suggesting confidence in the turnaround and the integration of the apparel brands.
Ellerston noted Myer was a negative contributor in January 2026, falling 8.4%, and as a department store operator it remains exposed to discretionary consumer spending and retail competition.
Myer Holdings Ltd. is an Australian department store operator headquartered in Docklands. Founded in 1900 by Sidney Myer, the company offers a diverse range of merchandise, including youth and children's fashion, intimate apparel, beauty and fragrance products, homeware, electrical goods, toys, and fashion accessories. As a major retailer, Myer maintains a broad market presence across its core product categories, serving as a significant player in the Australian retail sector.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.