Can they reinvent themselves and compete head on with big international brands? Are their days numbered? If so, how long? If you were CEO what would you do?
Growing up in the 80s, lower middle class Melbourne (St. Albans) in the mid 80s to mid 90s, I fondly recall it was a massive deal to shop at Myer Highpoint and somewhat if you held their plastic shopping bags, it was something of a "wow" factor. DJs - hah that to us poor peasants was unheard of to shop at, the only time I ever purchased was a pair of shoes for work (forgot which brand) as they were the only ones who had the sized I wanted.
Myer use to stock decent stuff ... but not anymore and I have slowly seen them dying with closures of their electronics/household goods line....sad, but these days its all internet. Weirdly enough, in the days of the internet and shared knowledge/info, as a teenager, I could NEVER imagine these two retailing giants one day dying....
Growing up in the 80s, lower middle class Melbourne (St. Albans) in the mid 80s to mid 90s, I fondly recall it was a massive deal to shop at Myer Highpoint and somewhat if you held their plastic shopping bags, it was something of a "wow" factor. DJs - hah that to us poor peasants was unheard of to shop at, the only time I ever purchased was a pair of shoes for work (forgot which brand) as they were the only ones who had the sized I wanted.
Myer use to stock decent stuff ... but not anymore and I have slowly seen them dying with closures of their electronics/household goods line....sad, but these days its all internet. Weirdly enough, in the days of the internet and shared knowledge/info, as a teenager, I could NEVER imagine these two retailing giants one day dying....