myer exclusive brands list

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. Join Our Premium Community 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. . 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. WELCOME TO MYER PROPERTIES. Most will be exclusively available at Myer which provides a great point of difference for our offer and gives our customers exposure to a broader range of international fashion, he said. 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. Instead, the word "Myer" written in all-capital letters was sported on its locations. In David Jones, Studio W and Re: are brands owned by the firms ultimate owner, South Africas Woolworths Holdings. Mitchell Lawler, If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,, January 20, 2021 | After revealing on Tuesday that it had deleted about 100 domestic and international brands from its 67 stores, Australia's largest department store chain started a "massive spring clean sale" on Wednesday, less than a week after wrapping up its mid-year clearance sale. document.getElementById( "ak_js_16" ).setAttribute( "value", ( new Date() ).getTime() ). 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. In Myer, own brands include Basque, Milkshake and Vue. In David Jones, Studio W and Re: are brands owned by the firm's ultimate owner, South Africa's Woolworths Holdings. Subscribe for free to get the latest breaking news and analysis sent to your inbox. Ms Hurley said improvements in the company's e-commerce systems mean Myer has also learnt which brands perform well in certain geographic zones, and can stock physical stores accordingly. 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. Department store owner Myer (ASX: MYR) is reported to be running the ruler over a purchase of high-fashion womens wear label Lisa Ho. We pay our respects to Elders past, present and emerging and acknowledge the continuing connection to land, water and community. ", Myer has just re-signed Elyse Knowles as ambassador, with more talent set to join.Credit: AAP. Join the conversation with your fellow The New Daily readers and see their replies. David Jones has culled about 180 brands from its portfolio of more than 2500 brands over the past six months, including 80 in womenswear alone, clearing floor space for brands such as Seed, FCUK, Marcs, Country Road, Trenery and Witchery and private labels Studio W and Re:. 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.. Our interactive flipbook versions work on mobile phones, tablets and PC's. Women's: Veronica Beard, Ba&sh, Paper London, Lorna Jane, Warehouse, Forever New Curve. Myer is Australias largest department store and has been synonymous with style and fashion for over 100 years. 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. 0. Mr King also said the supply chain impact of the coronavirus was being managed by teams in Hong Kong and Shanghai. Luxury brands, Department stores, and 5 more. David Jones has snared exclusive department store rights to the Sportscraft, Saba and JAG brands after signing a partnership agreement with Australian apparel group APG&CO. Add articles to your saved list and come back to them any time. from Denmark and Rodebjer, that exemplify the "modern Scandinavian" trend that's dominating the fashion world. Neutral Boys. Copyright 1999-2023 Myer Pty Ltd. GPO Box 2215, Melbourne VIC 3001. Myer has announced the launch of a new digital destination, The Movement at Myer, focused on giving customers comprehensive information and product selections in the sporting category. Sales of Myer Exclusive Brands rose 1.9 per cent to $527.2 million, and now represent 17.6 per cent of total sales. Phone: (03) 8592 4841 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. Not going to be 80: Michael J Foxs emotional admission, Related: Black Friday spending smashes retail takings, Treasury warns on full hit to economy from virus, bushfires. Its the Aldi effect. 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. They take the number of womenswear designer brands in David Jones to 200, most of which are exclusive to David Jones and not sold in Myer or specialty stores. 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. You cant touch cosmetics and not electronics either. 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. Secondly, the department store is going to focus more heavily on its 'Only at Myer' branded category. Email: [emailprotected] 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 has spent over $50 million purchasing a number of brands outright including Trent Nathan and Sass and Bide. 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. We will build destination categories such as accessories, and exit selected categories where Myer is less profitable," King . 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. Get The New Daily free every morning and evening. In the future there will be less brands you know and more brands youve never heard of. Apple products were taken off Myers shelves last May, while the company exited the Country Road brand in the first quarter of FY20. Retailers have been out of favour with investors for a few years now, although that has changed recently. Lease extension and store upgrades have also been agreed for Myer Albury and Ballarat, while the refurbishment of Myer Karrinyup has commenced and is . The majority of the brands will be international labels including Selected Femme, Selected Homme, Oasis, Warehouse and Twisted Tailor. Sales of 'Myer Exclusive Brands' or private labels, however, declined 12 percent to 300.2 million Australian dollars, or $226 million. 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. 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. Find your type. Shopping around for high yielding ASX shares? "They have a lot of brands in their stable that just don't resonate with their customers," he said. There are reports the business could be bought in a multi billions dollar deal after it first landed on Aussies shores back in 1977. How Myer plans to reinvent its fashion business. 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. Catalogs. 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. ", Women's: Veronica Beard, Ba&sh, Paper London, Lorna Jane, Warehouse, Forever New Curve, Men's: Nicce London, Dr Denim, Reebok, Mr Simple. 10% off Electrical, Jewellery, Food and Furniture. 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. Categories. No ones going to buy a Myer suit, but they might buy a Blaq suit which is the same thing, he said. People are generally tight on spending but on Black Friday they do come out, Mr King said in an analyst call on Thursday. "It's very similar to what David Jones went through and our brands in David Jones have had fantastic growth since then.". Register, Join the conversation, you are commenting as Logout. Over the next five years, Woolworths plans to continue boosting sales of private-label and exclusive brands to differentiate David Jones from Myer. The department store will continue to grow and invest in the plus size space, the representative told Retailbiz. Get The New Daily free every morning and evening. Couple of times a year (especially near . Take a look at the top gifts she will love. Total comparable store sales grew by 0.4 per cent when excluding Apple and Country Road Group sales. Retail outlets in Australia; Bendigo, Victoria; Victoria; Australia; 1900 . However, what is considered a private label is becoming a grey area. But Mr Mortimer said David Jones was likely to need less own brand than Myer as it had a clearly-defined customer demographic at the top end of the market. Investment news, stock ideas, and more, straight to your inbox. It has 67 stores in prime retail locations across Australia. But other categories, well, he wasnt so sure. While greater differentiation and higher margins on house brands are positive steps for Myer and David Jones, both still face underlying fundamental challenges, Ms Do said. 15% everything else (Cosmetics, Apparel, Handbags, Homewares etc) 50% off Full Priced Black Apparel by Myer Exclusive Brands, to wear for work. More Myer exclusive brands are joining the department store including Selected Femme, Selected Homme, Twisted Tailor, Acqua di Parma, Girls on Film, and Jack London. Unusual. Myer is at the forefront in the development of new retail concepts and experiences. "For us, it's about replacing it with more profitable products.". Restructuring, redundancies and brand losses hit Myer. 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. Past performance is not necessarily indicative of future returns. A retail analyst has said department stores are well and truly feeling the Aldi effect whereby consumers are demanding better quality and lower prices and are willing to trade in big-name brands for the privilege. 1 use today . Help using this website - Accessibility statement, women's fashion floors following a $400 million refurbishment. Shares in the company which were worth $3.05 in April 2015 before dropping 90 per cent over five years were up 1.45 per cent to 35 cents by 1020 AEDT on Thursday. While Myers private-label brands grew by 3.7 per cent, sales of its branded ranges fell by a similar amount. Myer has a range of house brands across homewares, women's apparel, men's apparel and children's apparel. 13 April, 2017 12:52. Follow the topics, people and companies that matter to you. As OrotonGroup (ASX: ORL) and Premier Investments (ASX: PMV) via their Smiggle brand have learned, there are salivating profits to be made. 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. View the status of an order by entering your order number, email address, and phone number below, One-touch access to your Member Card and redeem Rewards directly from the App. The Movement at Myer concept will cover all aspects of sport for men, women and kid's lifestyle, fashion and footwear needs. Search. Men's: Nicce London, Dr Denim, Reebok, Mr Simple. The company has foreshadowed another dip in sales to come in the future thanks to the exit of brands from the store. The chief executive of Australia Post has revealed the extreme challenges that lie ahead as the organisation struggles to turn a profit. Myer is clearing private label brands such as Piper, Regatta and Basque to make room for new labels in a reversal of the retailer's profit growth strategy over the past few years. During the second half, a major upgrade of the Sydney City ground floor and atrium will begin. Shop All Brands Clothing at Myer. Mar 17, 2023 11:45am. 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. 6 OUR CUSTOMER FIRST PLAN ' ' 10 The brands have accessible price points, on-trend designs and frequently updated ranges, a representative from Myer told Retailbiz. Myer and David Jones are also busily signing up exclusive brands. The department store has acknowledged that the mid-2010s strategy of chasing high-spending, aspirational customers had not worked, and has been re-focusing on attracting "traditional" Gen X consumers who love fashion but also demand value. 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. "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. 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 and David Jones really need to inject the fun back into retailing in their stores. Boy Names Ending in -er . As a result, the company is planning to extend its private-label range to include footwear and accessories to . Going forward, theyre expected to continue increasing their private label brands, which will also help with things like purchasing costs.. The homewares brand Vue involved design, photography and artwork for over 300 SKUs across 30 product categories, produced in 12 countries. Join the conversation with your fellow The New Daily readers and see their replies. "Theres always been areas and brands that have been slower performers. Myer clears out private labels as part of brand cull. 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. "We will invest to grow Myer exclusive brands. "Its something you have to consider introducing a brand thats so fast to market, which can also mean its faster to markdown," Ms Hurley said. "There is a strong strategic alignment with David Jones and Sportscraft now joins both Saba and JAG, which are already exclusive to David Jones.. 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 . Just 12 Marcs and David Lawrence stores will be operating after the sale of the embattled fashion retailers to Myer, its administrators have confirmed. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. He was reluctant to offer a long-term outlook but said the virus was a potential cashflow opportunity in the short term. Credit: Graham Denholm. This logo can still be seen at some locations. While Mr King pledged to end the . 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. 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. Rhys Brock, The Atomos (ASX: AMS) share price has surged 15% this week. A series of roving runways were part of a party for 1500 customers and VIPs to celebrate the relaunch of the womenswear floors at David Jones' Sydney flagship. Upgrades are also planned for the Albury and Ballarat stores. 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. 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. The Hornsby store closed in January while refurbishments have commenced at the Myer stores in Cairns and Karrinyup, underpinned by significant landlord contributions. By continuing to use our site you are agreeing to our. Tags. Learn about investing with our Investing Education hub. 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. Myer deputy chief executive Daniel Bracken is culling private label and national brands to clear floor space for new labels. Free Click & Collect. Myer has also shuttered its clearance floor concept and is targeting another 73,000 square metres of reduced floor space in coming years. 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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. Please try again. David Jones and Myer will be changing the brands on offer to customers over the next five years. Rhys Brock, How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:, February 4, 2021 | Retailbiz covers every aspect of Australias retail sector with a focus on the innovations and technologies that are driving the industry forward. As part of the Myer turn-around strategy, Davidson worked closely with Managing Director, Dawn Roberts, to help rationalise and revitalise the entire house brand portfolio. View Myer's Tire Supply selection of tire repair supplies, tire valve and hardware, tire patches, tire changing tools, equipment and back shop supplies. It also helps drive foot traffic, which can boost cross sales., N O ONES GOING TO BUY A MYER-BRAND SUIT. The collection will also include a comprehensive addition to the plus sized collection, including ONLY Carmakoma, Tokito Curve, Rebel Wilson and Juna Rose. It has 67 stores in prime retail locations across Australia. 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. Were sorry, this feature is currently unavailable. 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Myer is Australia's largest department store group, and a market leader in Australian retailing. In a move that is set to shake up the discount retail sector, Gazal has agreed to sell its 35 Trade Secret stores to global off-price retail giant TJX Companies Inc for $80 million to focus on the PVH brands. All rights reserved. Free Delivery Over $99* Order By May 3 For Mother's Day. Discover legendary Absolue this Mother's Day in a profusion of joyful gold and an exclusive blend of Grand Rose extracts. Under the terms of the deal, the ASX-listed department . Boy Names Ending in R. One Syllable Names for Boys. Allan Winstanley, chief merchandise officer at Myer said the collection will see a number of labels on show for the first time ever in Australia. Stripping these costs out, net profit climbed 0.4 per cent to a still-underwhelming $41.5 million. 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. 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. "We'll focus on what is the right offer for our customers and how much real estate do they need and what productivity levels are needed to drive the right outcome for Myer.". Gazal Corp chief executive Patrick Robinson welcomed Myer's new strategy, saying it represented a growth opportunity for some of the brands in Gazal's joint venture with PVH Inc, especially Calvin Klein White Label. The staff discount applies to full price and discounted merchandise: 20% off any brand exclusive to Myer. We also have a tradition of providing customer entertainment through vibrant in-store theatre from glamorous fashion parades, to appearances by much-loved children's characters, celebrities and sporting personalities. More Lists containing Myer. Private label is a way to ensure shoppers have to walk through the door or head to your website to buy the product. Australian fashion designers are not the only losers in Myer's brand cull. Our friendly customer service team will happily get back to you as soon as they can. Join our flagship membership service, Share Advisor. 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. Given these brands offer much better margins than national brands, or Myer's . Rhys Brock, It's been a volatile year so far for the Aussie nursery retailer. August 27, 2021 | MYER IS AUSTRALIAS LARGEST DEPARTMENT STORE GROUP AND HAS BEEN SYNONYMOUS WITH STYLE AND FASHION FOR OVER 100 YEARS, VUE HAS GROWN TO BECOME ONE OF MYERS LARGEST AND MOST SUCCESSFUL BRANDS. How Activating Brand Purpose Mobilizes Consumers and Galvanizes Teammates to Drive Positive Societal Change April 27, 2023. Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article. In active we are expanding Jaggad, BOD by Rachel Finch and Adidas.All these brands are department store exclusives to Myer, the spokesperson said.

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