Annual Report 2011

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report 2011 Annual ReportAnnual 2011 Annual Report 2011 Strong Foundations Myer Holdings Limited ABN 14 119 085 602 Annual Report 2011 105090 Cover CS5 R1.indd 1-3 13/10/11 2:40 PM MYER HOLDINGS LIMITED Annual Report 2011 Corporate Directory Registered Office details Myer Customer Service Centre Myer Holdings Limited PO Box 869J Level 7 Melbourne VIC 3001 800 Collins Street Phone: 1800 811 611 (within Australia) or Docklands VIC 3008 +61 3 8667 6000 (outside Australia) Phone: +61 (0) 3 8667 6000 Fax: +61 (0) 3 8667 6091 Myer Support Office Auditor 800 Collins Street PricewaterhouseCoopers Docklands VIC 3008 Level 19, Freshwater Place Phone: +61 (0) 3 8667 6800 2 Southbank Boulevard Southbank VIC 3006 Myer Postal Address Myer Holdings Limited Securities Exchange Listing PO Box 869J Myer Holdings Limited (MYR) shares are listed on the Melbourne VIC 3001 Australian Securities Exchange (ASX). Company Secretary Website Marion Rodwell www.myer.com.au General Counsel and Company Secretary About this Annual Report Shareholder Enquiries: The Myer Holdings Limited Annual Report is available Contents Share Registry online at www.myer.com.au/investor. Hard copies can be Computershare Investor Services Pty Ltd obtained by contacting our share registry. Annual General Meeting Postal address Annual General Meeting About Myer 02 GPO Box 2975EE The 2011 Annual General Meeting of The 2011 Annual General Meeting of Myer Holdings Melbourne VIC 3000 Highlights 04 Myer Holdings Limited will be held at Limited will be held at Mural Hall, Level 6, Myer Mural Hall, Level 6, Myer Melbourne, Myer Shareholder Information Line Melbourne, Bourke St Mall, Melbourne, Victoria on Friday, 25 November 2011 at 11am. Bourke Street Mall, Melbourne, Victoria 1300 820 260 (within Australia) From the Chairman 06 +61 3 9415 4332 (outside Australia) on Friday, 25 November 2011 at 11am. www.investorcentre.com From the CEO 08 Investor Relations Davina Gunn Review of Operations 10 Investor Relations Manager Phone: +61 (0) 3 8667 7879 Sustainability 20 Mobile: +61 (0) 400 896 809 Email: [email protected] Board of Directors 24 Media Relations Jo Lynch Management Team 26 General Manager Corporate Affairs Phone: +61 (0) 3 8667 7571 Mobile: +61 (0) 438 101 793 Corporate Governance Statement 28 Email: [email protected] Directors’ Report 35 Remuneration Report 40 Financial Report 54 Auditor’s Report 111 Shareholder Information 114 Corporate Directory Inside Back Cover Myer Holdings Limited CREATED BY DESIGNATE ABN 14 119 085 602 105090 Cover CS5 R1.indd 4,6 13/10/11 2:40 PM 01 Myer Holdings Limited A focused retail business with strong management Our significant investment since 2006 has set strong foundations for a sustainable business, demonstrated in the current challenging environment. We are committed to optimising our store network, improving customer service and delivering a leading omni-channel offer. 11141_MYER_AR11_Editorial_PPv1.indd 1 10/10/11 11:58 AM 02 MYER HOLDINGS LIMITED Annual Report 2011 About Myer Myer is Australia’s largest department store group, synonymous with style and fashion for over 100 years. Known for a welcoming, familiar, trusted and New stores and refurbishments stylish shopping environment, Myer has a strong The Myer store network includes a footprint of connection with its customers, with one of the 67 stores in prime retail locations across Australia. most reputable retail brands in Australia. We have stores in 28 of the top 30 shopping centres Vision: “To be an international-class retailer providing across Australia. We have a strategy to expand the inspiration to everyone” store network through new stores, replacement Our focus on providing inspiration to everyone stores and refurbishments, and to continue to build includes our customers, our 13,000 team members, on the momentum of our world-class, international our 56,000 shareholders, our 800 suppliers globally award winning flagship Melbourne store. and the many communities that we engage through our strong brand. Myer Exclusive Brands In financial year 2011, total sales were $3.159 billion. Our merchandise offer includes over 50 brands that are Myer is a significant employer and has a long history of owned by Myer. The Exclusive Brands offering is across philanthropy and local community engagement. many price points and ranges from entry-point basics to designer fashion. We have established Global Sourcing Inspiring and delighting our customers Offices in Hong Kong and Shanghai to drive further through newness, innovation and growth of our Myer Exclusive Brands (MEBs), source inspiration product more efficiently and improve profitability. 01 Myer offers eleven core product categories MYER one loyalty program including: Womenswear; Menswear; Youth fashion; Childrenswear; Intimate apparel; Beauty, fragrance The MYER one loyalty program is a key competitive advantage for the business. This loyalty program and cosmetics; Homewares; Electrical goods; Toys; 01 Our team members are Fashion accessories; and General merchandise. A true provides unique insights into customer shopping key to the success of Myer preferences and is an effective way of communicating department store, Myer offers a comprehensive and 02 New stores and fashion focused ‘whole of home’ solution, stocking with our customers ensuring they receive relevant refurbishments continue over 600,000 product lines, comprising 2,400 brands and targeted offers. Loyal MYER one members earn to inspire and delight our customers sourced from over 800 suppliers globally. The brand shopping credits for shopping at Myer as well as a offering includes well-known national brands, range of affiliate businesses that have partnered with 03 Brand awareness is Australian and International designers, as well as the program. Rewards are distributed in the form of enhanced through in-store MYER one reward gift cards and when redeemed in theatre and events as over 50 brands owned and distributed exclusively by well as seasonal fashion Myer stores members spend on average 3.6 times the Myer, including Vue, Basque and Blaq. launches value of the reward card. 04 Exciting new brands Myer’s strategic plan Selling space optimisation have further strengthened The business model we have had in place since 2006 our fashion credentials Across our store network, we continually review is flexible and sustainable which has helped us to 05 We are building a manage recent volatile retail trading conditions. We the way our stores are presented through product customer service and performance-based culture continue to implement this strategy focusing on the mix and brand placements. This is to ensure we across the business key elements: are delivering the best possible merchandise offer, improving the customer shopping experience and 06 Our MYER one loyalty › New stores growth and refurbishments ultimately achieving maximum return per square program delivers a key › Grow our Myer Exclusive Brands metre of selling space for our shareholders. competitive advantage › Build and strengthen MYER one loyalty program › Ensure product mix and floor selling space delivers optimal financial returns › Improve customer service › Deliver a flexible omni-channel offer › Continue to reduce shrinkage 11141_MYER_AR11_Editorial_PPv1.indd 2 10/10/11 11:58 AM 03 02 03 04 Improving customer service Reducing shrinkage Our people are critical to achieving our vision and Reducing the level of theft and fraud in our stores delivering our strategic plan. We are continuing to contributes to improving our profitability. We have build a customer service and performance-based made excellent progress in initiatives to reduce culture across the business. This includes fostering the shrinkage. development of all of our team members from our graduates, to high performing store managers to our Strong foundations buyers and support office teams. The support of our We have made significant progress on our strategic committed and experienced senior management plan. We have invested over $600m in capital since team helps to build this culture focused on achieving 2006 to build a sustainable retail business platform results. In response to customer feedback, we have and these strong foundations have been proven a renewed focus on improving customer service during the recent economic downturn. through the investment in additional selling hours 05 in high service categories and a comprehensive program including training, product knowledge and Our vision is to be an other initiatives. international-class Omni-channel retailer In a rapidly changing technology environment Myer retailer providing continues to develop and implement a flexible inspiration to everyone omni-channel offer for our customers. The channels include our significant store network complemented – our customers, team by enhanced online, digital and mobile platforms. members, shareholders and suppliers. 06 11141_MYER_AR11_Editorial_PPv1.indd 3 10/10/11 11:58 AM 04 MYER HOLDINGS LIMITED Annual Report 2011 Highlights Myer delivered a solid result this year in the context of a ” very tough retail environment. Consumers continue to be reluctant to spend in the face of a number of increased cost of living pressures, the imminent imposition of new taxes, uncertainty surrounding interest rates and an increased propensity to save. The challenging economic conditions experienced in the first half were exacerbated Strong foundations by the floods in Queensland and Victoria. During the second half of the year domestic and global
Recommended publications
  • RETAIL and COMMERCIAL DEVELOPMENT STRATEGY CITY of WAGGA WAGGA
    ADVISORY REPORT ~ RETAIL and COMMERCIAL DEVELOPMENT STRATEGY CITY of WAGGA WAGGA Prepared For: WAGGA WAGGA CITY COUNCIL Prepared By: LEYSHON CONSULTING PTY LTD SUITE 1106 LEVEL 11 109 PITT STREET SYDNEY NSW 2000 TELEPHONE (02) 9224- 6111 FACSIMILE (02) 9224-6150 REP0615 APRIL 2007 © Leyshon Consulting Pty Ltd 2007 Leyshon Consulting TABLE of CONTENTS Page EXECUTIVE SUMMARY........................................i-iv 1 INTRODUCTION............................................. 1 1.1 Background..............................................1 1.2 Study Tasks..............................................1 1.3 Definitions...............................................3 2 EXISTING CENTRES .......................................... 5 2.1 Introduction..............................................5 2.2 Wagga Wagga CBD........................................6 2.3 CBD North. .............................................8 2.4 Suburban Centres. ........................................9 2.4.1 Kooringal..........................................9 2.4.2 Southcity..........................................9 2.4.3 Lake Albert. ......................................1 0 2.4.4 Tolland. .........................................1 0 2.4.5 Turvey Tops.......................................1 0 2.4.6 Ashmont.........................................1 1 2.5 Bulky Goods. ...........................................1 1 2.6 Approved Development. ..................................1 2 3 DEMAND ANALYSIS ......................................... 1 3 3.1 Introduction.............................................1
    [Show full text]
  • Commerce Ballarat News Bulletin 12 – 18 February Quote of the Week
    Commerce Ballarat News Bulletin 12 – 18 February Quote of the week: “Winning is about heart, not just legs. It’s got to be in the right place" Lance Armstrong Regional Industry Link Workshops BRACE, 602 Urquhart St, Ballarat Thursday 24 February 1 pm – 3 pm Members Free Non-members $25 Want to know how you can access new business opportunities? Register now to attend one of our ‘Regional Industry Link’ workshops and find out how to make the most of this free program that will match your business to relevant supply opportunities across Victoria. "Mind the Gap: Why EVERY generation just doesn’t get it” Alexandria on Lydiard 30 Lydiard St Nth, Ballarat Wednesday 9 March 12.00noon Members $42pp Non-members $50pp Panel discussion about the generation gap, age differences and how to overcome these issues in the workplace. Representing Gen Y: Jessica Saad, Angel Recruitment and Consultancy, and Melissa Abu-Gazaleh, Top Blokes Foundation. Representing Gen X: Glen Walker, Maxitrans, and Jeff Pulford, City of Ballarat. Facilitated by John Fitzgibbon General Manager 3BA & Power/FM. B.L.E.N.D Beaumont Tiles 106 Creswick Road, Ballarat Wednesday 9 March 5.30pm – 7.30pm Members Free Non-members $16.50 Guest speakers: Melissa Abu-Gazaleh, Top Blokes Foundation, and Jessica Saad, Angel Recruitment and Consultancy. Are you 39 and under and looking for an opportunity to share ideas and impressions of today’s business world? Drinks and savouries provided. Commerce Ballarat Race Day Ballarat Turf Club Thursday 14 April $55pp or $550 for a table of ten All those who have attended our race days know this is the fun way to do business.
    [Show full text]
  • Adidas' Bjorn Wiersma Talks Action Sports Selling
    #82 JUNE / JULY 2016 €5 ADIDAS’ BJORN WIERSMA TALKS ACTION SPORTS SELLING TECHNICAL SKATE PRODUCTS EUROPEAN MARKET INTEL BRAND PROFILES, BUYER SCIENCE & MUCH MORE TREND REPORTS: BOARDSHORTS, CAMPING & OUTDOOR, SWIMWEAR, STREETWEAR, SKATE HARDWARE & PROTECTION 1 US Editor Harry Mitchell Thompson HELLO #82 [email protected] At the time of writing, Europe is finally protection and our Skateboard Editor, Dirk seeing some much needed signs of summer. Vogel looks at how the new technology skate Surf & French Editor Iker Aguirre April and May, on the whole, were wet brands are introducing into their decks, wheels [email protected] across the continent, spelling unseasonably and trucks gives retailers great sales arguments green countryside and poor spring sales for for selling high end products. We also have Senior Snowboard Contributor boardsports retail. However, now the sun our regular features; Corky from Stockholm’s shines bright and rumours are rife of El Niño’s Coyote Grind Lounge claims this issue’s Tom Wilson-North tail end heating both our oceans and air right Retailer Profile after their second place finish [email protected] the way through the summer. All is forgiven. at last year’s Vans Shop Riot series. Titus from Germany won the competition in 2015 and their Skate Editor Dirk Vogel Our business is entirely dependent on head of buying, PV Schulz gives us an insight [email protected] Mother Nature and with the Wanderlust trend into his buying tricks and tips. that’s sparked a heightened lust for travel in Millenials, spurred on by their need to document Our summer tradeshow edition is thoughtfully German Editor Anna Langer just how “at one” with nature they are, SOURCE put together to provide retailers with an [email protected] explores a new trend category in our Camping & extensive overview of SS17’s trends to assist Outdoor trend report.
    [Show full text]
  • Annual Report 2012 67 Stores in Prime Locations
    ANNUAL REPORT 2012 67 STORES IN PRIME LOCATIONS FIRST CHOICE for fashion, cosmetics and the home CONTENTS About Myer • 02 2012 Financial Results • 04 From the Chairman • 06 From the CEO • 08 Review of Operations • 10 Sustainability • 18 Board of Directors • 22 Management Team • 24 Corporate Governance Statement • 26 Directors’ Report • 39 Remuneration Report • 44 Financial Report • 60 Auditor’s Report • 112 Shareholder Information • 115 Corporate Directory Inside back cover MYER A MYER NN U AL R EPORT 2012 EPORT Annual General Meeting The 2012 Annual General Meeting of Myer Holdings Limited will be held at Mural Hall, Level 6, Myer Melbourne, / Bourke Street Mall, Melbourne, Victoria on Friday, 7 December 2012 at 11am. 01 Myer Holdings Limited ABN 14 119 085 602 Our vertically-integrated Myer Exclusive Brand model ABOUT MYER of managing the design, development and sourcing of wanted brands provides us with significant control and flexibility. This model, together with our two sourcing Myer is Australia’s largest department store offices in Asia, our world-class supply chain, and group, synonymous with style and fashion updated IT and merchandise systems, delivers speed to market, and effective inventory control, and gives us a for over 100 years. key competitive advantage. We also seek to acquire wanted brands where it makes commercial sense and where the addition of the brand Our focus on providing inspiration to everyone includes will further strengthen our merchandise offer. our customers, our 12,500 team members, our 54,000 shareholders, our 1,200 suppliers globally and the many Improve customer service and efficiency communities that we engage with our strong brand.
    [Show full text]
  • Nasty Gal Offices to Remain Open in Los Angeles
    NEWSPAPER 2ND CLASS $2.99 VOLUME 73, NUMBER 10 MARCH 3–9, 2017 THE VOICE OF THE INDUSTRY FOR 72 YEARS BCBGMaxAzria Files for Chapter 11 Bankruptcy Protection By Deborah Belgum Senior Editor BCBGMaxAzriaGroup, the decades-old Los Angeles apparel company that was one of the first on the contempo- rary fashion scene, filed for Chapter 11 bankruptcy protec- tion in papers submitted Feb. 28 to the U.S. Bankruptcy Court for the Southern District of New York. The company’s Canadian affiliate is beginning a sepa- rate filing for voluntary reorganization proceedings under Canada’s Bankruptcy and Insolvency Act. Steps are being taken to close its freestanding stores in Canada and consoli- date its operations in Europe and Japan. The apparel venture, founded in 1989 by Max Azria, has been navigating through some tough financial waters in the past few years. New executives have been unable to turn the company around fast enough and now hope to finish the bankruptcy process in six months. ➥ BCBG page 9 Mitchell & Ness’ booth at the Agenda trade show in Las Vegas TRADE SHOW REPORT Sports Apparel Maker Mitchell & Ness Moving to Irvine Crowded Trade Show By Andrew Asch Retail Editor Schedule Cuts Into LA The North American licensed sportswear business is esti- tive officer. mated to be a multi-billion-dollar market, and Philadelphia- “This facility will house all of our product under one roof Textile Traffic headquartered brand Mitchell & Ness is making a gambit for and modernize our operations with the goal of providing a bigger chunk of it. It is scheduled to open its first West Coast gold-standard customer service.
    [Show full text]
  • SPIRIT COUNTRY Contemporary Australian Aboriginal Art
    SPIRIT COUNTRY Contemporary Australian Aboriginal Art SPIRIT COUNTRY Contemporary Australian Aboriginal Art Jennifer Isaacs Fine Arts Museums of San Francisco First published in Australia in 1999 By Hardie Grant Books Level 3, 44 Caroline Street South Yarra Victoria 3141 First published in the United States of America in 1999 By the Fine Arts Museums of San Francisco Golden Gate Park, San Francisco California 94118 Copyright © Jennifer Isaacs, 1999 Copyright © “Our Painting Is a Political Act,” Hetti Perkins Copyright © in the illustrated artworks remains with the artists Copyright © in substantive content of the painting explanations remains with the artist or Aboriginal community arts organizations All rights reserved. No part of this publication may be reproduced, stored in a retrieval sys- tem or transmitted in any form by any means, electronic, mechanical, photocopying, record- ing or otherwise, without the written permission of the publishers and copyright holders. National Library of Australia Cataloguing-in-Publication Data: Isaacs, Jennifer. Spirit country. ISBN 1 86498 049 4 1. Aborigines, Australian — Painting — Exhibitions. 2. Painting, Modern — 20th century — Australia — Exhibitions. 3. Paintings, Australian — Exhibitions. I. Title. 759.99407479461 Produced by Hardie Grant Books in association with the Fine Arts Museums of San Francisco Editing by Jenny Lee Proofreading by Elaine Miller Cover and text design by Michael Callaghan (Redback Graphix) Type styling by Gregory McLachlan Cartography by Guy Holt Photography on behalf of the Gantner Myer Collection by Mark Ashkanasy Photography on behalf of the Fine Arts Museums of San Francisco by Joseph McDonald Landscape photographs by Richard Woldendorp Produced by Phoenix Offset Printed and bound in Hong Kong This book is the product of a collaboration between Hardie Grant Books and the Fine Arts Museums of San Francisco, and therefore uses American style conventions.
    [Show full text]
  • An Overview of Working Conditions in Sportswear Factories in Indonesia, Sri Lanka & the Philippines
    An Overview of Working Conditions in Sportswear Factories in Indonesia, Sri Lanka & the Philippines April 2011 Introduction In the final quarter of 2010 the ITGLWF carried for export to the EU and North America, and out research in major sportswear producer many of those in the Philippines are also countries to examine working conditions in exporting to Japan. factories producing for multinational brands and retailers such as adidas, Dunlop, GAP, Greg Collectively the 83 factories employed over Norman, Nike, Speedo, Ralph Lauren and 100,000 workers, the majority of whom were Tommy Hilfiger (for a full list of the brands females under the age of 35. This report con- and retailers please see Annex 1). tains an executive summary of the findings, based on information collected from workers, The researchers collected information on work- factory management, supervisors, human ing conditions at 83 factories, comprising 18 resource staff and trade union officials. factories in Indonesia, 17 in Sri Lanka and 47 in the Philippines. In Indonesia researchers focused The research was carried out by the ITGLWF’s on 5 key locations of sportswear production: Bekasi, Bogor, Jakarta, Serang and Tangerang. affiliates in each of the target countries, in In Sri Lanka researchers examined conditions some cases with the assistance of research in the major sportswear producing factories, institutes. The ITGLWF would like to express mainly located in Export Processing Zones, and our gratitude to the Free Trade Zones and in the Philippines researchers focused on the General Services Employees Union, the National Capital Region, Region III and Region ITGLWF Philippines Council, Serikat Pekerja IV-A.
    [Show full text]
  • Imaginary Aesthetic Territories: Australian Japonism in Printed Textile Design and Art
    School of Media Creative Arts and Social Inquiry (MCASI) Imaginary Aesthetic Territories: Australian Japonism in Printed Textile Design and Art Kelsey Ashe Giambazi This thesis is presented for the Degree of Doctor of Philosophy of Curtin University July 2018 0 Declaration To the best of my knowledge and belief this thesis contains no material previously published by any other person except where due acknowledgment has been made. This thesis contains no material which has been accepted for the award of any other degree or diploma in any university. Signature: Date: 15th July 2018 1 Acknowledgements I would like to sincerely express my thanks and gratitude to the following people: Dr. Ann Schilo for her patient guidance and supervisory assistance with my exegesis for the six-year duration of my candidacy. To learn the craft of writing with Ann has been a privilege and a joy. Dr. Anne Farren for her supervisory support and encouragement. To the staff of the Curtin Fashion Department, in particular Joanna Quake and Kristie Rowe for the daily support and understanding of the juggle of motherhood, work and ‘PhD land’. To Dr. Dean Chan for his impeccably thorough copy-editing and ‘tidying up’ of my bibliographical references. The staff in the School of Design and Art, in particular Dr. Nicole Slatter, Dr. Bruce Slatter and Dr. Susanna Castleden for being role models for a life with a balance of academia, art and family. My fellow PhD candidates who have shared the struggle and the reward of completing a thesis, in particular Fran Rhodes, Rebecca Dagnall and Alana McVeigh.
    [Show full text]
  • Sidney Myer Fund the Myer Foundation Annual Report 2018–19
    Sidney Myer Fund The Myer Foundation Annual Report 2018–19 Contents Mission 3 How to Read this Report 4 Joint Statement 5 Sidney Myer Fund Trustees 6 The Myer Foundation Directors 7 Strategic Theme: People 8 Strategic Theme: Organisations 10 Strategic Theme: Beyond Grantmaking 12 Strategic Theme: Family Engagement 14 Grant Listings 16 Summary Financial Information 23 L2R’s Due West 1 2 The Sidney Myer Fund and The Myer Foundation are two separate philanthropic entities of Myer family philanthropy. They are both managed by the same team and have separate but complementary philanthropic programs and activities. Sidney Myer, a generous philanthropist in his lifetime, left a portion of his estate upon his death in 1934 to be invested for the benefit of the community in which he made his fortune. That act created the Sidney Myer Fund which will exist in perpetuity. The income of the Fund is distributed annually. The Myer Foundation was established in 1959 by Sidney Myer’s sons, the late Kenneth Myer AC DSC, and Baillieu Myer AC, as a way to support initiatives and new opportunities arising from contemporary issues. The Myer Foundation was endowed through Kenneth Myer’s estate following his death in 1992. The Sidney Myer Fund and The Myer Foundation continue the legacy of Myer family generosity, through members of four succeeding generations of the Myer family, who give in many ways, to make significant and lasting contributions to our society. 3 How to Read this Report The FY19 Annual Report is organised Each pillar of the strategy features in a double page spread in this report.
    [Show full text]
  • SGI Template 8 Page TM
    For a FREE trial subscription to Sporting Goods Intelligence, click here. A subscription form will open in a browser window. ® E-mail our editors at E-mail our staff at [email protected] www.sginews.com [email protected] ANTA-LED GROUP MAKES FIRM OFFER FOR AMER SPORTS December 7, 2018 Vol. 35, No. 48 The cash offer of €40 per share values the equity at €4.6 billion and Anta will also assume €1 billion in Anta makes formal offer to buy Amer for debt. The tender is expected to commence on Dec. €5.6 billion in historic deal. 20 and last approximately 10 weeks and is subject Imports in Q3 are flat and tariff threat has not to receiving 90% of the outstanding shares. It is changed sourcing. not conditioned on financing, which is evidently Trade War cease fire for 90 days but major already committed. Amer’s board has unanimously issues still unresolved. endorsed the offer. Anta would control a 58% stake in Lululemon shows no signs of slowing as Amer with Fountainvest owning 15.8%, Lululemon digital powers big gains. founder chip Wilson 20.7% and Chinese gaming Genesco sees strength in Journeys but sale of giant Tencent 5.6%, according to the Financial Lids still up in the air. Times. The consortium said it had received positive Zumiez has strong Q3 and carries momentum expressions of interest from about 12% of Amer’s into Holiday. shares and has invited the current management Big 5 shareholder group again pressing for under CEO Heikki Takala to continue running the changes.
    [Show full text]
  • New Myer Store for Darwin
    ASX & Media Release Tuesday 26 June 2012 New Myer store for Darwin Myer Holdings Limited (MYR) today announced plans to build a new store in Darwin, Northern Territory. The new Myer Darwin will be a two-level 12,000 square metre store featuring a large range of apparel, cosmetics, homewares and electrical merchandise. Myer Chief Executive Officer, Bernie Brookes, said that the new store would be the first full-line department store in Darwin and delivered an opportunity for Myer to reach a significant growth area and a new customer base in the north of Australia. “As we optimise our store network across the country, Darwin is the ideal location for a new store, and will expand our customer base and footprint into the Northern Territory for the first time. Darwin is a region of significant economic growth and the community support for the addition of a Myer store has been tremendous,” Mr Brookes said. “The store will be in an ideal location for us. Casuarina Square is already a well-established centre that has a strong customer offer including specialty retail, supermarkets, discount department stores and a cinema. We believe the addition of a full-line Myer store will further strengthen the customer proposition. “We are delighted to have reached an agreement with GPT Group to be a part of their proposed expansion of the Casuarina Square Shopping Centre. We also welcome the Territory Government's willingness to work towards integrating public transport into the development. “As we build on the success of our new Mackay store in Queensland, we are looking forward to the opening of our next two new stores at Fountain Gate (Victoria) in September and Townsville (Queensland) in October this year.
    [Show full text]
  • Adidas Asics Beauty Outlet Bedeck Billabong Build-A
    ADIDAS CHAPELLE HOTEL LEVI’S 20% off outlet price. £10 gift card when you CHOCOLAT 20% off outlet price when spend £50 or more. you buy 2 or more items. Exclusions apply. Additional discounts on outlet prices. ASICS CLAIRE’S Valid on Friday 29 only. LINDT 40% off outlet price. ACCESSORIES Additional discounts in store. Exclusions apply. Buy 3, get 3 free. HUGO BOSS Exclusions apply. 20% off outlet price. BEAUTY OUTLET Exclusions apply. M&S Additional discounts on CLARKS 20% off outlet price in selected departments. outlet prices. Men’s and women’s JACK WILLS footwear from £20, kids £20 gift card when you BEDECK from £10. spend £100 or more. MOLTON Selected lines only. 20% off outlet price. BROWN Selected lines only. JAEGER 20% off outlet price. CLOGAU GOLD 20% off outlet price. Exclusions apply. BILLABONG 10% off outlet price. Entire store. Entire store. 20% off when you buy 2 MOSS BROS items, 30% off when you JOULES 20% off outlet price. buy 3 items, 40% off when CREW 20% off outlet price. Exclusions apply. you spend £200 or more. CLOTHING Entire store. BUILD-A-BEAR 25% off outlet price. NEW BALANCE Exclusions apply. KLASS 20% off outlet price. Spend £30 and save £5, Additional discounts on Exclusions apply. spend £40 and save £8, outlet prices. spend £50 and save £10, DUNE LONDON spend £60 and save £15 20% off outlet price. O2 Entire store. KURT GEIGER 25% off Huawei handsets. 20% off outlet price. CADBURY Entire store. Additional discounts on FOSSIL O’NEILL outlet prices. 30% off outlet price.
    [Show full text]