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!