The retail trade figures for July released by the Australian Bureau of Statistics this week showed that the industry enjoyed a solid start to the financial year. I’m always aware that these figures vary from state to state and sector to sector, but on the whole it was encouraging to see the 3.5 per cent […]
The Australian Bureau of Statistics (ABS) retail trade figures for July 2017 released earlier today show a stable start for the industry in the second-half of the year. For the month of July, the trend estimate for Australian turnover rose by 0.3 per cent, closely in line with 0.4 per cent increases recorded in May […]
Last week the National Retail Association bid farewell to our office in Woolloongabba for a new headquarters situated in the bustling Inner-Brisbane suburb of Milton. While our old office had served the NRA well, in order for us to continue providing the very best service to our members, we felt the need to move to […]
The Australian Bureau of Statistics (ABS) retail trade figures for May 2017 has shown a steady rise of 0.6% turnover, seasonally adjusted. NRA CEO Dominique Lamb said that while retail was experiencing a quiet period, the industry remains in steady shape and should continue to pick up following the introduction of reduced Sunday Penalty Rates. […]
Last week saw two lots of major news for the retail sector, and overall it was a mixed bag. Tuesday’s announcement by the Reserve Bank of a cut to official interest was good news at first glance, even though it carried the underlying warning from the RBA of weakness in the economy. We know that […]
The Competition and Consumer Amendment (Payment Surcharges) Act 2016 commenced on 25 February 2016. The Act insert a new section into the Competition and Consumer Act 2010 (CCA) which bans excessive payment surcharges. The introduction of this ban now prohibits excessive surcharges relating to payments covered by a Reserve Bank of Australia (RBA) standard or […]