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Private company

Megamart by Myer

Logo: The logo may be obtained from Megamart., Non-free logo, via Wikipedia3

Australian furniture and electrical goods chain

Megamart was an Australian chain of stores owned by Coles Myer that sold electrical goods and furniture. It was co-branded with Coles Myer's department store chain Myer.2 It is part of Coles Group.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

  • Industryretail1

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Megamart was an Australian chain of stores owned by Coles Myer that sold electrical goods and furniture. It was co-branded with Coles Myer's department store chain Myer.2

Corporate structure

Megamart by Myer is part of a group headed by Coles Group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

In September 1998, Coles Myer opened the first Megamart store in Coorparoo, Queensland. By April 2001, there were three stores. At its peak in 2005, the chain had nine stores: four in Victoria, three in New South Wales, one in Queensland and one in Western Australia.

In November 2005, Coles Myer announced it would shut down the Megamart business due to poor performance. According to business reporter Stephen McMahon, Megamart failed as "its small footprint meant it struggled to compete with rivals such as Harvey Norman and Dick Smith - while cannibalising Myer's own sales."

All nine Megamart stores stopped trading on 13 November 2005. Six store locations were bought out by Harvey Norman and reopened as Harvey Norman stores. The remaining three were bought by Clive Peeters (which was soon purchased by Harvey Norman itself).

From Wikipedia’s article on Megamart, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

From Wikidata.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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