Commsec: Aussies spending on experiences

We’re going to the cinema, taking short breaks and focusing on holidays, with tourist destinations like Tasmania recording healthy spending results despite lacklustre overall spending, according to the latest data from Commsec research. Craig James, Chief Economist at Commsec has reported that economy-wide spending has remained flat over April, with annual trend growth in sales […]

NSW leads the way in retail spend: CommSec

State of the States CommSec Report Jan 2017

How are retail businesses performing across each of Australia’s states and territories? Each quarter CommSec analyses key indicators across the Australian economy and compares current performance with decade averages, and each of the states. According to the CommSec State of the States January report, NSW has maintained the top spot on the retail rankings with solid activity […]

Message from the CEO: 14 November 2016

Dominique Lamb CEO National Retail Association

First the good news. I declare this column a US election-free zone. There’s plenty of speculation about what it all means for Australia and our economy. I’ll leave that to the “experts”. Much closer to home and, I think, far more relevant to NRA members is the research released by the Commonwealth Bank on Friday, […]

New research a wakeup call for retailers when it comes to price strategy

Commonwealth Bank Retail Insights Report 3

MEDIA RELEASE New research revealed in the Commonwealth Bank’s Retail insights report should act as a wakeup call for retailers when developing pricing strategies, particularly as the industry heads into the busy Christmas and New Year period. The report demonstrates that there is no one-size-fits all approach when it comes to pricing strategies for retailers. […]

Message from the CEO: 31 October 2016

Dominique Lamb CEO National Retail Association

It’s shaping up as possibly the most significant week for retail industry data, as we look for indications of the upcoming pre-Christmas period.  Firstly, the Reserve Bank Board will meet tomorrow for its regular discussion of monetary policy. And while general financial industry talk is playing down the chances of a Cup Day rates cut, […]

Message from the CEO: 24 October 2016

Dominique Lamb CEO National Retail Association

Retailers have reason to be hopeful of a very Merry Christmas in 2016, following the release of the Commonwealth Bank Business Sales Index (BSI) for September. The BSI – released late last week – was jam-packed with good news for retailers on the consumer spending front and this should act as a real shot in […]

Christmas shoppers shop early and want more discounts

Commonwealth Bank Australia (CBA) says 74% of retailers won’t be changing their approach to sales this Christmas, even though about half (46%) of shoppers expect larger discounts during the festive season. According to CBA’s latest research from the Retail Insights Report, 18% of Australian retailers have commenced some form of Christmas sale, and 48% of consumers […]