myer exclusive brands list

and exclusive brands were underway but would . Find out more about our policy and your choices, including how to opt-out. Myer chief executive John King says a 3.8 per cent reduction in sales to $1.6 billion can be explained by several factors including a continued focus on profitability, the departure of Apple and the Country Road Group brands, and issues with the womenswear department Were sorry, this feature is currently unavailable. The result, according to womenswear category manager ClareHurley, is the introduction of a suite of new brands, as well as greater ability to "rationalise" brands that are not performing to expectation. Many of the brands being offered by department stores can just as easily be purchased from high street specialty stores, Dr Grimmer said, and thats a problem because the specialty stores offer a better customer experience. August 27, 2021 | Boy Names Ending in -er . In this video, the V Foundation presented a five-step framework it uses to build the transformational partnerships with for-profit brands that have generated more than $185 million to support cancer research. Myer clears out private labels as part of brand cull. The refurbishment of the Myer Cairns and Belconnen stores is due to be completed by November 2020 with an enhanced appearance, layout, adjacencies and introduction of new and exclusive brands. Myer MD of merchandising and marketing, Daniel Bracken, then outlined a shopping list of priorities to investors to support its more targeted customer efforts.This included a better balance of premium third-party and Myer exclusive brands, cross-departmental selling, localisation of merchandise based on geographic location, experience-led in-store improvements. Nationwide News Pty Ltd 2023. However, Myer's new chief executive Richard Umbers and deputy chief executive and chief merchandise and marketing officer Daniel Bracken believe the private label range has grown too fast and occupies too much space in Myer's stores. But if you walk into a Mecca or Scotch & Soda store youre feted and given attention, and dont feel like youre a hindrance.. Myer is undergoing the biggest pivot in four years by introducing new brands and honing its customer focus in a bid to resurrect its fashion business. 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. Myer is set to continue to review its fashion range in a bid to stay at the forefront of the worlds fashion trends, according to Mr Winstanley. A place loved by all and once you've . Some of the Myer house brands include Blaq apparel and Vue homewares, while David Jones offers a range of products under its eponymous label, among others. There was an error submitting the form. The store recently re-signed 27-year-old model and The Block winner Elyse Knowles, and is set to announce another new face in coming weeks. All rights reserved. The team are focused on mitigating the impact of delays to the planned delivery of merchandise, he said. Retailbiz covers every aspect of Australias retail sector with a focus on the innovations and technologies that are driving the industry forward. Myer considering a purchase of high-fashion label Lisa Ho. The platform will also feature gym . We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. In an industry known for its transience, the Myer House Brands have proven to be long-lived and successful; with Vue growing to become one of Myers largest and most successful brands. Other brands new to Myer. Eli Greenblat May 16, 2011 12.00am Save Share Normal text size Larger text size Very large text size For more information please see our Financial Services Guide. Take a look at the top gifts she will love. Add articles to your saved list and come back to them any time. 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 . Image: Wikimedia. We are being more aggressive in terms of responding. Mr King said improvements in womenswear and exclusive brands were underway but would not flow through until FY21. The danger, said Mr Mortimer, was that in an effort to boost own brands, DJs and particularly Myer could end up looking like a more expensive version of Target, while Zara and H&Ms ability to spot a trend and see it on shelves within weeks would also be hard to replicate. If you are going to spend $400 on Ted Baker clothes, for instance, youre better off going to a Ted Baker store and getting excellent service and knowledge rather than a department store where the staff are selling lots of different brands.. There are reports the business could be bought in a multi billions dollar deal after it first landed on Aussies shores back in 1977. Myer struck an agreement to acquire the two brands from the administrator for an undisclosed sum on 12 April. What Aldi has demonstrated is that private label products can be as good as the national brand product theyve legitimised private label, said Mr Mortimer. Australia; Newsletters Please try again later. Peter Rae. CEO Bernie Brooks and his team at Myer have put their primary focus on sales growth, which is a different strategy to CEO Paul Zahras over at competitor David Jones (ASX: DJS), who has focused first and foremost on gross profit margin. Myer is at the forefront in the development of new retail concepts and experiences. The homewares brand Vue involved design, photography and artwork for over 300 SKUs across 30 product categories, produced in 12 countries. Going forward, theyre expected to continue increasing their private label brands, which will also help with things like purchasing costs.. IBISWorld predicts the nations department store sector will experience an annualised rate of growth of 1.1 per cent over the next five years an improvement on the past five years of declines, but still only a crawl. While Myers private-label brands grew by 3.7 per cent, sales of its branded ranges fell by a similar amount. Brands the department stores either owned or controlled themselves could help stem the tide. Subscribe for free to get the latest breaking news and analysis sent to your inbox. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. But while fashion might be ripe for a department store own-brand takeover, there are several categories where brands reign supreme and likely will do for some time. Department giant Myer has reported a 37 per cent drop in first-half profit, weighed down by restructuring cost, redundancies and the exit of Apple products and Country Road Group brands. It has 67 stores in prime retail locations across Australia. No ones going to buy a Myer suit, but they might buy a Blaq suit which is the same thing, he said. Popular. Having exclusive and well-designed private-label brands reduces the need to discount products. document.getElementById( "ak_js_17" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report on THE AUSTRALIAN HEALTHY FOODS REPORT 2023. Search for product or brand Clear. Unusual. To join the conversation, please Mothers Day 2023: 30 gift ideas to treat mum. While Mr King pledged to end the era of perpetual discounting, Myer is taking some risk by launching "rapid-fashion" brand Misguided, which is known in the industry for being "fastest to market" with trends. Subscribe for free to get the latest breaking news and analysis sent to your inbox. Once you could only buy Chanel at Myer and DJs; now they are setting up flagship stores in Australia, and thats a problem, said Mr Mortimer. The partnership will come as a major blow to Myer, as Sportscraft is one of the retailer's largest national brands, with more than 550 products across womenswear, menswear and accessories. TO MAKE THE WORLD We will build destination categories such as accessories, and exit selected categories where Myer is less profitable," King . More Lists containing Myer. By clicking this button, you agree to our, 3 ASX stocks to buy now to get rich later, Why this fund manager is worried about the sustainability of bank dividends, Heres why I might buy these 2 beaten-up share bargains, Beat the banks with these high-dividend-paying stocks. Lease extension and store upgrades have also been agreed for Myer Albury and Ballarat, while the refurbishment of Myer Karrinyup has commenced and is . Myer did not have a sales mix target for private label and national brands, Mr Bracken said. Total sales of MEBs increased by 1.9% to $527.2 million, now representing 17.6% of total sales as a result of improved merchandise ' AA AM 2019 2019 2019. "Were investing in the pieces that have a longer lifespan.". Please try again. Search. It also helps drive foot traffic, which can boost cross sales., N O ONES GOING TO BUY A MYER-BRAND SUIT. The staff discount applies to full price and discounted merchandise: 20% off any brand exclusive to Myer. Myer's private label brands, including Piper, Basque, Regatta, Chloe and Lola, Trent Nathan, Wayne by Wayne Cooper, Charlie Brown, Howard Showers, Miss Shop and L Liso Ho, featured in the list of heavily discounted apparel and footwear brands. Nikhil Gangaram, Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. Sebastian Bowen, News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January. Don't have an account? 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. She has a broader choice in market And she's more diverse in what shes spending her [money] on," she said. Women's: Veronica Beard, Ba&sh, Paper London, Lorna Jane, Warehouse, Forever New Curve. I agree to the privacy policy and wish to receive Eastland's newsletter containing the latest news and offers. Get The New Daily free every morning and evening. The company also has enhanced exclusive supplier arrangements with a number of other brands, such as Material World by Madonna. Myer and David Jones really need to inject the fun back into retailing in their stores. Equally, Sass and Bide has gone from upstart independent to wholly owned Myer brand. We are an exclusive property management company for owners of vacation properties on the Beaches of South Walton, and Destin. Get Deal . Myer is Australia's largest department store and has been synonymous with style and fashion for over 100 years. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. On Thursday, the value of David Jones dropped by $437 million to $985 million due to a "retail recession", according to its owner, South African company Woolworths Holdings. 13 April, 2017 12:52. Join Our Premium Community Our interactive flipbook versions work on mobile phones, tablets and PC's. The collection will also include a comprehensive addition to the plus sized collection, including ONLY Carmakoma, Tokito Curve, Rebel Wilson and Juna Rose. WELCOME TO MYER PROPERTIES. Myer chief executive and managing director John King put the improvement down partially to the businesss renewed focus on exclusive brands (private label and otherwise). Catalogs. Myer has spent over $50 million purchasing a number of brands outright including Trent Nathan and Sass and Bide. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Lisa Ho, which has suffered trading difficulties and recently entered voluntary administration, could be a sensible addition to Myers expanding portfolio of acquired brands. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report on THE POWER OF LOVE. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Myers half-year result to the end of January showed private and exclusive labels accounted for $292.2 million worth of revenue, or around 17 per cent of sales. Department stores' identity crisis. Dominic Lorrimer. 10% off Electrical, Jewellery, Food and Furniture. Myer deputy chief executive Daniel Bracken is culling private label and national brands to clear floor space for new labels. It has 67 stores in prime retail locations across Australia. Tags. For a lot of these new international brands it will be the first time that they are available in a physical retail store within Australia. Past performance is not necessarily indicative of future returns. "Piper is a good private label brand but we may have extended it into too many sub-categories [and] the same could be said of Basque.". In Myer, own brands include Basque, Milkshake and Vue. Stripping these costs out, net profit climbed 0.4 per cent to a still-underwhelming $41.5 million. For apparel brands Basque, Urbane, Soho and Blaq we developed logos and visual languages to talk to niche consumers. "There is a strong strategic alignment with David Jones and Sportscraft now joins both Saba and JAG, which are already exclusive to David Jones.. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. By continuing to use our site you are agreeing to our. "They have a lot of brands in their stable that just don't resonate with their customers," he said. Win at Retirement By continuing to use our site you are agreeing to our. Phone: (03) 8592 4841 Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Myer is Australia's largest department store group, and a market leader in Australian retailing. "As part of the Customer First Plan, Myer is constantly reviewing every aspect of its brand and product mix to ensure we are adding new, exclusive, productive and in-demand brands to our stores and online," a Myer spokesman said. document.getElementById( "ak_js_7" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report on THE FUTURE OF HEALTHY FOOD. Add articles to your saved list and come back to them any time. Myer is one of more than 70 Australian retailers, suppliers and vendors who are members of the RFID Coalition, formed almost three years ago by GS1 Australia to accelerate the take-up of the. Department stores are in a battle for survival, and theres a risk the new trick up their sleeve could turn them into just an expensive Target. document.getElementById( "ak_js_10" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below to book a complimentary session on building consumer trust with our strategy experts today! After relaunching its women's fashion floors following a $400 million refurbishment of the Elizabeth Street store, David Jones is adding more than 65 exclusive new brands to its range including Toni Maticevski, Balmain, Roksanda, Johanna Ortiz, Tibi, Ganni and Carolina Herrera. Shopping around for high yielding ASX shares? You might go to DJs for Superdry and head home with Studio W. The question is, will consumers care? 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Rhys Brock, If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option, February 24, 2021 | Myer is in a position to "grow our Myer Exclusive brands", which was at 50 at 2011 reporting time complementing the other 2,400 brands for a "whole of home" solution. Until 1970, Myer did not use a proper logo. Investment news, stock ideas, and more, straight to your inbox. We will build destination categories, such as accessories and exit . Credit: Graham Denholm. Familiar. If theres one thing upscale department stores are known for its big-name brands. document.getElementById( "ak_js_9" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report on THE FUTURE OF FMCG. Both chains have insisted big names will still play a critical role in their stores. document.getElementById( "ak_js_11" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_12" ).setAttribute( "value", ( new Date() ).getTime() ); For further insight into how best to prepare your business, fill out the form below to book a complimentary 30-minute Strategy Call with myself, Grant Davidson. If you look at these department stores, particularly David Jones, theyve struggled over the past few years with trying to position themselves and work out what it is theyre offering, and who theyre offering it to, she said. There are about 40 new brands in womenswear, spread across categories including daywear, evening, active and curve, and about 30 in menswear. The company also has enhanced exclusive supplier arrangements with a number of other brands, such as Material World by Madonna. Myer flagged the addition of more than 20 Only at Myer Brands (which includes their private label and exclusive brands) in its March half-year report. Please try again later. document.getElementById( "ak_js_15" ).setAttribute( "value", ( new Date() ).getTime() ); Download the full report to learn about the 12 strategies that will show you how you can prepare your business to survive and thrive through a recession. Work will also commence at Myers Belconnen store in Canberra to reduce space, followed by a refurbishment. Scope of rollout included brand positioning, identity design, packaging design, point of sale, signage, ticketing and labelling, and brand standards documentation. I cant tell you what the future holds; were trying to drive online as hard as we can because if people are scared to come out, hey, they can shop at home, Mr King said. ", Women's: Veronica Beard, Ba&sh, Paper London, Lorna Jane, Warehouse, Forever New Curve, Men's: Nicce London, Dr Denim, Reebok, Mr Simple. $10. Rhys Brock, How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:, February 4, 2021 | Over time they had become tired, dated and had lost relevance with consumers. You can head into Myer and David Jones and come out smelling of Chanel, tottering on Louboutins and piled high with Polo by Ralph Lauren. More new brands set to feature nationwide are Paper London, Alice & Olivia, Torrance, Proenza Schouler White Label, Karl Largerfeld Paris, Rotate Birger Christensen, Aeryn and Fiorucci. Indeed, DJs fancy new shoe heaven floor at its Sydney CBD flagship store boasts Jimmy Choo, Louboutin and Balenciaga. A store like Mecca, for example, has an incredible loyalty program as well, and I think the department stores just cant match the atmosphere or the offering of those specialist stores, she said. 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Join the conversation with your fellow The New Daily readers and see their replies. 15% everything else (Cosmetics, Apparel, Handbags, Homewares etc) 50% off Full Priced Black Apparel by Myer Exclusive Brands, to wear for work. Private label is a way to ensure shoppers have to walk through the door or head to your website to buy the product. As OrotonGroup (ASX: ORL) and Premier Investments (ASX: PMV) via their Smiggle brand have learned, there are salivating profits to be made. document.getElementById( "ak_js_14" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report on RETAIL OF THE FUTURE. 6 OUR CUSTOMER FIRST PLAN ' ' 10 "The decision by Woolworths Holdings has allowed Myer to recalibrate its range to new and exclusive brands, which should support sales, while the focus on Myer exclusive brands achieving 20 per cent of sales should expand gross margins," JP Morgan analyst Shaun Cousins said in a report last week. Although sales have been the key objective, presentations by Myer show that improvements in the gross margin have been driven by a focus on increased sales of exclusive brands items. Few people would see Country Road or Witchery as an own brand, yet they too are owned by Woolworths, and the company is ripping the names out of Myer so DJs can say its the only department store hosting the fashion names. The retailer owns or stocks 66 MEBs after buying several distressed brands, such as Trent Nathan and Charlie Brown, and developing in-house labels. In with the new Myer is promising new brands and better service to reinvigorate its fashion business. Restructuring, redundancies and brand losses hit Myer. Rhys Brock, The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July., January 29, 2021 | Some of the local names set to feature in the range include Torrance, Nique, Kappa, Fila, Dr Denim and Jack London, while some of the youth brands include Girls on Film, Warehouse and Oasis out of the UK.

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