Over 60 per cent of Australian consumers identify themselves as “apathetic” in their choice of primary retailer, according to the latest IBM study.
Despite the slight optimism from retailers prior to the Christmas sales, the results for December has unfortunately fallen short.
Retailers have mixed feelings about the Reserve Bank’s decision to leave the cash rate unchanged at 3 per cent.
Following Cole's decision to discount prices on more products, some retail body associations have shown their support for it while it's being dismissed by others.
Retailers are expected to cash in a total of $12 billion from Christmas shopping this week.
As Christmas fast approaches, Australians will lift their interest in shopping.
Retailers welcome NSW Planning Minister Brad Hazzard’s plans to introduce 24 hour trading before Christmas.
Signs that consumers are spending is becoming more evident as retail turnover for August rises 0.2 per cent, according to the latest Australian Bureau Statistics (ABS) Retail Trade figures.
The Federal Government has publicly released the final report of the Low Value Parcel Processing Taskforce, which suggested any streamlining of the processes involved in the handling of low value imported parcels would require significant change.
The ABS trade figures show that while brighter trade results of 1.2 per cent were achieved in June, they have flatlined in July with turnover falling 0.8 per cent, seasonally adjusted
UTS will be hosting a panel event where attendees will hear from fashion designer Carla Zampatti, ANRA's Margy Osmond and Westfield's Andy Hedges. They will give insight into the future of retail.
They say women are better shoppers than men but according to the Australian National Retailers Association (ANRA) the winter sales are indicating otherwise.
The Fair Work Australia's decision to increase the minimum wage by 2.9 per cent has left many retailers heart broken as it ignores strong signals that the sector is struggling.
While the two interest rates cuts were welcomed with open arms by retailers at the end of last year it didn’t change the attitudes of consumers as the latest ABS retail trade figures show that retail turnover in November 2011 was flat.
Spending levels are predicted to be up on 2010 as retailers enter into the peak Christmas shopping period this week, according to the ANRA.
To advise the government on the future of the sector, the council will work closely with the Council Australian Governments where it will be able to raise collective concerns on behalf of the retail industry.
ANRA CEO Margy Osmond said if the government is serious about reform, lowering the threshold to $100 and enable retailers to compete on the global should be a key.
The draft report - Economic Structure and Performance of the Australian Retail Industry - examines the implications of globalisation for the retail industry and the appropriateness of current policy settings.
The Australian National Retailers Association has blamed carbon price uncertainty for keeping consumers out of shops leading to a drop in sales.
Some Australian retailers will be hard hit with Fair Work Australia's decisions to increase modern award minimum wages by 3.4 per cent.
Small businesses will be allowed to claim up to $5,000 as an immediate deduction for any car purchased during the 2012-13 financial year.
Retail trade figures released by the ABS has dropped 0.5 pr cent in March 2011 where the only positive turnover was seen in othing, footwear and personal accessory retailing up by a 0.1 per cent.
his news has been welcomed by both the ARA and the NRA that have suggested keeping the cash rate stable for retailers as to continue their recovery.
NSW retailers have welcomed the state government’s decision to think twice before prosecuting closed stores for restocking the shelves during the Easter shutdown, the ANRA said.
Both the ARA and the ANRA saidQueenslander's need for new household goods following the natural disasters of late December and January drove the 0.5 per cent growth in retail trade.
The retail industry is an award-dependent sector and has absorbed the wage increase of 2010 and a strategy is needed to ensure not to burden those sectors still moving towards recovery.
A new survey from the ANRA showed that at least three quarters of Australians used the internet to help them out with their shopping in the past three months
Following the Productivity Commissions’ call for submissions from retailers for its inquiry into the Australian retail industry, the ANRA said 2011 will be a critical year for retailers.
The latest retail trade figures from the ABS have confirmed that consumers continued to remain cautious during the crucial December period.
Both Woolworths and Coles are still on the ground and have begun assessing the condition of stores, indicating little damage was done except Woolworths at Mission Beach suffered some roof damage.
Retailers have welcomed the Reserve Bank’s decision to keep interest rates at 4.75 per cent as the early part of 2011 continues the 'challenging' theme of the 2010 for the sector.
Leading supermarkets and retail organisations are working together to resupply existing stores, Scott Driscoll, United Retail Federation national president, told Retailbiz.
Released on Monday, figures revealed that Australian retail turnover rose 0.3 per cent in November 2010, seasonally adjusted, following a revised fall of 0.8 per cent last October.
The ANRA continues to identify the areas most in need of help and provide support to get trucks through as quickly as possible.
Generation Y is leading Australia's new discount driven shopping culture with more than one in two under 25 year olds waiting until the sales to do their shopping.
The latest ABS Retail Trade figures show that retail sales increased 0.2 per cent in June, seasonally adjusted, compared with an increase of 0.2 per cent the previous month.
The Reserve Bank of Australia's decision to leave the official cash rate unchanged at 4.5 per cent for the third month will give struggling retailers a glimmer of hope for retail trade recovery.
A spike in consumer confidence shows the impact interest rate stability has in improving the financial outlook for Australians, but may not result in higher retail sales.
Keeping interest rates stable will give retailers breathing room to build on recent small gains in the sector.
The latest Australian Bureau of Statistics figures show that retail sales rose 0.2 per cent in May, seasonally adjusted, compared with a rise of 0.6 per cent the previous month.
Consumers can expect better than usual winter sale bargains this year as retailers discount heavily to keep customers coming through the doors.
The latest Australian Bureau of Statistics retail trade figures show that sales in April rose 0.6 per cent compared with a rise of 0.8 per cent the previous month.
Australian Bureau of Statistics (ABS) retail trade figures released today show a 0.3 per cent growth in March sales as a result of an early Easter four day break.
Retailers will feel the brunt of the Reserve Bank of Australia's fifth 25 point interest rate rise since October last year, taking the cash rate to 4.25 per cent after dismal retail trade continued in February.
Research shows that while the majority of Australians believe the global financial crisis is behind them, canny consumers will not part with their money lightly in 2010.
ABS Retail Trade figures released showing 1.4 per cent growth in sales, compared with a rise of 0.4 per cent the previous month, was the first official sign of a strong Christmas very early on in the season.
The ABS October retail turnover figures show sales continue to be sluggish. In October retail sales were up 0.3 per cent, after a fall of 0.2 per cent in September and 0.5 per cent growth in August.
Retailers will feel the brunt of the third successive interest rate rise as consumers will be spending less this Christmas.
From January next year, more Perth retailers will get the opportunity to open their doors on weeknights and weekends.
According to the recent American Express Annual Christmas Survey, the most popular present this year may be the practical gift card. This poses a challenge for retailers, to see who will be able to drive the most consumers to their store.
While financial markets were collapsing globally last year, women in Sydney and Melbourne were spending up big on special occasion fashion purchases, according to American Express Merchant Services credit card usage data.
The WA Labor Party has back flipped on an election promise and denied Perth retailers the opportunity to extend their trading hours.
The stimulus effect is fading according to the Australian National Retailers Association, with the ABS retail trade figures for June revealing retail turnover fell 1.4 per cent.
Australian consumers are already benefiting from unit pricing at the country's largest supermarkets, said the Australian National Retailers Association.
The retail sector has grown by close to four per cent since the government introduced its first stimulus package, said the Australian National Retailers Association.
According to the latest jobs data from the Australian Bureau of Statistics, the retail sector has been hit hard over the last three months, with 6400 workers made redundant in the sector.
Thousands of retailers could be forced to stop providing point-of-sale finance to their customers if the Federal Government introduces proposed consumer credit legislation.
The 2009-2010 Federal Budget takes a long-term and hopeful view of Australia's powers of recovery. It is a 'dig deep and hope the recession ends soon' approach, according to the Australian National Retailers Association.
The interest rate cut announced Tuesday by the Reserve Bank is a modest but necessary step to sustain economic growth, according to the Australian National Retailers Association.