Myer Holdings Limited
Myer caters for a large number of Australian households, offering more than 600,000 product lines, comprising 2,400 brands sourced from over 800 suppliers globally. Myer's offering comprises eleven core product categories including womenswear; menswear; youth fashion; childrenswear; intimate apparel; beauty, fragrance and cosmetics; homewares; electrical goods; toys; fashion accessories; and general merchandise. The broad appeal of Myer's offering is evidenced by its strong store patronage, with 185 million visits in FY2010.
Buchan's design for Emporium Melbourne has taken out the Sir Osborn McCutcheon Award in Commercial Architecture in this year's Victorian Architecture Awards. Attracting a high calibre of entrants, the Victorian chapter of the annual Australian Institute of Architecture Awards program celebrates excellence in design and recognises the innovative work of Victorian architects.
David Jones Limited (ASX:DJS) (OTCMKTS:DVDJF) announced that it has appointed Macquarie Capital (Australia) Limited as joint investment banking advisors to work alongside Gresham Partners Advisory Limited.
Myer Holdings Limited (ASX:MYR) today announced that it will acquire a 65 percent stake in sass & bide ("sass & bide"), one of Australia's most respected and successful women's fashion brands, for A$42.25 million. Myer will have exclusive department store rights to distribute this iconic, designer brand, as well as benefiting from the expansion of both sass & bide's standalone store network, and its domestic and international wholesale businesses.
(Global Fashion Wire) - Following the launch of her first Shanghai boutique in December, Leona Edmiston one of Australia's leading fashion designers, is adding another two new Myer (ASX:MYR) concessions to her network.
The Australian stock market opened sharply lower on Monday led by material sector. European bourses broadly tumbled on Friday as European governments' deep spending cuts increased worries over the region's economies. The negative sentiment also spreads through Wall Street and Asian Markets. The Australia's S&P/ASX200 index Monday fell approximately 1.8 per cent in early trade. In economics news today, the Australian Bureau of Statistics releases lending finance data for March.
Australian shares ended lower on Thursday after a weaker-than-expected ABS retail sales data and Myer's disappointing result for first half FY2010. The benchmark S&P/ASX200 index closed 26.3 points, or 0.57 per cent lower, at 4621.6, while the broader All Ordinaries index gave up 29.1 points, or 0.62 per cent, to 4644.1.