In an apparent last-ditch effort to combat the looming threat of Amazon, Myer has launched an online shopping portal dubbed the Myer Market. The store currently offers an eclectic range of products spread across six categories: Home & Living, Electronics, Kids & Baby, Outdoor Recreation, Health & Wellness and Experiences. We take a look at the prices.
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Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Australian department store retailers David Jones (DJ) and Myer have both recently moved to rationalise the number of clothing brands they offer in their stores. This strategy brings two common retail sayings to mind. First "to win in retail, you can't be everything to everyone", and second, "if you're not growing, you're going backwards".
Department store chain Myer reported worse-than-expected results today, and Myer CEO Bernie Brookes was quick to cite two familiar reasons: employment costs are too high and Myer is disadvantaged because online retailers from overseas aren't required to pay GST. It's a highly selective argument, and very poor basis for claiming that we need to change the rules for online shopping.
Myer CEO Bernie Brookes was in the news yesterday, complaining that it's too expensive to employ staff because holiday agreements mean that Myer has to pay at least $62 an hour for the privilege. He argues that being internationally competitive would require paying around one-ninth of that figure. Let's put this in perspective: on a conservative estimate and with no leave loading whatsoever, Brookes gets paid more than 10 times as much per hour as Myer permanent employees earn on a public holiday, and 16 times more than casual staff.
From tomorrow until April 21, Myer has 25 per cent off all iTunes cards -- an excellent and unusually long-running discount. Stocking up could be prudent.