Home / Knowledge / News / Apparel/Garments / David Jones to open new village format store in Melbourne
David Jones to open new village format store in Melbourne
04
Sep '12
David Jones Limited (DJS) announced that it has entered into an Agreement for Lease with AMP Capital Property Nominees Pty Limited (AMP), on behalf of the owner UniSuper, to open a new village format department store in the Malvern Central Shopping Centre in Melbourne.

This announcement is another step forward in implementing the Company’s Future Strategic Direction Plan outlined on 21 March 2012, in particular in terms of growth of its store network.  The new Malvern village format department store is based on the Company’s successful Claremont Quarter (WA) store which was relaunched in February 2011 and the Toowong Village (Qld) store which is currently under refurbishment.  

The new 7,522 square metre store will be located in the existing Malvern Central Shopping Centre, which is approximately 10 kilometres south east of the Melbourne CBD. Malvern Central has a strong income demographic with a total Department Store Type Merchandise (DSTM) market valued at $1.3 billion. 

The Malvern catchment comprises approximately 210,000 residents, a high percentage of whom are in the top income bracket.  The catchment includes the suburbs of South Yarra, Toorak and Armadale.

The new village format David Jones store will be located in the space currently utilised by Target on the lower level of the centre.  As part of the terms of David Jones agreeing to open the store, AMP (on behalf of the owner UniSuper) has agreed to undertake an extensive transformation of the centre.  This transformation will take place in early 2013 and will involve the introduction of new specialty fashion stores to the centre.  The centre’s transformation will also include an ambience and design upgrade across all common areas.

David Jones CEO Paul Zahra said, “We are delighted to be making progress in the implementation of our new village format stores as outlined in our Future Strategic Direction Plan.  Our village format stores are a natural extension of our core business and enable us to leverage our existing merchandise, operating and service capabilities as well as the David Jones brand in attractive demographics which do not have major shopping centres located within the area.”

David Jones Limited (DJS)

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search