#Australian Retail
What’s really fuelling today’s successful retailers?
It’s the best of times and the worst of times. The state of Australia’s retail sector in 2019 brings to mind the famous opening line of Charles Dickens’ classic A Tale of Two Cities. One the one hand, we’ve seen the decline and demise of a string of once strong brands in recent years. The […]
Retail demand for digital devices strong, as prices continue to decline
Despite warnings of subdued confidence, consumers are continuing to purchase digital devices from local retail outlets as technology products continue to decline in price, new research has found.
Dick Smith speaks out against “capitalist” business models
Dick Smith has spoken out on the negative impact ALDI and Costco are having on Australian producers, saying blame shouldn’t be directed at Coles and Woolworths for the supermarket price wars.
Woolworths cuts Dick Smith loose
Woolworths has announced plans to put its iconic electronics brand up for sale, with the chain’s namesake and founder Dick Smith saying he’ll be angered if the chain’s sold into foreign hands, but can’t see a likely alternative.
Consumers should be spending, Harvey says
According to Gerry Harvey local consumers should be “as happy as pigs in sh**” and spending their cash, given low unemployment and the resources boom.
Retail sector must adapt and change: Shorten
Assistant Treasurer Bill Shorten has spoken about the Productivity Commission (PC) draft report into the future of the retail industry released last week, declaring the review makes it clear the Australian retail sector has a bright future but needs to continue to innovate and change.
What we can learn from Kathmandu
Julian Smith looks at the business lessons that can be gleaned from outdoor wear retailer, Kathmandu. “In a market where the big players such as Myer and David Jones are continually downgrading profit projections, how did Kathmandu do it?”
Retail pain continues as BSI falls, again
Poor spending looks set to continue hurting the retail industry, with the Commonwealth Bank Business Sales Indicator (BSI) falling again in June.