It has reduced the threshold for free delivery to $49 per order and has relaxed its returns policy.
From Monday, approximately 10,000 staff members will lose their jobs across the country.
“As team members will not be working, they will not be paid during this period of imposed closure,” the company’s statement reads.
Instead, staff members will be given greater flexibility to access annual leave and long service leave entitlements in addition to government assistance measures.
“Our thoughts are with our team members, and their families, as we know this will be a difficult period,” Myer said.
The company said it would offer its staff free counselling and support as it made the transition, at least temporarily, to an online-only business.
This story first appeared on 7NEWS.com.au