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Australian Members - Page 1200

post #17986 of 57822
Quote:
Originally Posted by Prof. B. Bear View Post

You know how much DJs buys a ZZegna suit for? $399. They retail for $1,299.

I hear you.
post #17987 of 57822
Having said all that, as has been mentioned extensively, there are clearly other reasons (beyond price discrepancies) for the failings of the clothing retail sector in this country in particular.

If it was all doom and gloom, zara and top shop wouldn't be opening here and announcing large profits.
post #17988 of 57822
Quote:
Originally Posted by lachyzee View Post

Having said all that, as has been mentioned extensively, there are clearly other reasons (beyond price discrepancies) for the failings of the clothing retail sector in this country in particular.
If it was all doom and gloom, zara and top shop wouldn't be opening here and announcing large profits.

Exactly right.
post #17989 of 57822
I think the issue is for DJs in particular is that they sell too many things. They were fine as a more posh alternative to Myer when there was a duopoly and no internet. I have heard that the menswear floor in Bourke street is still hitting its numbers (though someone else might know more?) so it would seem that they need to start cutting their lines. Do they need to sell books and vacuum cleaners? Is this essential to their offer? I'm genuinely intrigued about this.
post #17990 of 57822
Quote:
Originally Posted by lachyzee View Post

Having said all that, as has been mentioned extensively, there are clearly other reasons (beyond price discrepancies) for the failings of the clothing retail sector in this country in particular.
If it was all doom and gloom, zara and top shop wouldn't be opening here and announcing large profits.

They sell their own manufactured goods. Thus they have really high profit margins.
post #17991 of 57822
Quote:
Originally Posted by The Ernesto View Post

I think the issue is for DJs in particular is that they sell too many things. They were fine as a more posh alternative to Myer when there was a duopoly and no internet. I have heard that the menswear floor in Bourke street is still hitting its numbers (though someone else might know more?) so it would seem that they need to start cutting their lines. Do they need to sell books and vacuum cleaners? Is this essential to their offer? I'm genuinely intrigued about this.

 

Agreed,

 

I used to work in the computer/electrical department at DJs but could just feel it going downhill.

There was a push to be more like other retailers, bringing in lower quality products, super duper deals etc. I could see the need for some of the service. The older generation flocked in to buy computers/radios/TVs etc because they valued the service....

 

The real problem is that DJs is slowly loosing it's exclusivity. Shame really.

post #17992 of 57822
On the GST threshold... my sources tell me there is work underway in certain quarters to quantify the value of exports that come in under the low value threshold.

Some of that work has already indicated that the true value of all imports that enter the country valued <$1,000 is around $6 billion. Given Australia imported ~$215 billion last FY it's about 3%, or in layman's terms, piss all.

Furthermore, the revenues estimated to be generated by applying GST to these items (~$600 mill) pale in comparison to the costs of actually enforcing a lower threshold (estimated at ~$3b). If the states think they are going to get the Feds to pay $3 billion more so they can have a $600 mill larger slice of the GST pie, I would suggest they are pushing shit up hill.

Having said all that, Canada, the US and UK are all examples of countries with very low LVTs (less than A$100), so there is precedent.
post #17993 of 57822
Thanks for giving us some clear figures there to mull over, Prince.
post #17994 of 57822
Quote:
Originally Posted by md2010 View Post

They sell their own manufactured goods. Thus they have really high profit margins.

Yes obviously - my point is that it's not like Australians have stopped wearing clothes, or completely stopped shopping locally.

There are more fundamental problems with these department stores.

By the way IIRC DJs and Myer both own or have an interest in a fair portion of the brands they stock e.g. Myer owns Blaq.
post #17995 of 57822
DJs does also sell certain clothing and furniture items under its own brand, too.
post #17996 of 57822
Electronics is the number one products sold online. Its now easy to compare a specific model Samsung 50inct LCD tv on Google search. And you will find at least 10 online stores based in Australia will have 20% cheaper pricing than what Harvey Norman charges. What’s next ? Mr Norman will ask government to stop the internet all together so he can get rich by robbing people ?
We all know why he is bitching so much. Responsible lending is in place. Now Mr Norman can’t sell $5k worth of goods(interest free trap) to an unemployed household anymore.
Weak up Gerry your days are numbered …….
post #17997 of 57822
Quote:
Originally Posted by Prince of Paisley View Post

Having said all that, Canada, the US and UK are all examples of countries with very low LVTs (less than A$100), so there is precedent.

Would be interested to know how much enforcement costs in these countries vs how much they collect, and how they do it...
post #17998 of 57822
Quote:
Originally Posted by md2010 View Post

They sell their own manufactured goods. Thus they have really high profit margins.

This is why the old business model of buying design #3821 from Guangzhou textile factory #684, sewing your own label on it and selling it for $99 won't work anymore. You have to distinguish yourself through your design, not through your cost. Commodity clothing (or anything else) will always be cheaper on the Internet than in a real store.

Cue is a good example of a local firm that manages to design it's own lines in house, manufacture its clothing in Australia, and demand a premium from a loyal customer base that keeps them profitable. It is a model that merits some admiration, though I'm not convinced you can easily translate it to menswear.
post #17999 of 57822
I love the way News Ltd takes the raw, untested figures from the retail lobby and prints them as gospel. 'This is equal to 150 extra teachers! 200 policemen!'.

The perverse logic that somehow we're missing out on essential services because we're not being taxed enough and we have the cheek to purchase goods online.

These are the same papers that decry the tax burden on 'ordinary Australians' at every opportunity.
post #18000 of 57822
Quote:
Originally Posted by tobiasj View Post

Great poast smile.gif
So I'm going to be in Sydney in a couple of weeks and I thought I would stop by MJ Bale and Herringbone's HQ...but which address IS Herringbone's HQ? Also, is their factory outlet worth a visit?

Quote:
Originally Posted by Pink Socks View Post

[doffs cap this], Thank you, carry on.
Actually I am going to Sydney over the weekend for Tough Mudder on Saturday morning and may have the chance to look around and browse some shops, can anyone recommend a few places to go, or point to a previous post that details this. I am in Melbourne so looking for places that are a little more Sydney unique if possible.
A Sydney post like this would be great - http://linenforsummertweedforwinter.tumblr.com/post/16382719413/hey-man-i-saw-a-couple-of-places-that-youre-from

Hey guys.

Shopping wise, this is what I know:

Herringbone's Woolhara Store is their HQ, I think. Never been there though. The Circular Quay Store is pretty big; that's where Ethan worked. Factory outlet can be hit and miss, but worth a visit as they may have really nice sport jackets at about $250 or so,

Bale's Woolhara Store is their HQ and probably their biggest; apparently, it's right next to Herringbone! biggrin.gif

Charles Nakhle is always worth a visit, but he's all the way in P'matta.

Non-shopping wise, how about a ferry from Circular Quay to Watson's Bay? Take in the picturesque scenery, and have Fish & Chips from the Doyle's kiosk by the pier. icon_gu_b_slayer[1].gif
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