Sunday 9 December 2018

Tell Us About It - Stating The "Bleeding Obvious"

A few snippets from mainstream media this week got us thinking about the “bleeding obvious” difficulties in retailing right now –

“Online shopping has seen a structural shift in how we shop and has been a drag on revenue for retailers that have not kept up.” Tell us about it!

“Bricks-and-mortar retailers are in a fight for survival.”Tell us about it!

“Australian consumers have hit the brakes on spending, savings rates have fallen to decade lows and wages have flatlined.”Tell us about it!

“The disappointing 2.8 per cent overall growth rate for the year to September sets up a tax cut race in the new year, with both parties pledging to put money back into workers wallets to drive them back to the shops.”Yes please!

“The low level of consumption has meant shops have been unable to move millions of dollars of stock, with the value of retail inventories growing by $844 million and subtracting as much as 0.3 per cent from GDP.”Tell us about it!