Myer Holdings Ltd (ASX:MYR)

Myer Holdings Ltd (ASX: MYR) is the name behind the popular up market department ‘Big Box’ store retailer. Myer is named after Sidney Myer who arrived in Australia from Russia in 1899. Sidney Myer and his brother Elcon opened the first Myer store in Bendigo in 1900. By 1911 Sidney Myer bought adjoining properties on Melbourne’s Bourke Street and opened the Myer Emporium. Today, Myer has tens of thousands of shareholders and offers products from over 1,000 suppliers through its nationwide department stores.