Tag: Myer

Retail Asia19/11/2019
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3min0
Myer once again has launched a technology-fuelled Christmas campaign, with this year’s campaign including a bluetooth-enabled stocking and online hub where Aussie kids can write a letter to Santa, create a wish list (which parents can share with friends and family) and track the whereabouts of Santa on Christmas Eve. The “Christmas is where we […]

Retail Asia05/11/2019
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2min0
Myer on Friday opened the doors to a refurbished homewares and electronics department in its Sydney CBD store. The new floor contains 20 shop-in-shop concepts from leading brands, including Scanpan, Le Creuset, Delonghi, Breville, Riedel, Fissler, Salt & Pepper, Maxwell & Williams, and Coles & Mason, as well as the world’s largest shop-in-shop from Dyson. […]

Retail Asia28/06/2019
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Department store Myer will be implementing buy now, pay later service Afterpay in-store in 2020, in an effort to incentivise the 2.7 million active Afterpay customers to visit its retail locations. “Our customers have responded positively to the Afterpay offering since we launched it online in April 2017,” Myer general manager for financial services Spencer […]

Retail Asia20/06/2019
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Myer has announced it will keep its Westfield Belconnen, ACT store open, after stating in 2017 that it would close this year, due to a new lease agreement with Scentre Group. The agreement will see the stores’ scope narrowed, dropping from 3 floors to 2, over 12,000sqm of retail space and will be refurbished with […]

Retail Asia08/03/2019
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4min0
Myer’s move to reduce discounting and cut operating costs, while focusing on online sales and exclusive brands, had a positive impact on earnings in the first half of FY19, driving a 3.1 per cent increase in NPAT and 99bps improvement in gross margin. But some remain sceptical that these changes will be enough to drive […]

Retail Asia16/05/2018
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5min0
Myer has warned that its fourth quarter profits may be impacted by lower sales on its winter ranges following an unusually warm start to the cold season. The struggling department store said on Wednesday that its third quarter sales declined by 2.7 per cent to $635.3 million, ahead of analyst expectations. Sales declined 3.1 per […]

Retail Asia20/04/2018
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4min0
In 2009, when former Myer CEO Bernie Brookes listed the department store on the Australian stock exchange, Myer was ranked as one of the top 10 most reputable companies in Australia. Today, of the 60 companies ranked on the Australian Corporate Reputation Index, it is ranked 45th. The Reputation Institute’s Index, the 2018 edition of […]

Retail Asia06/04/2018
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2min0
Myer’s share price has shot up 8.7 per cent in early Friday trading as reports swirl that rival David Jones is considering acquiring the department store. Reports this morning in The Australian cite the confidence of market sources that DJs parent Woolworths Holdings is looking seriously at a potential acquisition given Myer’s current market value […]

Retail Asia26/12/2017
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2min0
Administrators for rescued retail chains Marcs and David Lawrence have paid out all employees affected by the company’s transition to new ownership. Deed administrator Rodgers Reidy said M. Webster Holdings, which formerly traded as Marcs and David Lawrence, paid a distribution to the employees of the company representing payment in full of employee entitlements. “While […]

Retail Asia02/11/2017
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6min0
Myer is committed to dedicated clearance floors in its department stores despite major shareholder Solomon Lew fuming that the old stock would be more at home in a Salvation Army op shop. Myer executive Tony Sutton told investors at Wednesday’s strategy day that the clearance floors represented a foray into the $4.6 billion “off-price” retail […]

Retail Asia25/10/2017
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2min0
Department store retailer Myer has responded to the broadside delivered by veteran and chairman of Premier Investments yesterday, asserting its “disappointment”. Yesterday, Premier released a statement which ruled out making a takeover offer for Myer and again reiterated that it will be monitoring the Myer “strategy day” on November 1 “very closely”. Premier again called upon the company […]

Retail Asia31/08/2017
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3min0
Myer will stock Amazon Kindle products in its store and online, after the retailers today announced a new partnership. Amazon’s heavily-speculatedventure into Australia, alongside a host of other international brands now entering the market, have been posed as major risks by analysts to the 117 year old department store chain retailer, amid CEO Richard Umbers’ ambitious turnaround plan for […]

Retail Asia29/08/2017
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4min0
Millers, Katies and Rivers owner Specialty Fashion has almost quadrupled its full-year loss to $8.39 million, from last year’s $2.19 million, amid subdued consumer spending. Revenue fell 2.1 per cent to $808.9 million for the 12 months to June 30 with comparable sales down two per cent on a year ago due to heavy discounting. […]

Retail Asia18/07/2017
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3min0
At the time of writing, the company still lists the concessions on its website, but local reports said that there is little sign the brand had ever been there inside the 17 Myer stores that carried the women’s and men’s brands. The news comes just a few days after it emerged that the Australian Topshop/Topman administrators are […]

Retail Asia05/06/2017
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Australia’s retail sales saw a surprise uptick in April, on the back of a revenue rebound across department stores, including David Jones and Myer, and strong sales in cafes and restaurants. According to the data released by the Australian Bureau of Statistics (ABS), retail spending rose 1 per cent – the biggest monthly gain in […]


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