Sunday, 4 October 2015

Retail News Briefs - 4/10/2015

David Jones Chief Quits - Iain Nairn has resigned from the department store after just 14 months and is set to be replaced by ex Marks & Spencer executive John Dixon. Dixon led a major turnaround in the food business of the UK retailer. recently reported on DJ's aspirations in the food category - Nairn will continue to advise at DJ's for 3 months. 

Aldi To Launch Online - Aldi UK is to launch an online presence next year. The online store will sell Aldi's range of private label wine followed by "non-food special buys" later in 2016. Aldi has become the U.K.'s fastest growing grocer.

Kogan Wants To Become A Department Store - online retail giant, Kogan, wants to branch out into broader categories and become the bargain-hunters preferred option across more than just electronics. Kogan has quietly introduced private label brands of sports equipment, power tools, manchester, travel goods, and even pet supplies over the past year.

Nestle Abandons Brand Website For A Blog - Nestle's Nescafe website is to be transformed from a standard brand site to a Tumblr blog. The aim is to build a stronger relationship with younger consumers using a social media format.

Myer's Turnaround Is Expensive - Myer is valued at $700m yet their turnaround plan will cost $600m according to new Myer's boss Richard Umbers.