South African retailer Woolworths will meet in the next few weeks with David Jones’ suppliers to discuss which brands will go and which will stay under its private label strategy.
Woolworths chief executive Ian Moir has tried to quash concerns that David Jones, known for its range of international, national and designer brands, will become more like a Marks & Spencer or even Target after Woolworths’ $2.2 billion takeover.
“Everybody seems to be getting quite scared about what we’re going to do about private label,” Mr Moir told AFR Sunday. Sydney Morning Herald – Read more…
Woolworths chief executive Ian Moir has tried to quash concerns that David Jones, known for its range of international, national and designer brands, will become more like a Marks & Spencer or even Target after Woolworths’ $2.2 billion takeover.
“Everybody seems to be getting quite scared about what we’re going to do about private label,” Mr Moir told AFR Sunday. Sydney Morning Herald – Read more…