Pent-up demand a good sign for Festive Season shopping in Australia
ABS figures show a slight rise in retail spending in September, but industry expects even better times as lockdowns ease prior to Christmas.
ABS figures show a slight rise in retail spending in September, but industry expects even better times as lockdowns ease prior to Christmas.
Retailer organisation says ‘every day counts’ as the sector welcomes good news ahead of the most important trading period of the year.
Industry association wants its members to be part of the solution and has released its own five-point action plan ahead of COP26 meeting.
Retail body welcomes the clarity that Victoria’s reopening strategy brings, but says seven-week wait to reopen some sectors is concerning.
Changed shopping habits caused by lockdowns mean consumers may have to wait longer for their goods to be delivered, retail body warns.
While lockdowns have impacted retail sales across various states, NSW has been hardest hit, with latest stats showing an almost 9 percent drop.
Retailers welcome the return of the Leasing Code of Conduct to protect small tenants, but property owners are not so sure.
Retail losses are continuing to mount, as Retailers’ Association calls for more Government support for struggling sector.
Draft report from the country’s Commerce Commission says consumers and local suppliers are being disadvantaged by a lack of competition.
Business body says decision to use lockdowns sparingly will hopefully stop retailers being ‘treated like an on-off light switch’.
Experts estimate WA’s recent five-day snap lockdown may have cost $500-million. Given Victoria’s size, its loss will surely be far higher.
December retail sales rose by more than nine percent versus the same period in 2019, says Australian Bureau of Statistics.
Retail research body says more than 170,000 high street jobs went last year and warns that even more could go in 2021.
Steady trend towards year-on-year growth is setting the scene for a much healthier 2021, Retailers Association believes.
Payroll tax reform and extended rent relief for small and midsize business tenants will give NSW retailers a solid springboard to recovery.
Great news for those Australians who are out of work in historically high numbers and also a win for the economy, says retail body.
Decision to reopen Melbourne retailing in only seven weeks’ time will be a death sentence for many stores.
Shopping centres and their tenants are in ongoing dispute over payments during and after lockdowns. Matters may now be coming to a head.
Fashion retailer G-Star Raw has failed to find a buyer for its Australian operation and all stores will now close.
Job losses continue to mount as even the best-known retailers find that shoppers are largely absent. Dramatic downturn in London.
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