The 115-year-old retailer is looking at all its operations. It will be months before decisions are made.

There are suggestions up to 20 stores across the nation could close.

Analysts have said Myer might need to close seven to 20 stores.

Myer though will not buy into the speculation.

When asked yesterday whether it remained committed to the Albury store, it replied with a general comment via its media office.

“The business is currently conducting a strategic review of all aspects of its operations, including asset productivity,” a spokeswoman said.

“We won’t pre-empt the outcome of the review, which is due to be completed by the end of the year.”

Myer was asked a series of questions, including whether it backed its Albury store and whether regional stores were part of the review. It did not respond to them.

Myer Albury opened 33 years ago — on March 2, 1982 — in what was first known as the Myer Centre.

The adjoining Centre- point shopping centre opened three years earlier.

Myer usually has about 80 staff, rising to about 100 during the Christmas period.

The store, which in its early years had a restaurant, has expanded its electrical section greatly over the years.

It was reported this week that the Myer network would reduce to 48-60 stores.

That could mean it would lose up to $100 million a year in sales.

One outlet that it has been suggested could be earmarked for closure is Top Ryde in Sydney, just four years after it opened.

Myer has closed six stores — at Elizabeth, Fremantle, Forest Hill, Dandenong, Hurstville and Tuggeranong — with the expiry of leases.