Latest news with #Myer
The Age
a day ago
- Business
- The Age
Nail bars, trendy brands: 125-year-old department store Myer promises major facelift
Flashy store displays, on-trend beauty and clothing labels, blow-dry services: these are features that Myer is promising Australians as it plots to turn around its reputation for being a decaying department store that only caters to older shoppers. In a presentation blitz to investors on Wednesday, the first strategy day Myer has held since 2017, chief executive Olivia Wirth offered a glimpse into the work under way to win over younger customers and position the 125-year-old chain as the go-to retailer for the next generation of shoppers. Wirth, who is nearing the one-year mark in her first CEO job, after nearly 15 years at Qantas, used her speech to set the tone for the company's 'transformation journey' for the next three to five years: no looking back. 'We were no longer hitting the mark in a number of product, brand and customer categories, including our exclusive brands,' she said on Wednesday morning. 'It is no exaggeration to suggest Myer's future would be at risk over the long term if we had continued on the path we were on. 'By knowing our customer, we are better placed to meet their needs, and I know that sounds obvious, but it's not something we have been doing.' Here are the changes you can expect to see at a Myer department store near you: Younger shoppers targeted; trendier brands brought in Myer's biggest customer base is those 44 to 59 years of age, representing 30 per cent of their shoppers. It is 'under-indexed with 31 to 49-year-olds,' and just one in five Myer shoppers are under 30 years old.
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
Nail bars, trendy brands: 125-year-old department store Myer promises major facelift
Flashy store displays, on-trend beauty and clothing labels, blow-dry services: these are features that Myer is promising Australians as it plots to turn around its reputation for being a decaying department store that only caters to older shoppers. In a presentation blitz to investors on Wednesday, the first strategy day Myer has held since 2017, chief executive Olivia Wirth offered a glimpse into the work under way to win over younger customers and position the 125-year-old chain as the go-to retailer for the next generation of shoppers. Wirth, who is nearing the one-year mark in her first CEO job, after nearly 15 years at Qantas, used her speech to set the tone for the company's 'transformation journey' for the next three to five years: no looking back. 'We were no longer hitting the mark in a number of product, brand and customer categories, including our exclusive brands,' she said on Wednesday morning. 'It is no exaggeration to suggest Myer's future would be at risk over the long term if we had continued on the path we were on. 'By knowing our customer, we are better placed to meet their needs, and I know that sounds obvious, but it's not something we have been doing.' Here are the changes you can expect to see at a Myer department store near you: Younger shoppers targeted; trendier brands brought in Myer's biggest customer base is those 44 to 59 years of age, representing 30 per cent of their shoppers. It is 'under-indexed with 31 to 49-year-olds,' and just one in five Myer shoppers are under 30 years old.
7NEWS
a day ago
- Entertainment
- 7NEWS
Lululemon surprises shoppers with incredible markdown on viral Align collection
Crowd-favourite activewear brand Lululemon just announced their infamous mid-year sale, a rare chance to nab their best-selling styles for less. Home to the sought-after Align tight — a soft and buttery flattering fit loved across the globe — the brand is leading the charge when it comes to trending athleisure. Thanks to the incredible markdowns on offer, you can get your hands on a whole new active fit without breaking the bank. Know the news with the 7NEWS app: Download today We've got our eye on a few winter essentials like the Scuba Oversized Funnel Neck Half Zip (down to $119) and the Softstreme High-Rise Wide Leg Pique Pant (down to $99). As well as best-selling tops and bottoms, there's also plenty of accessories marked down too including the trending Two-Tone Canvas Mini Tote Bag (down to $64) and the must-have 3mm Yoga Mat (down to $79). Here's everything we're loving and lusting over in Lululemon's mid-year sale. Lululemon surprises shoppers with incredible markdown on viral Align collection. Credit: Instagram Women's tops Scuba Oversized Funnel-Neck Half Zip, was $149 now $119 Align Asymmetrical Tank Top, was $99 now $29 Racerback High-Neck Longline Train Bra, was $89 now $64 Rain Rebel Jacket, was $279 now $224 Energy Longline Bra Medium Support, was $79 now $64 Women's bottoms Tightest Stuff Reflective High-Rise Tight 25', was $159 now $84 Softstreme High-Rise Wide Leg Pique Pant, was $179 now $99 Luxtreme Slim-Fit Pull-On Mid-Rise Cropped Pant, was $139 now $99 Align High-Rise Short 6', was $79 now $39 Everlux Zip-Leg High-Rise Track Pant, was $179 now $124 Women's Accessories Two -Tone Canvas Mini Tote Bag, was $129 now $64 Unisex Daily Essential Tab Socks, was $45 now $24 Back to Life Sport Bottle, was $69 now $49 3mm Yoga Mat, was $99 now $79 Lift and Lengthen Yoga Block, was $29 now $19 Sheike just dropped a huge 50 per cent off sale in time for Euro summer Credit: Instagram Shop more fashion deals: AJE - 25 per cent off all sale items. Forcast - 25 per cent off knits, coats and jackets. Myer - Up to 40 per cent off women's shoes including Hush Puppies and Dr Marten at Myer. Myer- Up to 40 cent off women's handbags from Radley, Calvin Klein and more at Myer. Ganni - Up to 70 per cent off clothing at The Outnet. Gorman - 20 to 50 per cent off storewide. The Iconic - Up to 60 per cent off designer clearance at The Iconic. The Outnet - Up to 65 per cent off Ganni. Lululemon - Mid year sale across tops, bottoms, accessories and shoes. Oodie - Oodie originals from $49. Uniqlo - Take $10 off best-selling sweatshirts and long sleeve tees. Sportscraft - 25 per cent off jackets, denim and pants. Sportsgirl - Nothing over $50 sale. Saba - 25 per cent off coats, jackets and knits. Sheike - 50 per cent off sitewide. Shona Joy - Shop the archive sale featuring bridal, bridesmaids, eventwear and one-off samples with nothing over $60 from May 29 to 30. Head to Harcourt Business Park. Unit 9, 135 Dunning Avenue Rosebery NSW 2018. Tommy Hilfiger - 30 per cent off sitewide. Viktoria & Woods - Take an extra 20 per cent off across sale items.
AU Financial Review
a day ago
- Business
- AU Financial Review
Myer sees opportunity in turning department store into loyalty giant
Myer one's loyalty program will expand with different status tiers and allow members to earn and spend points outside the retailer's own network as the department store giant attempts to build a powerhouse scheme that mirrors the Qantas frequent flyer program once run by its executive chairwoman. Olivia Wirth was appointed to run Myer last year after turning Qantas Loyalty into a profit engine for the airline. Earlier this year, she sealed the deal to acquire a number of clothing brands – from Just Jeans to Jay Jays, Dotti and Portmans – from ASX-listed Premier Investments.
ABC News
a day ago
- Business
- ABC News
Sidney Myer's grandson urges retail giant to refurbish Bendigo store
As the Myer retail chain faces a major shake-up under businessman Solomon Lew, residents in the regional city where Myer was born have called on the company to give its original store some love. Australia's first Myer department store opened in Bendigo's Pall Mall 125 years ago, in 1900, 11 years before the doors swung open at its flagship Melbourne Bourke Street base. It was the launch pad for what has become one of Australia's most recognised brands, with 56 stores across the country. But step inside the Bendigo Myer store and it is easy to see why rumours about its future are circling around town. Peeling linoleum floors are patched up with duct tape, and plaster crumbles from the walls. Bendigo Historical Society former president Jim Evans said residents had always been proud of Myer's presence in town, but the facade of the historic building was falling apart, and the interior had also seen better days. "Bendigonians are appalled at the state of the building," Mr Evans said. "It's an iconic building and it's certainly something that would attract attention from all over the world." Jane Symonds, 74, has shopped at the Bendigo Myer store since the 1980s and said it used to be a mecca of high-end local retail. "Everything needs to be refreshed … they need to refurbish it, make it brighter, newer," she said. "We need a big, quality department store like that in Bendigo because we've got bugger all." Sidney Myer's grandson Andrew Myer, who is also the chair of the philanthropic Sidney Myer Fund, believes the Bendigo building should be restored to its former glory rather than sit in disrepair. "I think it is a cornerstone building," he told the ABC. "As a passionate family member and knowing that it is the first store, I would love Myer, particularly the CEO [Olivia Wirth], to take some personal interest in the refurbishment of the store." The philanthropist said the state of the Bendigo store was a matter for the board and management, and he believed other family members had raised the issue personally with the Myer Group. The ABC understands the Bendigo store's elevator has recently been upgraded and plans are in place to replace the roof. A Myer spokesperson acknowledged Mr Myer's feedback and said a review of all stores was underway. "We have a constant program of maintenance works across our store network, which includes Myer Bendigo. "Myer owns the Bendigo store and there are no changes to our operations." Bendigo's Chamber of Commerce Be Bendigo chief executive Hayley Tibbett said she had contacted the Myer Bendigo manager, but had not received a response. "We all [the Bendigo community] feel a passion for Myer," she said. Sidney Myer, born Simcha Myer Baevski, was a Russian Jewish immigrant who arrived in Melbourne in 1899. He opened a small drapery shop in Bendigo with his brother Elcon in 1900, which went on to become Myer and now extends to Hargreaves Mall. The brothers prospered in central Victoria and opened another Myer store in Bendigo in 1908. In 1911, Sidney Myer bought a drapery store in Bourke Street, Melbourne, which is where the Myer Emporium flagship store still stands today. The National Library of Australia holds newspaper records showing that in the 1930s at the height of the Great Depression, Mr Myer arranged to provide Christmas dinner for 10,000 people mostly from poorer families in Melbourne. At the time, the Brisbane Courier reported that Mr Myer said he did not want the sense of charity to enter into the project, but rather for the people to feel like his personal guests to whom he wished to give a memorable Christmas. The legacy of his philanthropy continues through the Sidney Myer Fund and The Myer Foundation.
