{"id":48318,"date":"2014-03-10T22:19:53","date_gmt":"2014-03-11T02:19:53","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=48318"},"modified":"2014-03-10T22:19:53","modified_gmt":"2014-03-11T02:19:53","slug":"the-australian-retail-battle-why-myer-and-david-jones-need-to-lift-their-game","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/10\/the-australian-retail-battle-why-myer-and-david-jones-need-to-lift-their-game\/","title":{"rendered":"The Australian Retail Battle: Why Myer and David Jones Need to Lift Their Game"},"content":{"rendered":"

By MoneyMorning.com.au<\/u><\/a><\/p>\n

You\u2019ve heard of all the problems facing Australian retailers<\/strong>: the internet, high rents, falling consumer sentiment and Australia\u2019s high wages.<\/p>\n

In fact, if you listened only to Myer and David Jones, you\u2019d think that the Australian retail market<\/strong> was a desert wasteland of calcified skulls and tumble weed. For them it is. Both have enjoyed anaemic growth at best.<\/p>\n

But recent developments are showing these claims up for what they are \u2014 a giant load of hot air. <\/p>\n

The impending international assault on Australian retail<\/h2>\n

If the Australian retail environment was as bad as David Jones and Myer describe it, you wouldn\u2019t expect large international chains to be entering the market. <\/p>\n

But that\u2019s exactly what\u2019s happening.<\/p>\n

H&M has just signed its first Australian lease. It will join Costco, Zara and Uniqlo in setting up new Australian operations. <\/p>\n

These are global players with stores across the world. They too will come up against the Australian dollar and falling consumer sentiment. They will pay Australian wages, the same wages which some have claimed are sending retailers broke.<\/p>\n

So what\u2019s going on? <\/p>\n

Myers and David Jones – Look out\u2026
\nThere\u2019s a better, faster and more efficient retail sector set for Australia<\/h2>\n

Put simply, they are running better businesses than Myer and DJs.<\/p>\n

They\u2019re able to compete with the disruptive force of the internet by selling better products, and utilising a quicker supply chain which means in-store clothing is always up-to-date. <\/p>\n

They are more efficient and leaner, but also invest in customer service \u2014 Uniqlo has promised to hire hundreds in their Australian stores to provide the best customer service. <\/p>\n

Myer and DJs have gone some way to speeding up their supply chain, and after gutting customer service are hiring again.<\/p>\n

But if they want to compete, they\u2019ll have to do better. <\/p>\n

Callum Denness
\nContributing Editor, Money Morning<\/em><\/strong>
\nJoin Money Morning on Google+ <\/u><\/a><\/strong><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au You\u2019ve heard of all the problems facing Australian retailers: the internet, high rents, falling consumer sentiment and Australia\u2019s high wages. In fact, if you listened only to Myer and David Jones, you\u2019d think that the Australian retail market was a desert wasteland of calcified skulls and tumble weed. For them it is. Both … <\/p>\n

Continue reading “The Australian Retail Battle: Why Myer and David Jones Need to Lift Their Game”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-48318","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=48318"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48318\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=48318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=48318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=48318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}