Myer Cuts Jobs, Cancels Annual Supplier Ball
New Myer CEO, John King, has reportedly ruffled a few suppliers’ feathers, following reports he’s cancelled the annual Supplier of the Year Ball – coupled with claims of several Head Office job cuts.
According to afr, staff are bracing for major Head Office changes, with King seeking to reduce management layers and increase marketing capabilities.
Myer’s Melbourne HQ is tipped to significantly decrease, reducing rental costs.Despite this, King is reportedly eyeing new international talent, following appointment of former House of Fraser executive, Allan Winstanley, as Chief Merchandise Officer in May.
Job cuts coincide with Myer cancelling its Supplier of the Year award – a long-running tradition with lavish festivities, brand ambassador interaction and a way of celebrating supplier relationships.
afr claims the annual event is largely funded by suppliers, with a table for 10 reportedly costing $4,200 last year.
The ball was reportedly cancelled because it fell at a “critical trading period”.
Similar to previous years, the event was scheduled to occur on November 30th, however, King is said to be focused on generating a “successful” trading period.
Suppliers are asked to make contact for ticket reimbursements, with reports suggesting another ball will take place at a later date.