The resulting effect included reduced customer visits and reduced units sold per transaction.
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The company was then employing 5300 people with medical and nursing aid for the staff, and rest homes for them at the seaside and in the Dandenong Ranges.
On the death of Sidney Myer in 1934, leadership of the company fell to Elcon Myer, and on the death of Elcon in 1938, leadership went to their nephew Norman Myer.
The Myer Emporium grew with the purchase of the old established businesses of Robertson & Moffat and Stephens & Sons.
In 1925, Myer Emporium Ltd was listed on the Melbourne Stock Exchange and the new building on the Lonsdale Street frontage was begun.
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