Consumer Sentiment Falls – consumer confidence has fallen to its lowest level since Malcolm Turnbull took over as PM although it is still 4.3% higher than in January 2015.
More International Retailers For Australia – 39 of the world’s top 250 retailers are already in Australia and more are coming. Debenhams and Reiss clothing have announced expansion into Australia while existing businesses like Uniqlo, Zara, H&M, and Costco are planning new outlets.
Part of the attraction of Australia is our relatively stable economy, significant discretionary spending, strong demand for international brands, a market focussed on shopping centres and therefore easy to quantify, and our proximity to the full Asian market.
A spokesperson for Deloittes has suggested that Chinese retailers could become part of the rush to Australia.
Aldi Private Brands Are Tops – recent research suggests that 65% of Australians prefer private label groceries over big name brands with Aldi being chosen as the preferred provider of white bread, butter and eggs.
The Council of Small Business is questioning the survey results and suggests that customers want quality, diversity and a good price not necessarily no labels.
Burger Pop-up Wows Customers – the recent In-N-Out Burger pop-up in Sydney demonstrated the value of this type of promotion with customers queuing from dawn until midday for the pre-advertised limit of 300 burgers. There is a saying in retail that nothing makes a product more desirable than short supply and that seems to be what is being adopted here. Add in a big dose of social media promotion and this is one pop-up that worked extremely well.
Aftermath of Masters Announcement – a survey last November found that around 50% of Australians over 14 shopped at Bunnings while just 7.7% shopped at Masters. No doubt that was just one of the pieces of information that led Woolworths to announce it was exiting the embattled home improvement concept.