Retail veteran Solomon Lew is urging Myer to prove its recent claims that the department store chain's fortunes are turning around.
Mr Lew, who through investment vehicle Premier Investments is Myer's largest shareholder, says Myer should reveal its first-quarter sales numbers at its strategy day on November 1.
"Premier believes Myer needs to fully inform the market of its first-quarter sales and profit performance at its strategy day so that the market can determine whether there has been any progress made in addressing the sales and profit decline at Myer," Premier said in a statement on Monday.
The company said it has noted incoming Myer chairman Garry Hounsell's recent comment in media reports that Myer's turnaround plan is beginning to show "green shoots".
It said Premier will look to see if there are any changes to the 'New Myer' turnaround strategy.
Premier Investments bought a 10.77 per cent stake in Myer in March, which has lost more than a third of its value due to Myer's sliding share price amid its weak financial performance.
Myer is almost half-way into a five-year $600 million turnaround plan based on giving more space to popular brands, slashing private labels and shutting stores.
But last month, it posted a statutory net profit fall of 80 per cent to $11.94 million for the 2017 financial year due to writedowns and a fall in revenue.
Premier has received a list of Myer's shareholders after requesting it last month in a sign it may push for a seat on the board of the struggling department store.
Shares in Myer closed 0.67 per cent lower at 74.5 cents on Monday while Premier's shares were up slightly by two cents, or 0.15 per cent, at $13.17.
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