Retail sales remained flat in November, according to the latest figures from the Australian Bureau of Statistics, after increases of 0.2% and 0.3% in October and September respectively.
The Australian Food and Grocery Council has renewed its call for the Federal Government to appoint a Supermarket Ombusdman, following the closure of a Heinz factory in Victoria.
Only 36% of Australian consumers buy products on sale, according to a new report, while 83% identify quality as the most important factor, suggesting retailers cannot rely on discounting to remedy sluggish sales.
The services sector remained in negative territory in December, according to the latest Australian Performance of Services Index, with ongoing weakness across consumer-related sub-sectors.
A mobile app developer is selling his iPhone app on eBay for a starting price of $1 to escape the costs associated with the app, suggesting the market is becoming less viable for smaller players.
Retailers remain pessimistic about their performance in the first quarter, according to a Dun & Bradstreet report, with expectations down 26 points compared with the same period in 2011.
Retailers need to look beyond discounting as part of their post-Christmas sales strategy, an expert says, as Myer and David Jones promise to go head to head with record Boxing Day sales.
Business groups have welcomed the Federal Government’s plan to review the Fair Work Act, although concerns have been raised over the areas the government will focus on.
Gyms and hardware retailers are among the businesses tipped to cash in on consumers’ good intentions in 2012, according to IBISWorld, with a big focus on health and home improvement.
Consumers continue to increase their appetite for spending, after the Commonwealth Bank Business Sales Indicator increased by 0.3% in November, with good news for clothing retailers.
Australia’s battered retail sector is in a “technology-induced recession”, according to a new report by the Commonwealth Bank, but experts say this should prompt start-ups to innovate.
Consumer sentiment fell by 8.3% in December, its lowest level since August this year.
Exorbitant retail rents are to blame for high retail prices, according to a new report, adding weight to the Productivity Commission’s recommendations on planning and zoning.
Business conditions improved slightly in November, according to NAB’s Monthly Business Survey, while business confidence was unchanged despite the ongoing European debt crisis.
Prospective franchisees should not enter a franchise solely because it offers a guaranteed income system, an expert says, as more franchisors use income guarantees as a recruitment incentive
Bibby Financial Services has come up with some quirky but clever tips to grow your business in the New Year, as small business owners becoming increasingly pessimistic about the future.
Industry groups have applauded the Reserve Bank’s decision to lower the cash rate to 4.25%, as the European debt crisis continues to impact on the Australian economy.
Nearly a third of small businesses are expecting a worse Christmas trading period than last year, with conditions “historically weak” for retailers, according to a new report.
Retailers aren’t the only ones facing a quiet Christmas, with tourism operators also hurting, after a new report revealed more than 50% of consumers will skip the traditional summer holiday this year.
Independent bakers are calling for a boycott of cheap, mass-produced supermarket bread in a bid to stay afloat, claiming the supermarkets’ slashed prices are forcing small bakeries to close.