September 2014 – Issue 76
Dear customers and colleagues,
This month I share the retail barometer with you from Amsterdam as I join my fellow Ebeltoft Group (www.ebeltoftgroup.com) members for our annual meeting. In this session we will be sharing the latest global trends in cross channel retailing, internationalisation and innovation from around the world as well as best practise consulting methodologies to ensure we are providing the best possible ‘business fitness’ solutions to our clients. I look forward to sharing insights from this session on my return.
In local news, we see the continued growth of global retailers into Australia with Forever 21, H&M, and Sephora all taking up lease space in Pitt Street Mall which is now in the top six most expensive retail locations in the world.
The recent retail trade results released by ABS were positive with July retail sales up 0.4 per cent to $23 billion. This followed a positive result for June and indicates that the post budget blues are finally wearing off. Many are predicting a continued lift in sales as we move into the warmer months and towards Christmas. Trevor Evans, CEO of the National Retailers Association comments that “It’s pleasing to see that consumers are showing signs of confidence once again, after a brief downturn in April and May – due largely to speculation around the possible impacts of the Budget.”
We are pleased to also be partnering with the NRA for the Young Retailer of the Year awards (this Friday). I wish the best of luck to all the finalists and look forward to working closely with one finalist who will receive the 2014 Retail Doctor Group Scholarship award.
Happy ‘Fit’ Retailing
Founder and CEO
Retail Doctor Group