Department
store, David Jones, has given suppliers 12 months to make their products
globally competitive.
DJ's say
they have been very successful in reducing most prices to at least meet global
standards but that suppliers who did not meet the new standards would find
themselves on the outer.
The
department store has also announced successful signings of some suppliers from
their arch rivals Myers (Givenchy, Pucci), and new lease negotiations which
will see lease periods reduced from 25 years to 15 years.