Freshly Squeezed: 29.08.19

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By Published On: August 29, 20190 Comments

Big W to close 30 stores across Australia and Miele ANZ announces a new General Manager. Get a healthy dose of news as we uncover the day’s top stories in e-commerce and retail.

Miele ANZ Announce New Managing Director

The German appliance company, Miele, has announced a new Managing Director for Australia and New Zealand. Sjaak Brouwer, who led the Miele team in Australia for five years, is retiring and is set to be replaced by Yves Dalcourt. Mr Brouwer will return to the Netherlands, but leaves behind a legacy of ‘heading up the 500 strong ANZ team, and taking the company through a ‘number of launches and forged strong commercial relationships across key sectors’. Mr Dalcourt has been in the role of President of Miele Canada and will assume the role of General Manager in 2020. “I am delighted to be handing over the reins to such a strong leader, with a deep respect for the Miele brand, genuine passion to provide customers with the highest quality product and lifelong experience. Yves’ talents will support the region’s growth and continue to build on the strong team we have created,” explained Mr Brouwer.

“Sjaak’s contributions to Miele ANZ have been invaluable, and his strategic direction has seen the brand go from strength to strength, setting the standard in the market. I’m looking forward to leveraging my experience and passion for the Miele brand from my work in Canada to continue creating extraordinary experiences for our customers in Australia and New Zealand,” said Mr Dalcort.

Virgin Australia to Cut 750 Jobs

Virgin Australia is set to cut 750 corporate and head office jobs following a $349 million ‘disappointing’ loss in the last 12 months. All up, the airline has lost more than $1 billion over the previous seven years, resulting in the company scaling back operations in certain areas to reduce costs. “There is no doubt that we are operating in a tough economic climate with high fuel, a low Australian dollar and subdued trading conditions,” explained Paul Scurrah, Virgin Australia’s Chief Executive. “We intend to further reduce flying across elements of our short-haul international and our domestic network to match our strategic positioning and the market conditions as well as to maximise route profitability.”

Le Tote Acquires Lord & Taylor

The U.S. department store, Lord & Taylor, has been sold to Le Tote for $75 million, a fashion rental company. Lord & Taylor was established in 1826, making it the oldest department store in U.S history. “Since founding Le Tote, it’s been our mission to push the boundaries of retail,” said Rakesh Tondon, CEO and Founder of Le Tote. “We’re excited to bring Le Tote together with Lord & Taylor, a storied brand that has stood for quality, style and service for nearly two centuries. With this acquisition, we continue our journey in creating the future of retail.”

Big W Set to Close 30 Stores

Woolworths plans to close 30 Big W stores across Australia after profits slump $85v million. Earlier in 2019, Woolworths, the parent company of the affordable brand, said it would consider closing 30 of the least profitable stores in Queensland, Sydney and other locations around Australia. “In 2020 financial year, we expect the uncertain consumer environment and input cost pressures to remain, as well as an impact from new enterprise agreements,” explained Brad Banducci, Woolworths’ Chief Executive. Distribution centres in Queensland and South Australia are also expected to close due to profit losses; it’s likely that 1,000 jobs will be at stake.

Catch up on yesterday’s Freshly Squeezed news here.

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