Retailers will be happy to hear that 67 per cent of Australians are looking to splurge on retail goods with their tax refund this year, according to a new survey by credit card comparison website CreditCardFinder.com.au.
The Index of Consumer Sentiment has failed to get any traction falling by 2.5 per cent in August from 99.1 in July to 96.6 in August, according to the Westpac-Melbourne Institute.
Despite an increase number of small to medium businesses running their own website, new research shows there has been a significant decline in proactive online business activity.
Price, product range and having products in stock are the three key drivers that will get shoppers in-store, according to research from Monash University's ACRS.
Poor trading and profits have been the result in the dramatic drop in retail business conditions, as reported by the National Australia Bank monthly business survey for July 2012.
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.
Despite lingering uncertainty in the current economic environment, expectations among Australian businesses soared to levels that had not been seen in almost 10 years.
Australia's four major banks and Woolworths and Coles will be the only beneficiaries if new regulations of the eftpos payment system are allowed, Tyro Payments warned.
Economic uncertainty is driving an increasing interest in franchises, according to new research.
The latest ABS retail trade figures show that retail turnover rose 1 per cent in June 2012, seasonally adjusted, following a rise of 0.8 per cent in May 2012.