myer exclusive brands list

Familiar. 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. 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. Walking into one of these stores today isnt a very exciting prospect for consumers today. The Movement at Myer concept will cover all aspects of sport for men, women and kid's lifestyle, fashion and footwear needs. Shares in Myer are up 14.63 per cent to $0.47 per share at . In David Jones, Studio W and Re: are brands owned by the firm's ultimate owner, South Africa's Woolworths Holdings. Join our flagship membership service, Share Advisor. Retailers have been out of favour with investors for a few years now, although that has changed recently. and exclusive brands were underway but would . While own brand is not new in department stores, they have taken longer to double down on private label compared with supermarkets. Myer Careers and Employment | Indeed.com But if you walk into a Mecca or Scotch & Soda store youre feted and given attention, and dont feel like youre a hindrance.. Copyright 2023 The New Daily. By continuing to use our site you are agreeing to our. Myer deputy chief executive Daniel Bracken is culling private label and national brands to clear floor space for new labels. 15% everything else (Cosmetics, Apparel, Handbags, Homewares etc) 50% off Full Priced Black Apparel by Myer Exclusive Brands, to wear for work. Brands | Featured Brands For Womenswear | MYER Women Top Brands Women's Top Brands All Top Brands Basque Miss Shop Piper Regatta Sunglass Hut Tokito Levi's Filter 4564 items Brand Price Sales & Offers Size Colour Product Category Product Type Bridge Fit Face Shape Lens Technology Pattern Range Tokito Double Breasted Check Blazer In Assorted $129.95 Myer and David Jones are also busily signing up exclusive brands. The top 10 drugs losing US exclusivity in 2022 | Fierce Pharma 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. Add articles to your saved list and come back to them any time. Myer has spent over $50 million purchasing a number of brands outright including Trent Nathan and Sass and Bide. . Become a MYERone Member Today & Earn 2 credits for every $1 spent at Myer. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. We are an exclusive property management company for owners of vacation properties on the Beaches of South Walton, and Destin. 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! Take a look at the top gifts she will love. Theyre trying to minimise brands that are sold in both stores, and this is just so they dont cannibalise their own sales and lessen the competition between the two, Ms Do said. Myer is Australias largest department store and has been synonymous with style and fashion for over 100 years. The companys womenswear segment was cited as a particular disappointing during the first half, especially in brands exclusively stocked by Myer. 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. After several years focusing on the high end, there is a discernable shift towards well-priced brands such as Chichi London, which Hurley said offers "value, commercial, accessible dresses" for less than $160 and it expected to perform strongly for the crucial pre-spring racing period. Equally, Sass and Bide has gone from upstart independent to wholly owned Myer brand. How Activating Brand Purpose Mobilizes Consumers and Galvanizes Eli Greenblat May 16, 2011 12.00am Save Share Normal text size Larger text size Very large text size Myer's website crashed around 6 pm as customers flocked to the site, lured by discounts of 30 to 50 per cent. The Hornsby store closed in January while refurbishments have commenced at the Myer stores in Cairns and Karrinyup, underpinned by significant landlord contributions. The big changes coming to Myer and David Jones. Sign Up for Take Stock Myer targets customers through digital and data in $600m - CMO Private label is set to play a far bigger role in the Myer and David Jones stores of the future. Myer has just re-signed Elyse Knowles as ambassador, with more talent set to join. 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. 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. We take a closer look, August 14, 2021 | Myer clears out private labels as part of brand cull. "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 Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Were sorry, this feature is currently unavailable. In March, Myer reported a small underlying jump in profits to $41.2 million. . Australia; Newsletters 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. Image: Wikimedia. Questions and Answers about Myer Benefits | Indeed.com document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Fill out the form below and click the 'Download Now' button to read the full report. Myer is Australia's largest department store group, and a market leader in Australian retailing. Mar 17, 2023 11:45am. The team are focused on mitigating the impact of delays to the planned delivery of merchandise, he said. We developed the positioning and brand name for the homewares house brand, Vue, along with a modern, elegant logo and a visual language. The platform will also feature gym . Just 12 Marcs and David Lawrence stores will be operating after the sale of the embattled fashion retailers to Myer, its administrators have confirmed. We are being more aggressive in terms of responding. If theres one thing upscale department stores are known for its big-name 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. Going forward, theyre expected to continue increasing their private label brands, which will also help with things like purchasing costs.. 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. 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 . Were sorry, this feature is currently unavailable. 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 retailer owns or stocks 66 MEBs after buying several distressed brands, such as Trent Nathan and Charlie Brown, and developing in-house labels. Catalogs. Menswear, womenswear and particularly kidswear were ripe for private label, he said, as was Manchester. Find your type. How Myer plans to reinvent its fashion business. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. 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. Northwell Health, one of the nation's largest health systems and New York's largest employer, partnered with StrawberryFrog to launch the "Raise Health" Movement, a purpose-based platform to tackle the societal ills that drive our health care issues. Myer Exclusive Brands (MEBs) mix as well as lower promotional markdowns and shrinkage. On the other hand, concession store sales fell by 5.7 percent. All times AEST (GMT +10). 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. 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. 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. The department store will continue to grow and invest in the plus size space, the representative told Retailbiz. Both chains have insisted big names will still play a critical role in their stores. Free Click & Collect. you'll receive an exclusive Myer birthday discount of $15-$30. 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. "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. Contact Details: Are you looking for. . "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. Let's look at what's ahead as the company build, February 8, 2021 | 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. You can also tailor your product to fit the market.. Rhys Brock, How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:, February 4, 2021 | 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. 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. 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 company also has enhanced exclusive supplier arrangements with a number of other brands, such as Material World by Madonna. 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. Were working to restore it. There are about 40 new brands in womenswear, spread across categories including daywear, evening, active and curve, and about 30 in menswear. 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. Please try again later. All Brands Clothing | Shop Online | MYER The company has foreshadowed another dip in sales to come in the future thanks to the exit of brands from the store. "They have a lot of brands in their stable that just don't resonate with their customers," he said. Egg farmers play down threat from cane toad of salmonella. 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. Myer did not have a sales mix target for private label and national brands, Mr Bracken said. 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. Neutral Boys. Credit: Graham Denholm. 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. Department giant Myer has reported a 37 per cent drop in first-half profit on higher costs and the exit of Apple products and Country Road brands. 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. Myer to showcase Aussie-first new and exclusive brands 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. More Lists containing Myer. 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. 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 head-first dive into own brand is being steered by another factor the weakening control department stores have over big international names. 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 | Sales of 'Myer Exclusive Brands' or private labels, however, declined 12 percent to 300.2 million Australian dollars, or $226 million. "There is a strong strategic alignment with David Jones and Sportscraft now joins both Saba and JAG, which are already exclusive to David Jones.. Amgen cuts 450 workers, cites drug pricing pressure and inflation. 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. Given these brands offer much better margins than national brands, or Myer's . Myer Properties Vacation Rentals | Myer Properties Vacation Homes 10% off Electrical, Jewellery, Food and Furniture. Were working to restore it. 0. Other brands new to Myer. Myer added more than 50 new brands such as Jack & Jones, Vero Moda, Oasis, Warehouse, Jack London, Girls on Film, Lorna Jane, Radley, DKNY, Selected Femme and Twisted Tailor last year and another 40 new brands will launch before Christmas. Register, Join the conversation, you are commenting as Logout. We will build destination categories such as accessories, and exit selected categories where Myer is less profitable," King . Lancme Absolue Soft Cream Collection 2023 | MYER A place loved by all and once you've . 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. "For us, it's about replacing it with more profitable products.". ", Women's: Veronica Beard, Ba&sh, Paper London, Lorna Jane, Warehouse, Forever New Curve, Men's: Nicce London, Dr Denim, Reebok, Mr Simple. Learn More. Nationwide News Pty Ltd 2023. "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. In the short term, theyre expected to still struggle a bit, she said. This includes Woolworths Country Road Group brands, she said. Get Started Investing Win at Retirement Name Generator. This logo can still be seen at some locations. Until 1970, Myer did not use a proper logo. Myer is Australia's largest department store group, and a market leader in Australian retailing. The brand is very customer centric and the stores offer exclusive brands and high quality services. 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. Don't have an account? Brands the department stores either owned or controlled themselves could help stem the tide. 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. 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). Find out more about our policy and your choices, including how to opt-out. While Myers private-label brands grew by 3.7 per cent, sales of its branded ranges fell by a similar amount. 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. Mothers Day 2023: 30 gift ideas to treat mum. log in. Upgrades are also planned for the Albury and Ballarat stores. We will build destination categories, such as accessories and exit . Listen to Our Podcast Having exclusive and well-designed private-label brands reduces the need to discount products. Myer is Australia's largest department store and has been synonymous with style and fashion for over 100 years. 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. All. Names that Peaked in 1912. In with the new Myer is promising new brands and better service to reinvigorate its fashion business. It has 67 stores in prime retail locations across Australia. These elements, coupled with a strong focus on customer service, provide an inspirational shopping destination for all ages. 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. 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. 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. Work will also commence at Myers Belconnen store in Canberra to reduce space, followed by a refurbishment. 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. 6 OUR CUSTOMER FIRST PLAN ' ' 10 Sales of Myer Exclusive Brands rose 1.9 per cent to $527.2 million, and now represent 17.6 per cent of total sales. Describing the influx as a "tsunami of change" at Myer, Ms Hurley also highlighted BCBG Maz Azria, known for its event wear, as well as several brands, including Y.A.S. Myer | Logopedia | Fandom Subscribe for free to get the latest breaking news and analysis sent to your inbox. It has 67 stores in prime retail locations across Australia. There was an error submitting the form. ", Myer has just re-signed Elyse Knowles as ambassador, with more talent set to join.Credit: AAP. 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. 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. 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Myer clears out private labels as part of brand cull 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. By continuing to use our site you are agreeing to our. Help using this website - Accessibility statement, women's fashion floors following a $400 million refurbishment. Peter Rae. Myer has already started to see an uptick, posting a $38.4 million half-year profit in March after announcing an annual loss of $486 million in the preceding September. 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. Over the next five years, Woolworths plans to continue boosting sales of private-label and exclusive brands to differentiate David Jones from Myer. 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. Retail outlets in Australia; Bendigo, Victoria; Victoria; Australia; 1900 . Country Road, Apple exits cut back Myer sales Myer doubles its outsourcing from China - smh.com.au Copyright 2023 The New Daily. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The store has said exclusive brands is one of its focus areas, and in 23 stores it has experimented with making the products more prominent with encouraging results on sales. Creating a Framework for Win-Win Partnerships Between Nonprofits and Myer has a range of house brands across homewares, womens apparel, mens apparel and childrens apparel. 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. All rights reserved. "We have a very clear focus on who the most valuable customer is to our business and that's what is driving us to put these new brands into our business," he said. All rights reserved. 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. She has a broader choice in market And she's more diverse in what shes spending her [money] on," she said. 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. David Jones, Myer: Department stores look to increase private label 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. You cant touch cosmetics and not electronics either. Another brand owner, who did not wish to be named, also welcomed Myer's brand clean-out. Myer targets customers through digital and data in $600m - CMO "Were investing in the pieces that have a longer lifespan.". 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. Myer has a range of house brands across homewares, women's apparel, men's apparel and children's apparel. Australia's Myer Lifts First Half Profit - WWD The homewares brand Vue involved design, photography and artwork for over 300 SKUs across 30 product categories, produced in 12 countries. Our interactive flipbook versions work on mobile phones, tablets and PC's. 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. Join the conversation with your fellow The New Daily readers and see their replies. Shopping around for high yielding ASX shares? In with the new Myer is promising new brands and better service to reinvigorate its fashion business.Credit: Eddie Jim. Mr King said improvements in womenswear and exclusive brands were underway but would not flow through until FY21. 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. While they still face some headwinds, better days could lie ahead and their dividend yields offer added appeal. You can do it. 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.
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