News & Discussion: CBD Retail

[monotonehell]

Finally saw the LAX store and im going to have to disagree with you there tyler. In my opnion the new fit-out is very fashion forward and looks more like a boutique in tokyo or paris than in adelaide. THe stock looks more exclusive and the forms shaped by the ply panels creates a great backdrop. Can definately see this sort of thing on coolhunter or in wallpaper mag. will post some pics soon to get more opnions going on this space. Definately a unique design which im sure will benefit the store.

Yes I also had a quick look, very contemporary. I only went there for the Mexico66s anyway.

It will be out of style in a few years, just like the last fit-out. lol

[russo92]

Went in to LAX the other day too , the panelling looks great its just they reallly have decreased the level of stock they keep. there were only like 5 pairs of shoes on display at the front with all the crappy merchandise/ accessory stuff, one row of mens wear to the right, womens wear to the left and jeans on the counter in the middle.

[JamesXander]

We often hear on these forums how the flagship Rundle Mall Myer department store is 'struggling' and 'making a loss'.

Here is the truth.

Hopefully we can put these negative rumours to rest just like those that say 'Rundle Mall is dying'.


From the Advertiser:

Myer hails Adelaide stores as perfect sales fit

From:The Advertiser
March 16, 201212:00AM


Adelaide is one of Myer's best performing stores in latest sales figures.


MYER'S five Adelaide stores were a bright spark amid weak sales in the department store's first-half results.

South Australia and Western Australia were the best performing states, the company said yesterday, as it reported a profit of $88.04 million, down 17.5 per cent, for the six months to January 28.

A Myer spokeswoman said the company had invested $13 million in extra staff hours and training to ensure customer service improved, which included product knowledge.

"We started that (training) program and trialled it in Adelaide," she said.

"We say that's a significant factor in the reason for SA being one of the best-performing states."

I know a company that supplies to Myer centre in the city. Their sales are f****d. I also know people who are working in the Myer centre, there sales are f*****. I think from a visible perspective many many tenants are leaving the centre. The centre is f****. It would be one costly centre to run also, must be close to losing money. Not good for the future.

[Nathan]

I know a company that supplies to Myer centre in the city. Their sales are f****d. I also know people who are working in the Myer centre, there sales are f*****. I think from a visible perspective many many tenants are leaving the centre. The centre is f****. It would be one costly centre to run also, must be close to losing money. Not good for the future.

So we take the word of a supplier (who would have no idea about sales figures other than for the specific products they supply), over Myer themselves?

[[Shuz]]

Actually, if you re-read the article again, it makes absolutely no mention of how much profit the Adelaide store made, just the national total.

Myer have 68 stores nationally, and only made an $88m profit which to me for a company of that size, seems like a shockingly poor result. All the article really is saying is that it's the best result of its poor results.

[monotonehell]

I've heard the same rumour from two sources now (just hearsay) that the former Border's site in Rundle Mall will be inhabited by one of the new Cotton On super stores. Book Boys are being kicked out (as is their popup business model lol) to make way for gutting and refurb.

[jk1237]

I know a company that supplies to Myer centre in the city. Their sales are f****d. I also know people who are working in the Myer centre, there sales are f*****. I think from a visible perspective many many tenants are leaving the centre. The centre is f****. It would be one costly centre to run also, must be close to losing money. Not good for the future.

Myer Adelaide the department store is different from the shops in the Myer Centre. Im assuming you do know that

[[Shuz]]

Plus, it should also be noted that the results performance of the Adelaide Myer store would likely be just for the store only, and doesn't include the Myer Centre itself.

The Myer Centre is likely to be administered by the Corporate Services division of Myer (as it is an asset, not a store) and therefore not the responsibility of the Adelaide division of Myer.

[crawf]

I've heard the same rumour from two sources now (just hearsay) that the former Border's site in Rundle Mall will be inhabited by one of the new Cotton On super stores. Book Boys are being kicked out (as is their popup business model lol) to make way for gutting and refurb.

Oh please no

[Waewick]

Plus, it should also be noted that the results performance of the Adelaide Myer store would likely be just for the store only, and doesn't include the Myer Centre itself.

The Myer Centre is likely to be administered by the Corporate Services division of Myer (as it is an asset, not a store) and therefore not the responsibility of the Adelaide division of Myer.

isn't the centre managed by colonial ?

[AtD]

I was under the impression that Myer had nothing to do with the centre, other than naming rights.

[Burger]

The Centre is owned and managed by CFSGAM (Colonial First State Global Asset Management) - the same crew who own and run Elizabeth, Castle Plaza and Chadstone (among many others).

Myer is 'just' a tenant. Generally, naming rights in retail operate slightly different to normal commercial property in that you don't usually get additional naming rights/signage rent. It's normally incorporated in the lease and covers branding, signage, size, location etc.

[Plasmatron]

Did anyone else notice that the yd shop in Rundle Mall was recently renovated? It's had a glitzy, sleek Hollywood-esque makeover... I don't quite know what to make of it.

[monotonehell]

Did anyone else notice that the yd shop in Rundle Mall was recently renovated? It's had a glitzy, sleek Hollywood-esque makeover... I don't quite know what to make of it.

Simply EVERYONE noticed, but we were all too polite to mention it.

[crawf]

Did anyone else notice that the yd shop in Rundle Mall was recently renovated? It's had a glitzy, sleek Hollywood-esque makeover... I don't quite know what to make of it.

Hopefully they have added mirrors in the change rooms, it was annoying the mirror was between the change rooms.