Myer Vs David Jones. David Jones, Myer Department stores look to increase private label brands Myer and its high-end department stores could be heading for the same dire fate as David Jones as a retail expert warns the company's growing success online is 'cannibalising' its classic brick. As two of Australia's stalwart brands in Myer and David Jones continue their respective journey through troubled waters, it's another sign of how every business in the world is now part of the commoditisation of goods and services and the shift towards an experience economy
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Myer and its high-end department stores could be heading for the same dire fate as David Jones as a retail expert warns the company's growing success online is 'cannibalising' its classic brick. "What's changed in that window is, of course, internet retail
Myer, David Jones Department stores changing tactics to win more customers
If we look at profits, Myer weathered the downturn better than David Jones - posting a 8% rise in pre-tax profits over the five-year period (from $213 million to $230 million), compared to David. Myer is applying a much more David-Jones-esque approach to excellence in customer service and a focus on experiences, but they're doing it at an intimate level. As Myer, Australia's largest department store, downsizes, focusing on a more intimate customer experience, they are arguably out-David-Jones-ing David Jones
Hopes for Myer turnaround after David Jones posts sales recovery. Online sales at David Jones represented 23 per cent of the total during the year, and were up 29 per cent over the full year Myer and its high-end department stores could be heading for the same dire fate as David Jones as a retail expert warns the company's growing success online is 'cannibalising' its classic brick.
myer and david jones stores bourke street mall melbourne victoria australia Stock Photo Alamy. Is David Jones profitable? David Jones is now in a cash positive position after selling $625 million in property over the past financial year through the divestment of its Bourke St. As Myer and David Jones continue to downsize stores, one retail analyst says the fierce rivalry will end with one closing altogether