myer exclusive brands list

Myer, David Jones in Hot Water as Shoppers Move Online Copyright 2023 The New Daily. Myer sales down 3.8% in first half - Appliance Retailer It has 67 stores in prime retail locations across Australia. The keen interest, February 19, 2021 | Over the next five years, Woolworths plans to continue boosting sales of private-label and exclusive brands to differentiate David Jones from Myer. Join Our Premium Community Please remember that investments can go up and down. In the short term, theyre expected to still struggle a bit, she said. Updated: Myer acquires embattled fashion brands, Marcs and David - CMO This work never ends, we need to reinvigorate our stores seasonally and will constantly chase new brands so we remain at the front line of fashion in Australia., How to integrate marketplaces into your e-commerce strategy. 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. Myer chief John King revealed last week the Country Road brands generated sales of between $50 million and $100 million a year in Myer and suggested the loss might be greater for Woolworths. Hear our experts take on shares, the market & how to invest. 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. 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 | Were working to restore it. Menswear, womenswear and particularly kidswear were ripe for private label, he said, as was Manchester. Nonetheless, IBISWorlds Ms Do said since taking over DJs in 2014, Woolworths had moved away from the previous house of brands strategy. All rights reserved. Another brand owner, who did not wish to be named, also welcomed Myer's brand clean-out. Ms Do said the shift towards more exclusive brands will mean less overlap between the two and other retailers, giving each retailer its own clear product offering. Copyright 1999-2023 Myer Pty Ltd. GPO Box 2215, Melbourne VIC 3001. Catalogs | Myers Tire Supply Secondly, the department store is going to focus more heavily on its 'Only at Myer' branded category. Neutral Boys. We offer an unrivalled choice in the latest national, international and exclusive to Myer brands across women's, men's, and children's fashion, as well as accessories, cosmetics, homeware, furniture, electrical goods and much more. 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. 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. 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 reveals new sport-focused, "department store first" concept Myer is Australias largest department store and has been synonymous with style and fashion for over 100 years. 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 chief executive and managing director John King put the improvement down partially to the businesss renewed focus on exclusive brands (private label and otherwise). These elements, coupled with a strong focus on customer service, provide an inspirational shopping destination for all ages. $10. AFL appoints Andrew Dillon as next chief executive, Greenwich to sue Latham over homophobic tweet, Man in court for shocking attack on soccer referee, Indigenous Voice is wrong and potentially quite dangerous: Abbott, Watch: Paramedic farewelled, Greenwich legal action, Referee assault, Support overwhelms referee as alleged attacker jailed, NRL concedes knock-on error on crucial golden point call for Raiders, Home values rise as housing market downturn wanes, Search for missing man continues after body found, The New Daily uses cookies. You can do it. Subscribe for free to get the latest breaking news and analysis sent to your inbox. University of Tasmania marketing lecturer Dr Louise Grimmer said its a good tactic as the two businesses have lost sight of their purpose in recent years. Register, Join the conversation, you are commenting as Logout. "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.". The New Dailyasked both Myer and David Jones to confirm that the shift to house brands will mean other well-known brands will be dropped, but neither responded to this question. Restructuring, redundancies and brand losses hit Myer. Our interactive flipbook versions work on mobile phones, tablets and PC's. Myer Price/Pricing Strategy: Below is the pricing strategy in Myer marketing strategy: Myer stores offer products . We developed the positioning and brand name for the homewares house brand, Vue, along with a modern, elegant logo and a visual language. Please try again later. 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. Shopping around for high yielding ASX shares? Until 1970, Myer did not use a proper logo. 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. Myer's website crashed around 6 pm as customers flocked to the site, lured by discounts of 30 to 50 per cent. It would appear a clever move for Myer to expand its ownership and exclusive rights to high-end fashion brands such as Lisa Ho, given the higher margins which can be achieved. The Myer brand also happens to have an online website that offers all the products available at an offline store. 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. The retailer owns or stocks 66 MEBs after buying several distressed brands, such as Trent Nathan and Charlie Brown, and developing in-house labels. Luxury brands, Department stores, and 5 more. Myer Properties Vacation Rentals | Myer Properties Vacation Homes The homewares brand Vue involved design, photography and artwork for over 300 SKUs across 30 product categories, produced in 12 countries. Myer House Brands - Davidson Branding In a presentation to investors today, Myer CEO, Richard Umbers, detailed the retail group's 'New Myer' strategy, outlining four key pillars for turning the business around: Customer-led offers, wonderful experiences, omni-channel shopping and a productivity step change. 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 | 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. Amgen cuts 450 workers, cites drug pricing pressure and inflation. Peter Rae. 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. Many, but not all, are exclusive to Myer, something that has been a cornerstone of chief executive John King's strategy for reversing the company's fortunes since he took over in mid-2018. . "It will be interesting to see the impact on their business we were a significant player, particularly with Mimco and Politix the brands were diminishing over time," he said. The private label brands, or MEBs, have helped Myer differentiate its offer from David Jones and Target and have been a key driver of sales and margin growth over the past few years, with sales reaching $638 million, or 20 per cent of group sales, in 2014. Both chains have insisted big names will still play a critical role in their stores. Myer is Australia's largest department store group, and a market leader in Australian retailing. Analyze your Baby Name DNA and find the names that match your unique style. Tags. ", Myer has just re-signed Elyse Knowles as ambassador, with more talent set to join.Credit: AAP. Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article. The majority of the brands will be international labels including Selected Femme, Selected Homme, Oasis, Warehouse and Twisted Tailor. Ms Hurley explained that Mr King's "back to basics" mantra for improving Myer's fortunes didn't equate to "cheap, its not volume value. "We see good growth for those brands in this market. Until 1970, Myer did not use a proper logo. Australian fashion designers are not the only losers in Myer's brand cull. Myer to showcase Aussie-first new and exclusive brands ", Women's: Veronica Beard, Ba&sh, Paper London, Lorna Jane, Warehouse, Forever New Curve, Men's: Nicce London, Dr Denim, Reebok, Mr Simple. Find out more about our policy and your choices, including how to opt-out. No ones going to buy a Myer suit, but they might buy a Blaq suit which is the same thing, he said. Myer clears out private labels as part of brand cull. Brands. The companys online sales grew by 25.2 per cent to $168.2 million during the half but not enough to counter in-store declines. Please try again later. We take a closer look, August 14, 2021 | He said that like other retailers, Myer enjoyed a spending spike during major trading events such as Black Friday, but traffic was otherwise soft in the six months to January 25. To join the conversation, please Phone: (03) 8592 4841 Sign In / Join. The loss of the Sportscraft brand comes as Myer fills gaps in its range after losing Country Road and sister brands Mimco and Politix to David Jones. 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. Were sorry, this feature is currently unavailable. We will build destination categories such as accessories, and exit selected categories where Myer is less profitable," King . "There is a strong strategic alignment with David Jones and Sportscraft now joins both Saba and JAG, which are already exclusive to David Jones.. 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. The Motley Fool Australia operates under AFSL 400691. Dominic Lorrimer. This logo can still be seen at some locations. Work will also commence at Myers Belconnen store in Canberra to reduce space, followed by a refurbishment. Visibly revitalise your skin with the ultimate golden Soft Cream collection, to boost skin luminosity and radiance, lift and firm, and target signs of ageing. As part of its turnaround plan, Myer plans to "condense" its private label offer and introduce on-trend brands including Aje, Jack and Jones and Calvin Klein White Label, which better reflect the fashion aspirations of its customers. Focusing on private and exclusive labels is likely to help Myer and David Jones differentiate themselves from online stores, as consumers will only be able purchase certain brands from one store, said Ms Do. Comparing strategic approaches to see what strategy looks like: Myer The companys dividend continues to be suspended. 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. All Brands Clothing | Shop Online | MYER 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. On the other hand, concession store sales fell by 5.7 percent. They are globally positioned, they have a great design team and great scale we think we're well positioned with those brands as we move forward," Mr Robinson said. 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.

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