David Jones

David Jones Ltd (DJS), one of Australia’s oldest and most recognised department stores was founded in Sydney in 1838 and is a retailer of diversified products ranging from clothes to daily home products. This report’s purpose is to provide the David Jones’ Board and Senior Management advice through the assessment of SWOT, resources, capabilities and strategies with a Balanced Scorecard and Strategy Map as the measurement of the strategies.

The following financial report provides an analysis of the financial ratios of David Jones with its close competitor in the retail sector, Myer. The financial ratios analyzed include profitability ratios, leverage ratios, efficiency ratios and market ratios for the two companies. The analysis utilizes individual company time-series analysis as well as industry cross-sectional analysis with the aim of determining the competitiveness of David Jones relative to its close competitor Myer.

Bigotry and stubbornness are perceptible attitudes of small-town communities in 1960's Western Australia. The notion that the inhabitants of the tight-knit community of Corrigan are racist, prejudiced and ignorant is explicated in Craig Silvey's coming of age novel, Jasper Jones. The bildungsroman is narrated by Charlie Bucktin, an adolescent from the small town of Corrigan. Charlie becomes unexpectedly involved with a local indigenous boy, Jasper, as they set out to discover the truth about the death of a young girl from their community. Throughout this quest, Charlie comes to many realisations about life, ultimately, that society can be very cruel. The prejudism and ignorance of the tight-knit community of Corrigan manifests in the

R v Andrew Leigh Jones pleaded guilty in the magistrate court to trafficking a controlled drug and well as 12 other offences that was brought up from the magistrate court to be sentenced in accordance to section 18 A. Some of the 12 other offences included 5 counts of failing to comply with bail agreements, 2 counts of driving while disqualified, 1 count of driving a motor vehicle without being authorised, one count of driving an unregistered vehicle, 1 count of driving an uninsured vehicle, 1 count of possessing a prohibited weapon and 1 count of unlawful possession. For trafficking a controlled drug a maximum penalty of 50,000 or imprisonment for 10 years while the other 12 offences accumulative not including drug trafficking

The retail industry is saturated with substitutes, in part to low entry barriers. Online shopping and small boutiques stocking similar lines, brand names and designs provide David Jones potential customers with many substitutes. It is the David Jones experience that cannot be substituted; shopping in a large, upmarket department store. For the sector, substitutes are low.

As we know, conditions that cause high rivalry among competing firms can be the numbers of competing firms named above but also when competing firms are of similar side. According with Statista based on US retail sales in 2015 TJX has $23.56 billion and GAP has $12.6 billion and Target (named before as a competition) has $73.23 billion.

The Five Forces Model as defined by Dr. Michael Porter of Harvard University uses five different strategic factors to explain Competitive Rivalry a company or industry faces. The fiver forces that comprise the model are Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of Substitute Products, Potential Entrants and Completive Rivalry (Porter, 2008). The intent of this analysis is to rank-order each of these five factors from the standpoint of their influence on Target Corporation (NYSE:TGT) and their competitive position in the retailing industry. Each of the five forces are rank-ordered in terms of their importance to Target.

Although 2012 has seen some increase in the industry revenue, IBISWorld predicted continuous decline until 2014 (Outlaw, 2012). David Jones announced in its ASX Release 40% decline in profit-after-tax in 2012 is expected, partly associated with costs involved in its new strategic initiatives (David Jones, 2012). Myer, David Jones’ closest competitors, experienced decreased total sales of 3.8% and stated in

David Jones Limited is a foreign-owned public company. It is owned by South African Woolworths Holding Limited. The company operates department store in Australia. There are 39 department stores existing across all states and territories in Australia. David Jones department store has a wide range of product to select, from ladies fashion, shoes and accessories, menswear, children’s wear, cosmetics, home decors, school supplies, office supply and many more. The company also offers financial services in alliance with American Express. Furthermore, the company also offers other products and services that include insurance cards, gift cards, online shopping, gift registry, hampers, flowers, food hall, The Rose Clinic health screening and interior decorating, (IBIS World, 2013)

The main purpose of this report is to analyse David Jones’ business performance and to determine whether it is a worthwhile investment. Two main points will be closely examined: classification of non-recurring items and recurring items, and ratio analysis. First, clarifying the generation of income made by ordinary activities and extraordinary activities will enable us to estimate the firm’s real earning power. Second, analysing historical financial data, using ratios, will enable us to understand the quality of the firm’s performance, such as profitability or efficiency. Analysis is also performed by comparison of David Jones’ ratios with others: I have compared Myer’s and industry average data with David Jones.

Threat: Forces shaping the Nordstrom’s strategy is that it is operating in highly competitive environment, where apparel sold by it is not only competing with large organized departmental chains but, also from small independent boutiques in the U.S. As a result competition has become very stiff in retail

Date: Pages: Price: ID: SUMMARY David Jones Limited (David Jones) is a department store retailer in Australia. The company carries out the operations of department stores. Its product portfolio includes ladies fashion, children’s wear, menswear, shoes, travel goods, beauty products, homewares, stationery, toys, electricals and many more items. The company also provides interior decoration comprising furniture, window treatments,

Even though this report agrees with the current restructure and rescue plan of David Jones, which were divided main three parts including eleven subparts that are renovating store policies, focusing its core strengths, and transferring from traditional business to technologically oriented business, I want to add two main parts that are sustainable training and focused marketing strategy.

Next, there is a moderate threat of substitute services. More and more offline companies are tapping on the vast potential of the online market through the creation of their online retail sites. For example, if someone wants to get a Dell computer, he may choose to go to Dell’s online store to purchase it. However, the uniqueness of the online auction site is that almost everything under the sun can be listed for sale. If a person is looking to buy something special, he can more often than not find it listed on eBay.

It is important to remember that no retailer, however clever, can design a strategy that will totally insulate it from competition. This is true even if the retailer has done an excellent job in developing and following its mission statement, setting its goals and objectives, and conducting its SWOT analysis; customer still have shopping choice. The rapid growth of discount department stores, convenience stores, and catalog and internet retails attest to this fact. Some merchandising innovations can be easily copied and