Shoppers are tipped to spend more in February and March than they did in early 2011. As reported by Inside Retail. However, it wont be enough to set the retail world on fire.
Australian Food and Grocery Council (AFGC) CEO Kate Carnell said a better-than-expected 3.1 per cent increase in retail trade in December came off a low base in a highly challenging retailing environment.
“Australian retailers and manufacturers are focusing on planning and operational execution through the supply chain by removing inefficiencies and delays,” Ms Carnell said.
She said management of the supply chain had become important as sales promotions increased and value conscious customers created downward pressure on prices.
The report said weak consumer confidence and the rise of online shopping would continue alongside a high Australian dollar. The full article is available here.
Paul Bloxham, Chief Economist Australia & New Zealand, HSBC will be presenting on "Key economic trends for retailers in Australia and globally" at the upcoming Retail Show Australia event. This takes place on 20-21 March at the Sydney Convention & Exhibition Centre. Find out more here.