In David Jones, Studio W and Re: are brands owned by the firms ultimate owner, South Africas Woolworths Holdings. The Hornsby store closed in January while refurbishments have commenced at the Myer stores in Cairns and Karrinyup, underpinned by significant landlord contributions. Mar 17, 2023 11:45am. In with the new Myer is promising new brands and better service to reinvigorate its fashion business. Myer Careers and Employment | Indeed.com Myer, David Jones in Hot Water as Shoppers Move Online Categories. But Dr Grimmer said the success of a shift to private labels will hinge on how well the retail titans can communicate the changes to their customers many of whom have already turned their backs on them. Myer did not have a sales mix target for private label and national brands, Mr Bracken said. Instead, the word "Myer" written in all-capital letters was sported on its locations. For apparel brands Basque, Urbane, Soho and Blaq we developed logos and visual languages to talk to niche consumers. The Myer brand also happens to have an online website that offers all the products available at an offline store. Add articles to your saved list and come back to them any time. The company booked a net $15.2 million in first-half costs associated with brand exits, clearance floor closures, and redundancy payouts after the company cut 35 head office staff in January. "It's fair to say that our brand reduction is across all our product categories and across all our channels to market, whether they are wholesale, whether they be a hybrid concession, whether they be private label," Mr Bracken told Fairfax Media. And despite leaching several brands to its main competitor, David Jones, Myer has secured Australian labels including Hansen & Gretel, Atoir, Husk, and Pfeiffer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Both department store chains have been struggling to grow topline sales but Myer managed to lift earnings by 3.1 per cent in 2019 mainly by slashing costs while David Jones' earnings plunged 42 per cent. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_6" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report on MARKETING TO MILLENNIALS. Search. Another brand owner, who did not wish to be named, also welcomed Myer's brand clean-out. The department store will continue to grow and invest in the plus size space, the representative told Retailbiz. Some of the best beaches and communities in Florida are found on the 28 mile stretch of Highway 30A, in South Walton and in the beaches west to Destin. Name Generator. But with growth in department stores basically non-existent, margins and profits shrinking and wary consumers closing their wallets, the two venerable companies are taking drastic action. Myer has spent over $50 million purchasing a number of brands outright including Trent Nathan and Sass and Bide. PDF Annual Report 2019 Sep 13, 2019 - 10.00am. Mr Mortimer said there was only upside for retailers with private label: By owning the intellectual property of the brand and not dealing with the manufacturer or distributor you can generate more margin or, alternatively, lower prices. The staff discount applies to full price and discounted merchandise: 20% off any brand exclusive to Myer 10% off Electrical, Jewellery, Food and Furniture 15% everything else (Cosmetics, Apparel, Handbags, Homewares etc) 50% off Full Priced Black Apparel by Myer Exclusive Brands, to wear for work Couple of times a year (especially near Christmas), the big cosmetic brands (Dior, Estee Lauder . But QUT retail guru Gary Mortimer told news.com.au that while private label could be easy to spot in supermarkets just look for the Coles or Woolies brands in department stores it was far tricker. Until 1970, Myer did not use a proper logo. Country Road, Mimco and Politix are owned by David Jones' parent, Woolworths Holdings, and were pulled out of Myer last month in favour of an exclusive relationship with David Jones. Myer will stop discounting - getting rid of clearance floors by mid-2019 - reduce floor space, and focus on exclusive brands, as it fights to come back from a shocking near $500 million loss in the year to June 2018. . An analysis by market researchers IBISWorld said revenue at department stores was likely to remain stagnant, which has turbocharged the push by David Jones and Myer into private label. Boy Names Ending in R. One Syllable Names for Boys. ", Myer has just re-signed Elyse Knowles as ambassador, with more talent set to join.Credit: AAP. Mr King said improvements in womenswear and exclusive brands were underway but would not flow through until FY21. Analyze your Baby Name DNA and find the names that match your unique style. 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The battle between David Jones and Myer for exclusive brands shows no signs of easing even as the department store chains chase consumers at different ends of the market . Myer doubles its outsourcing from China Business This was published 11 years ago Myer doubles its outsourcing from China Myer will nearly double its direct outsourcing of fashion, homewares and merchandise from China to $200 million.