Preview: Inside Retail Weekly 2111
Our cover story this week examines Richard Umbers’ first year at the helm of Myer and the effectiveness to date of his ‘New Myer’ strategy, a five-year, $600 million plan to turn the ailing department store chain around. While Myer may not be setting the world on fire, there is at least a promising spark in its 2016 financial year results, which include a lift in sales by 2.9 per cent, to $3.3 billion, for the 12 months in the first full year under Umbers, an encouraging result given store closures. Myer’s first full-year under Umbers has been greeted with a report card that says, ‘improved effort, but needs to do more’, and you can read our in-depth analysis on this in this week’s issue of IRW.
Features this week kick off with a look at the opportunities, challenges and realities of omnichannel retail. While offerings such as click and collect are proving increasingly popular with consumers, they represent a logistical headache for retailers that is only getting more difficult to manage. Is giving customers everything they want really a sound business strategy?
In Features this week we also look at the push by vitamins manufacturer, Nature’s Care, to open strategically located luxury flagship stores to grow consumer trust in the brand and communicate its authenticity and heritage.
In From The Source, IRW sits down with Simon Burrett, general manager of marketing at Harris Scarfe, to get the skinny on the new branding and positioning that the Pepkor-owned department store chain is rolling out, part of which will include Debenhams concessions in select stores.
You’ll find all of this, and much more, in Inside Retail Weekly Issue 2111.
Inside Retail Weekly is the premium product in the broad stable of Inside Retail publications. It is published weekly, 48 times a year, and offers in-depth analysis of key retail industry news, hard-hitting opinion pieces, feature stories, and much more.
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