June 2015 – Issue 84
|Dear customers and colleagues,Welcome to the June 2015 edition of The Retail Barometer newsletter.We start this month by bringing you the latest ABS Retail Trade figures which demonstrate that in trend terms Australian retail turnover rose 4.4% in April 2015 compared with April 2014, caused by lower cash rates and flow through consumer confidence showing some nice signs.
Turnover rose in trend terms in April within a few sectors such as: food retailing (0.2%), Clothing, footwear and personal accessory retailing (1.0%), Cafes, restaurants and takeaway food services (0.4%), Household goods retailing (0.2%), Other retailing (0.3%) and Department stores (0.2%).
This month we have witnessed the beginning of some challenging times for Woolworths. The iconic Australian supermarket brand has made 1200 people redundant and seen their CEO Grant O’Brien resign as they enter an extensive cost cutting drive. More changes are up ahead for this sector as new entrants begin offering cheaper pricing than ever before, commencing some interesting price wars. Click here to listen to Brian Walker discuss the changes within this sector and how they may affect your business, on Radio 2UE earlier this month.
In this issue we focus on the idea that in the context of this changing omni-channel environment we find ourselves in, there are some things that will never change. Ultimately being good at implementing successful retail basics is key. This month, Brian has explored this topic in his retail fitness blog columns as seen on Insideretail.com.au and SmartCompany.com.au, and we also bring you an example of best practice in digital retailing, looking at the Ted Baker ‘virtual’ store in London.
Happy ‘Fit’ Retailing!
Our Business is Your Retail Fitness™