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 […]
There’s a distinct social movement underway not just in Australia, but worldwide – the luxury retail market is evolving, and it’s booming. The incredible growth of the Chinese middle class, growing consumer confidence in Europe, and increasingly diverse tourism markets world-wide, in a world defined by digital technology, is redefining the luxury market. A recent […]
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 […]
QUT BUSINESS BREAKFAST BRISBANE: FRI 27 APRIL Just as Airbnb disrupted the hotel sector and Uber disrupted the taxi industry, retail is facing its own seismic changes. In the first retail-themed QUT Business Breakfast for 2017, National Retail Association CEO, Dominique Lamb and QUT’s retail expert Assoc. Prof. Gary Mortimer, will explore retail disruption and the issues […]
Source: Forbes Forbes recently published their seven “under-the-radar” trends for 2017 in terms of retail. Bryan Pearson asked retailers “What do you predict will be the stealth trends of 2017?” Here’s what they noted: The Menaissance: “We will continue to see men take the lead in spend(ing). Already, for the first time ever, men are outspending […]
A very happy new year to all of our members and to all of the retailers who read our newsletter! The question on every one’s lips is what we can expect in retail for 2017. According to Vend’s white paper, success for retailers in 2017 will depend upon whether they are: Promoting product quality, transparency […]
Australian retail turnover rose 0.6 per cent in September 2016, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 0.5 per cent in August 2016. In seasonally adjusted terms, there were rises in household goods retailing (2.3 per cent), cafes, restaurants and takeaway food services […]
Deloitte Australia has released their first volume in their Retail Trends series which will explore trends and issues in retail. The ‘Technology in Retail: from centre stage to supporting player’ report covers issues facing Australian retailers including predictions, disruptions, trends, consumer desires, customer experience and the state of omnichannel retailing. David White, of Deloitte Australia […]
According to the latest report from the Australian Bureau of Statistics (ABS) for retail trade in July 2016, retail trade figures have continued the flat trend that they finished the 2015-16 financial year with. Seasonally adjusted, retail turnover for July 2016 remained more or less unchanged at 0.0 per cent, which follows a rise of […]
Retailers are investing more than ever before in their digital retail offer, but do they truly consider the reason for bringing digital aspects into their store, or are they simply following the trend? So, as a small retailer how do you compete? Last month in collaboration with our partner’s at Retail Doctor Group we hosted […]
Telstra has released new research into the dynamic and evolving trends shaping modern retail today and into the future. Innovation in Retail highlights the technologies that will shape the retail sector in the next 2-5 years – changes driven primarily by heightened customer expectations and increased competitiveness in the sector. The report also covers the […]
The National Retail Association has this week downgraded its annual forecast for actual retail sales in 2015/16, following sustained, flat growth across the third quarter. Between January and March, retail sales have been soft, with only minimal growth in trend terms. For this reason, the NRA now forecasts that the Australian retail industry will generate […]
Digital is defining retail. Customers have more access than ever with online stores in the palm of their hand wherever and whenever they want to shop. Digital influences over 40% of bricks and mortar store visits and it has been shown that the use digital devices increase shoppers order sizes by 21% on average. So […]
What are the big trends for retailers to watch in 2016?How is digital innovation transforming the retail industry?How do you create a brand for the future? Devising a strategic marketing plan, when the rules, and the tools, for creating them are in a constant state of evolution, is more challenging, but more exciting, than ever […]