Megamart is an Australian chain of stores owned by Harvey Norman that sells electrical goods and furniture. It was a sub-store of department store chain Myer, so it was also known as Megamart Your Mega Electrical & Furniture Store by Myer. Some Megamarts were bigger than smaller Myer stores.
 Megamart logo | |
| Type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1998 |
Number of locations | 4 stores (2026) |
| Parent | Harvey Norman |
History
editIn September 1998, Coles Myer open the first Megamart store in Coorparoo, Queensland.[1] By April 2001, there were three stores.[2] 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.[3]
In November 2005, Coles Myer announced it would shut down the Megamart business due to poor performance. 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."[3]
All nine Megamart stores stopped trading on 13 November 2005. Six stores were bought out by Harvey Norman[4] while the remaining three were bought by Clive Peeters (which was soon purchased by Harvey Norman itself). As of 2026 only 4 stores exist located in Chadstone. Narre Warren. Sunshine and Thomastown all in Victoria. It is also known as Megamart Your Mega Electrical & Furniture Store by Harvey Norman
See also
editReferences
edit- ↑ Evans, Simon (2005-08-22). "Super A-Mart joins list of suitors for Megamart". Australian Financial Review. Retrieved 2025-11-11.
- ↑ Evans, Simon (2001-04-04). "Megamart goes it alone". Australian Financial Review. Retrieved 2025-11-11.
- 1 2 McMahon, Stephen (10 November 2005). "Coles Myer kills off Megamart". The Sydney Morning Herald. Archived from the original on 17 August 2013. Retrieved 31 August 2013.
- ↑ "Harvey Norman buys Megamart". The Sydney Morning Herald. 9 November 2005. Archived from the original on 24 October 2012. Retrieved 31 August 2013.