Home / Knowledge / News / Apparel/Garments / Comparable sales up at Aussie department store Myer
Comparable sales up at Aussie department store Myer
17
Nov '12
Myer Holdings Limited (MYR) reported first quarter total sales for the thirteen weeks to 27 October 2012 of $688.0 million, up 1.0 percent compared to last year. On a comparable store sales basis, sales were up 0.8 percent compared to last year.

The key categories of Menswear, Womenswear, Cosmetics and Childrenswear were the strongest performers during the quarter. The best performing states were Western Australia and Queensland.

Myer Chief Executive Officer, Bernie Brookes, said that while the trading environment during the first quarter continued to be difficult, the quarter benefited from a modest improvement in consumer sentiment.
 
There were a significant number of new brands that were introduced in our stores during the quarter including Trent Nathan, sass & bide intimates, Australian House and Garden (Homewares), Karen Walker Home and Material World by Madonna.
 
We opened two new stores during the past six weeks with a very positive response from customers. These new stores in Fountain Gate (Victoria) and Townsville (Queensland) are both trading well, with significant support of Myer Exclusive Brands by customers and strong sign ups to the MYER one loyalty program.
 
We have started refurbishments at Indooroopilly (Queensland) and Highpoint (Victoria) and will start a major refurbishment of our Adelaide (South Australia) store in the new year. 
 
During October, we launched two new loyalty initiatives:
• MYER one smart phone application for iPhones which allows members to scan their digital loyalty card at the point-of-sale to earn shopping credits as well as redeem their rewards gift cards.
• An Australian department store first - a ‘pay with points’ initiative with the Commonwealth Bank. The 1.3 million Commonwealth Awards members will shortly be able to instantly redeem their Awards points for purchases at any Myer store. As a further reward, MYER one members will also earn shopping credits on purchases made using Commonwealth Awards points.
 
“While we welcomed the October interest rate cut there are a myriad of factors currently in the mix and influencing discretionary spend, so we continue to be cautious about the trading environment. 
 
“In the context of this environment we have been pleased with continued progress in executing our five-point strategic plan to improve customer service, to enhance our merchandise offer, strengthen our loyalty program, build a leading omni-channel offer and optimise our store network.
 
“The continued strong performance of sass & bide in both the standalone and Myer stores has been particularly encouraging as customers embrace this leading fashion brand.
 


Must ReadView All

India mulls new schemes for jobs, textile clusters

Apparel/Garments | On 25th Apr 2018

India mulls new schemes for jobs, textile clusters

India is mulling over alternative schemes for jobs and manufacturing...

Kraig gets approval for Vietnamese subsidiary firm

Textiles | On 25th Apr 2018

Kraig gets approval for Vietnamese subsidiary firm

Kraig Biocraft Laboratories, Inc., the leading developer of spider...

Courtesy: ITMA Asia

Textiles | On 25th Apr 2018

ITMA Asia + CITME 2018 attract global textile companies

The sixth edition of ITMA ASIA + CITME 2018 has received strong...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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