Who says they will change the name?
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Well thatâs interesting. Lets see how that turns out. Also looks like it means another shop will get another major renovation in my local shopping center. 
Yep. From the PDFâŚ
- Convert to Dollarama shopping experience
- New store design and layout, product merchandising
Which means The Reject Shop will disappear from Aussie shores and will be replaced by Dollarama. The end of an era.
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Doesnât explicitly say changing then name there though
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Yeah. It just says the âDollarama experience and store layoutâ which are probably similar to The Reject Shop anyway. Do wonder if they will change the brand to something other than trs or Dollarama though?
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It would be a bit of a gamble if they are doing that. Maybe they might trial a few stores see how it goes then if it is worth doing a complete rebrand then do it.
Dollarama sounds stupid. At least you know what The Reject Shop stands for.
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Dollarama name would appeal to more people. Reject shop name is tacky and I know many people who wonât shop there purely as itâs a seen as a cheap and nasty brand.
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Itâs where my sister came from. 
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My local chemist warehouse has now employed a security guard that watches over the cosmetics area.
Theft is really bad it seems still. I was in Myer last week and was probably at least $300 worth of stolen tags left in the cubicle change room. I gave it to the staff who just rolled their eyes and sort of said nothing they can do sadly. If people want they want and they will do whatever to take it.
I think itâs the âshop within a shopâ concept that most other stores have completed over the last 12-18ish months ? Granted I know some BIG W stores in other locations have undergone another complete store refit (futuristic stores IIRC - think how Target was undergoing a makeover several years ago before it was stopped for EVERY store. Chadstone and Eastland SC in Ringwood were two of the Victorian stores that were finished in that sense). A lot of stores still have a lot of the old fixtures being used in various areas of the store, unsure if every area will get touched up in due time.
And yes it still doesnât deter theft, even when the HBA/Cosmetics area is manned stuff still miraculously walks out of the section and into the fitting rooms.
Losing the % discount doesnât phase me a great deal as I may shop at BIG W or even Woolworths once in a blue moon. I was still surprised by it. The next financial year will dictate where BIG W is going in the future, itâs a bit of a weird situation. Theyâre either partially or fully refitting a lot of stores, lots of other upgrades have been or are in the process of being completed. The brunt of the âlossesâ can be attributed to the investing theyâve done and are still doing for the future (eg: yet another revamp of the inventory system).
Theyâve said that they are going to reduce the amount of stock that they are selling, but Iâm yet to see it in practice this was promised last year, yet we seem to still be getting more stock than what we have room for both in the store itself AND out the back of our warehouse area.
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I donât think they are burning money due to capex projects, at the half results they have been very firm on clothing is extremely loss making, and at the Q3 the other week they also said clothing was hurting the business and they will be posting a $70m loss. They have also alluded to increased competition in areas like Pets (Bunnings), Cleaning (Bunnings), and Health (Chemist Warehouse). Needless to say BIGW is a vulnerable business. I find it almost impossible that you could give any earnings forecast for this business, ever. They just need to have a bad year in the clothing space and the whole company is going under, itâs a messy business that will never be a consistent performer.
The fact, moving forward, BIGW is a business that is going to need significant capital in the coming years. Itâs pretty clear when reading into some recent results commentary, that this wonât be coming from Woolworths.
Private Equity will pick this business up for small change either later this year or into next year. Unknown if they will put out a public pitch, or if they already have someone lined up.
Woolworths Group have got distracted in recent years. They shouldnât have picked up Petstock, and instead focused on moving out of the General Merchandise categories and focused on the Food Group. I think itâs pretty clear thatâs where itâs now headed. As a shareholder they need to go back to its core, Food. Iâm confident that they doing that at the moment, and alongside the current cost savings plan, it should be a relatively good performer in the medium to longer run once they cut off all the dead weight, target range of $40-$50 would be in reach.
Returning to the topic of Big Department Stores, the more best way to resurrect chains like David Jones and Myer is to plan Full Store renewal programs that will include existing store refurbishments incorporating downsizing and/or full store refurbishments because Iâm thinking that Clearance Outlet Stores (About The Size of your average Full Line Coles/Woolworths Store) from both chains is the best way to go for now.
I know both David Jones and Myer have attempted this format a few times since the 1990s across Victoria and New South Wales but should it be reintroduced, spread it all across mainland Australia (Including Australian Capital Territory).
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The average renewal cost for such a large department store is anywhere from $5m to $10m depending on size and how heavy one goes.
They just canât justify that when they are barely breaking even.
Kmart has renewed the whole fleet pretty much as they have the earnings to do so. Iâd say some of the Kmart fleet is looking a bit shabby at the moment, itâs been 10-15 years since they kicked off the full nework renewal.
Not sure where Myer is going. Continued profit downgrades and alarming commentary. They donât have large amounts of cash on the balance sheet to run a low or unprofitable business over the medium term.
A few months ago
Colette by Colette Hayman is closing permanently.
My local BigW has had a pretty significant revamp not that long ago.
Theyâve also just done a big update to rip out the old garden centre and turn it into a Direct to Boot area. Didnât think Direct to Boot would be that big these days.
Oh, so do I. I shop at TRS far far more than the house of Anko.
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Woolworths will drop the price of nearly 400 items as Australia edges towards winter. The cost-of-living offer is designed to reduce staple products that shoppers regularly buy, like chicken schnitzel, Greek yoghurt, and frozen berries.
A family spending $150 on their weekly shop is expected to save around $15, with the average price drop being 10 per cent. Woolworths CEO Amanda Bardwell hopes will be a âmeaningfulâ difference at the checkout.
Woolworths took out a full page ad in todayâs News Corp papers.
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