Twenty-twelve is shaping up as another tough year for retailers, so businesses in the sector should look at implementing these five strategies now to encourage customers to buy from them more often.
As Woolworths and Coles get set for yet another price war, Food Connect and CERES Fair Food have joined forces to call on the Australian Competition and Consumer Commission (ACCC) to end the supermarket duopoly and urge consumers to support smaller, local businesses.
Retail turnover fell during the all-important month of December, thanks to a sales slump in food retailing and cafes, restaurants and takeaway food services.
Metcash has reached an agreement with Ritchies for the sale of nine Franklins stores, which will be rebranded under the IGA banner.
Pizza Capers will open 25 stores in the Sydney region this year, in response to “huge demand” from the market.
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 will spend more of their online dollars with UK retailers over the next month, PayPal says, as the local dollar continues to strengthen against the British pound.
Many Australian online retailers celebrated their busiest online shopping period ever last month, with PayPal reporting some established local retailers are beginning to fight back against international competition.
The Fair Work Ombudsman has found over 750 retail workers across the country were unknowingly underpaid, and the watchdog is asking guilty businesses to reimburse affected staff – at a total cost of $585,000.
Despite a decision by the Reserve Bank to cut interest rates by 0.25 percent, retail turnover fell disappointingly flat in November, according to figures from the Australian Bureau of Statistics.
