Myer Holdings (ASX:MYR) has nearly completed investment in a major IT turnaround project, but the full benefits have yet to be realised, the company said.

As part of the project Myer has installed a new merchandising system, MyMerch, to handle stock allocation.

And the company said it was well underway with the implementation of a system to manage in-store price-ticketing, and one aimed at improving the management of products’ development lifecycles.

Meanwhile, a new point of sale system will begin in mid-2010, replacing a 24-year-old legacy system. It has been designed, built and tested specifically for Myer.

A CCTV system is also being installed, and should be complete by mid-2010, the company added.