In David Jones, Studio W and Re: are brands owned by the firms ultimate owner, South Africas Woolworths Holdings. 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. 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. 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. Please try again later. Investment news, stock ideas, and more, straight to your inbox. 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. The platform will also feature gym . Find out more about our policy and your choices, including how to opt-out. 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). As OrotonGroup (ASX: ORL) and Premier Investments (ASX: PMV) via their Smiggle brand have learned, there are salivating profits to be made. All times AEST (GMT +10). Over the next five years, Woolworths plans to continue boosting sales of private-label and exclusive brands to differentiate David Jones from Myer. More Lists containing Myer. Sign In / Join. We respectfully acknowledge the Wurundjeri people of the Kulin Nation, the Traditional Owners and Custodians of the Country on which Eastland resides. When Aldi entered the market, supermarkets thought Aussie shoppers wouldnt accept private label because it was the cheap generic version of the real deal. 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. Hear our experts take on shares, the market & how to invest. [Its a chance to] de-stock and refocus on inventory and what we really need, he said. Join the conversation with your fellow The New Daily readers and see their replies. Join Our Premium Community 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. It has 67 stores in prime retail locations across Australia. "It's very similar to what David Jones went through and our brands in David Jones have had fantastic growth since then.".
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