The board of David Jones has endorsed a $2.15 billion takeover offer from South African based retail group Woolworths. In response to the news, Myer has withdrawn its proposed "merger of equals" offer.
Both the department stores disappointed with their results for the first half of FY2014, leading to open discussions of a possible merger. Plus, changes to the junior award, ACCC getting serious about online retail and NORA board appointments.
The retail industry is going to be adversely affected by a shortage of skilled workers and a paucity of product knowledge, according to a report released today. Meanwhile, we have news on H&M, DJs, Myer, Chemmart, the Iconic and Oportos.
We have more on how to adapt to the new APPs; some interesting analysis of how the DJs/Myer merger might affect the companies; Cash Converters' profit collapses; Pac Brands gets a speeding ticket and CIS builds HP in-mall kiosks.
Noni B recorded an after tax profit of $1.9 million, a decline of 2.8 per cent, for the six months to 31 December 2013. Also down is consumer sentiment and satisfaction, while sales are up for ALDI and The Iconic and the ASIC is getting angrier.
Make Yourself A Home is making itself a mantle to hold its award from Californian interior design bible Houzz. Plus, we look at the tools in-store staff need in the modern retail world and reveal the Top 10 retiail loyalty programs. And more on DJs/Myer,
It's a race for new franchisees and sites as companies plan more outlets across the country. Meanwhile, David Jones is looking at converting a store into apartments and tobacco retailing comes into focus.
Just 18 months after David Jones was subject to a bizarre takeover bid from a relatively unknown company in the UK, talks of a merger have once again surfaced - this time with department store competitor Myer.
David Jones' Fashion and Beauty categories continue to be the main driver for the company, which reported a 2.1 per cent increase in total sales for the first quarter of the 2014 financial year.
David Jones is following the cue of Costco, announcing it will open a new store in Ringwood in Melbourne's east. Part of a new real estate development in the suburb, the store will incorporate modern elements such as in-store Wi-Fi and omni mirrors.
Paul Zahra, the man who rebuilt David Jones' reputation and re-energised the department store following Mark McInnes inglorious exit, has announced his impending resignation as CEO from the publicly listed company.
David Jones has secured a number of deals with international designer brands following its attendance at Paris Fashion Week last week.
Australian fashion designer Nicola Finetti has signed an exclusive agreement with David Jones, following Finetti's soon-to-be expired contract with Myer.
David Jones has used its yearly results release to update the market on its Future Strategic Direction Plan. To meet the challenges of modern retail, DJs is focusing on omnichannel sales, increased staff and new store formats to entice customers.
With plenty going on in preparation for a more stable future as part of its Future Strategic Direction Plan, David Jones has reported a profit decline for the full year of 2013.
Myer may have Sass & Bide and Peter Alexander Sleepwear but David Jones has entered into exclusive agreements with UK high street fashion brands Phase Eight and L'Agent by Agent Provocateur.
Anchorage Capital Partners, owners of the Dick Smith retail chain, has confirmed they have brought on advisors to "evaluate potential options" concerning the on-sale of the famous consumer electronics brand.
David Jones has launched its multi-platform interactive youth fashion campaign titled "#WeAre" to promote its stable of designers for its youth fashion category.
David Jones sales have declined slightly for the fourth quarter, and over the past year, driven largely by weakness in the electronics category. Despite this, the retailer hopes to turn things around with the help of Dick Smith.
Despite existing in the Australian retail landscape for 175 years, and beginning postal orders as early as 1890, David Jones has been a self-confessed "late mover" in the online retailing space.
With David Jones bringing on Dick Smith to manage electronics sales in its department stores, Credit Suisse research analysts say DJs is set to realise a number of "benefits" from the deal.
David Jones has appointed Melinda Conrad as a non-executive director of the company.
JB Hi-Fi and CatchOfTheDay have been named the most popular retailers on Facebook.
Owners and managers of retailers including Dick Smith, Myer, David Jones, Woolworths and Rebel Sport are some of top 25 finalists in the running for the National Retail Association Young Retailer of the Year title.
David Jones has welcomed back Australian fashion brand Simona back into its stores on an exclusive basis.
David Jones together with Commonwealth Bank has launched an exclusive partnership with the world’s largest card scheme UnionPay, a national Chinese debit and credit card.
Unlike its rival who reported successful third quarter trading, David Jones has not been able to do the same this week.
David Jones has launched a new reward program for its Storecard memebers.
David Jones is taking customer experience to a new level to celebrate Levis’ new brands like Rag & Bone with a multi-platform campaign.
Less than two weeks in court, Myer and Australian fashion designer Kym Ellery have reached a mutually agreed settlement.
David Jones' Future Strategic Direction Plan has yet to deliver any positive returns after the company reported another loss.
David Jones' sales for the second quarter of the 2013 financial year have fallen.
As part of the company's continual move into the omni-channel space, David Jones has launched its first retail iPad app.
British luxury lingerie brand Agent Provocateur is opening their first Australian retailer space in David Jones' Sydney and Melbourne store
Shoes of Prey has signed an exclusive deal with David Jones to launch its new retail concept.
Myer and David Jones are in a bitter battle for one of Australia's top designer labels, Ellery.
The company has appointed a new non-executive director.
David Jones speaks on how they are dealing with price inflation.
David Jones chairman has announced his retirement from the David Jones board.
After seven consecutive quarters of decline, David Jones is finally seeing positive results after reporting a lift in sales for the September quarter.
With Australia's version of the U.S' Cyber Monday sale - Click Frenzy - about to kick off online for the first time, David Jones has been busy organising one on its own.
David Jones has launched its "lower everyday prices" program on international brands.
David Jones has appointed Jane Harvey as a non-executive director of the company.
Choice recently conducted a Shadow Shopper survey for the top ten retailers in Australia to see how their customer service skills stack up against one another.
David Jones has reported dismal numbers for the full year of 2012 but it’s only reflective of the company’s investment into its Future Strategy Direction Plan and the continuing difficult trading conditions.
David Jones is opening a new village format department store in the Malvern Central Shopping Centre in Melbourne.
David Jones still remains optimistic despite reporting a 4.3 per cent fall in total sales on a like-for-like basis for the financial year of 2012.
As part of its future strategic direction plan, David Jones will introduce 85 new brands to its business across a number of its departments.
The Australian and Securities Investment Commission today announced it will examine the proposed takeover offer for David Jones.
The company that has made a $1.65 billion takeover bid for David Jones has been revealed by a UK blog site as EB Private Equity.
David Jones has entered an agreement with American Express and Qantas to add frequent flyer points as a rewards option for its David Jones American Express and store card programs.
David Jones' total sales continue to fall with third quarter reports decline 2.9 per cent compared to the same period last year from $411.7 million to $399.8 million.
Following several management changes last week, Caroline Waldron has resigned as the company’s secretary and general counsel.
In a chance to transform itself into an omni-channel retailer, David Jones has appointed Mondo Digital to help manage its online store.
As part of its future strategic direction, David Jones has restructured its head office and welcomed a number of new members to its management team.
At the company's board meeting, John Coates announced his resignation, which will be effective immediately.
While Myer continues to roll-out its five point strategy, David Jones has narrowed its future plans down to a ‘three point strategy’ after the company reported a 19.6 per cent shrinkage in half-year profits.
Challenging times continue to affect David Jones after it reported that first half year sales for the 2012 financial year were down 6.6 per cent by $1.01 million on the same period last year.
The company will introduce 48 new brands following the results of its biannual brand performance review.
David Jones has welcomed more staff changes as finance director Stephen Goddard announces his retirement and Brad Soller is appointed the company's new chief financial officer.
As part of this new partnership, IBM will develop an develop an end-to-end multi-channel e-commerce platform for the department store retailer across its physical stores, its online stores and mobile devices.
David Jones has appointed Antony Karp to the newly created role of group executive retail services while Reg Clairs retires one of the company's non-executive directors.
Not only are Australian retailers already paying higher labour and rent costs than overseas peers, they are also paying a high price for stock as they continue to fight the against its online competitors.
David Jones will be opening a new store in a "high value", growing area of south west Brisbane in the Indooroopilly Shopping Centre.
Following the buyout of Pacific Brands recently by a US-based private broker, Deutsche Bank has highlighted that Harvey Norman and David Jones are the next probable takeover targets.
David Jones expects that it will be a rough Christmas after experiencing a "dramatic deterioration" in consumer confidence in the 2011 calendar year.
David Jones has blamed the 'wealth effect' for why it has taken a steep beating this first quarter down to $414.3 million compared to last quarter’s $466.6 million.
David Jones has partnered with UK-based PCMS to deliver a new POS system that will be piloted from the middle of 2012.
This is an extension to its current price matching policy on identical products offered by other bricks and mortar stores.
CEO Paul Zahra said the company experienced challenging trading conditions in a period where consumer confidence is low and in order to over come this, it will continue its multi-channel strategy to drive sales.
Hard times are ahead for David Jones as it reports that total sales for the fourth quarter of the 2011 calendar is $462.1 million due to a 10.3 per cent drop in total sales.
A majority of the brands will be department store exclusives as part of the company’s "WAS. IS. ALWAYS. DAVID JONES" campaign, an extension of its existing ‘Home of Brands” strategy.
Poor results from its all-important Clearance period in June and Clearance Clearout in early July has forced retailer David Jones to downgrade its profit guidance for the remainder of 2011 financial year.
Online sales will soon take a larger share of retail growth in Australia according to research from investment firm Morgan Stanley.
David Jones has reported total sales revenue of $411.7 million for the third quarter of the 2011 financial year being the period 30 January 2011 to 30 April 2011.
Bunnings has beat retail rivals David Jones and Myer by scoring the People’s CHOICE award for best bricks and mortar retailer at the CHOICE Awards.
The fortunes of department store rivals David Jones and Myer could not be more different, with the Macquarie Securities Group saying DJs is outperforming whilst Myer is lagging well behind market expectations.
While some retailers gallop towards expanding their online trade and multi channel offering, David Jones has said the cost-benefit analysis of furthering online operations will be well considered.
David Jones has posted a half year profit after tax of $105.7 million for the six months ended 29 January, representing a 5.2 per cent lift from $100.5 million of the prior corresponding period.
Department store David Jones said it faced "challenging trading" throughout the second quarter of the year with cooler weather, the Queensland floods and a decline in consumer sentiment.
While sass & bide will operate as a separate entity, Myer will have exclusive department store rights to distribute the designer brand, as well as benefit from the expansion of sass & bide standalone store network and its domestic and international wholes
On a department store exclusive basis, 12 Australian and international designers and 18 and beauty brands, including Pucci, MINKPINK, Witchery Man and Burberry Beauty have joined the company’s product offering list.
The department store has reported total and like-for-like sales revenue of $466.6 million, which is up 3.2 per cent from $452.1 million for the same period last year.
The David Jones online store will have over 1,500 gift ideas from local and international brands across a range of departments including beauty, accessories, homewares, toys and small appliances.
After Collette Garsney waved goodbye to David Jones as now former group general manager apparel, Pacific Brands has welcomed her with open arms.
The company has promoted Sacha Laing, Brett Riddington and Matthew Durbin.
David Jones surpassed Myer by a small margin with 32 per cent of respondents stating that Myer was the most trusted department store brand while DJs came out on top with 36 per cent.
David Jones presented to an investor roadshow indicating that it is on track in achieving its expectations for FY11 after just seven weeks into the new fiscal year.
Despite intensive discounting and promotional activity followed by two cycles of the Government Stimulus packages, DJs has reported a steady increase in its profits for the year ended 31 July 2010.
This comes after The GPT Group withdrew from its $600 million Newcastle Central development plan in seek of 'alternative development opportunities'
David Jones has announced a 7.3 per cent increase in sales revenue for the fourth quarter 2010 from $512.3 million in 4Q09 to $549.6 million in 4Q10.
David Jones will unveil its two new, fully redeveloped flagship Melbourne CBD stores today.
Former David Jones CEO Mark McInnes will return to Australia with his partner, Lisa, to defend allegations brought against him by former DJs publicist Kristy Fraser-Kirk.
David Jones (DJS) has appointed M&C Saatchi Agency as its advertising agency, following a five-month tender process. M&C Saatchi replaces Saatchi & Saatchi, who has held the role as David Jones' advertising agency for 14 years.
Mark McInnes resigned today from his position as CEO of David Jones effective immediately, after a complaint by a female employee of inappropriate behaviour.
David Jones sales increased by 1.4 per cent with total sales of $417.4 million for the third quarter (3Q) compared to the same period in 2009. Like for like sales also grew by 1.4 per cent compared to 3Q09.
Australian home entertainment retailer JB Hi-Fi has the strongest corporate reputation and is viewed more positively by Australians than some of our largest companies, according to the 2010 Corporate Reputation Index.
David Jones has reported a record high first half profit after tax of $100.5 million for the six months ended 23 January 2010.
David Jones has announced that like-for-like sales for the second quarter of 2010 increased by 3.1 per cent compared to the same period last year.
At the company's annual general meeting yesterday, David Jones CEO Mark McInnes has highlighted that the retail chain is set for a bumper Christmas season and he is excited about the future growth of the company.
Despite economic talk turning towards recovery, IBISWorld predicts rising interest rates and the absence of cash hand-outs will see consumers saving more than spending this Christmas.
Carla Zampatti has signed an exclusive agreement with David Jones, which provides that both the Carla Zampatti and Bianca Spender brands will become department store exclusive to David Jones.
David Jones has announced that stage one of its new flagship Bourke Street CBD store will open on 28 November 2009.
David Jones has announced its results for the FY09 ending 25 July 2009. The retailer performed exceedingly well, recording its highest full year profit result and dividend since listing in 1995.
David Jones has just announced its sales results for the fourth quarter FY09 ending 25 July 2009. The company saw overall growth on a total sales basis and outperformed every other quarter of FY09.
David Jones has just announced that it has increased its profit after tax guidance for the second half of the year and the full 2009 financial year.
Like for like sales in David Jones stores across Australian dropped more than 10 per cent between January and March 2009, compared with sales over the same period last year.