The Australian Retailers Association (ARA) and Roy Morgan are expecting to see sales of barbecues, camping and outdoor leisure equipment to rise 135 per cent in the lead up to Christmas.
The average Australian is expected to spend an extra $1,079 this coming festive season, according to new research from CommBank.
The majority of Australians consider the price of an appliance as the number one priority before buying, according to findings released by Roy Morgan Research.
55 per cent of shoppers admitted to in-store browsing before buying from online competitors, highlighting the need for retailers to offer goods and services on various platforms.
The Australian Retailers Association (ARA) is expecting shoppers to spend $45 billion during this year’s pre-Christmas period.
The latest Retail Trade figures have been released by the Australian Bureau of Statistics, revealing a turnover rise of 1.2 per cent in September 2014.
A new Productivity Commission report has found the cost of doing business in the Australian retail sector is inflated by inefficient red tape and a number of anti-competitive restrictions.
Australian retailers are facing higher costs than those in the UK and US, according to a report released by the Productivity Commission today.
The Australian dollar has dropped on the back of a lower than expected increase in retail sales, with purchases taking a dive for department stores and household good retailers.
In an evermore competitive market, Australian retailers are struggling against the rising number of multinational chains setting up camp.
