Opinion: A call to change strategy and a plan for uncertainty in retail
Uncertainty is defined as doubt, but for retailers, the message is clear – don’t get defensive, get smart, writes Melissa Kirby.
retail
Consumers voting with their wallets on sustainability
The role and responsibilities of retailers in society is increasing in importance when it comes to sustainability.
A message to service station operators
Coronavirus (COVID-19) is causing major changes to how we live and do business in Australia. While we are experiencing many difficulties like out of stocks, there are also many positives for our businesses. Over the weekend it was announced that Petrol Stations are an essential service and will be allowed to stay open. All pubs, …
Woolworths expand Adelaide drive-through service
Adelaide customers could be living the shopping dream, with Woolworths lodging plans for a new drive-through service. The supermarket retailer lodged a development application with Charles Sturt Council to build a dedicated area in the car park of the Armada Arndale shopping centre in Kilkenny for pre-orders. Customers who use the store’s click-and-collect service would …
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Woolworths ranked most valuable Australian retailer
Woolworths has been ranked as Australia’s most valuable retailer. The finding, in Brand Australia’s Australia 100 2019 report, rated the supermarket chain, which it valued at more than $11 billion and up 23% on last year just above rival Coles, which took out the second retailer spot and is valued at more than $10 billion …
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Why we’re all dreaming of starting a business
It seems those of us dreaming about quitting our jobs are thinking of doing so to start their own retail businesses. According to a new survey by GoDaddy, almost a third of Australians are considering ditching their current gig and branching out on their own. The survey, taken in December, polled 1,000 people on job …
Shoppers embrace delivery drones and facial recognition
A new report has found when it comes to digital and mobile technology in retail, shoppers are seeking a faster, more customised experience – but not at the cost of their personal data. The State of Mobility report, commissioned by mobile technology support company SOTI, surveyed more than 4,000 people on how willing they were …
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New app EzySt a win for consumers
A new app developed by former Caltex executives is promising to deliver bowser relief to motorists. The EzySt app, described as a ‘digital marketplace for the petrol-convenience industry’, collates cheaper than advertised petrol prices and retailer specials into the free app, which its creators claim could save users up to 30c per litre. Developed by …
Charter Hall acquires stake in BP Australia
Property investment and funds management company Charter Hall have announced plans to acquire a 49% stake in BP Australia retail sites. The $840 million deal will see the company take a managed partnership in the $1.7 billion portfolio of 225 long weighted average lease expiry (WALE) convenience retail properties currently leased to BP Australia. The …
Shoppers to splurge $50,000 per minute online
The National Retail Association (NRA) has unveiled its Christmas sales forecasts, revealing that shoppers are to splurge more than $50,000 per minute in online purchases as part of a $50 billion spend across all retail. The Christmas trade period – encompassing the second-half of November and all of December – is the busiest time on …
Retail sales fall in September
Australian retail sales fell last quarter while growth in September was weaker-than-expected, according to figures released by the Australian Bureau of Statistics (ABS) this week. Retail sales rose only 0.2% in September following a 0.4% gain in August, figures from the ABS showed. Quarterly data showed sales fell 0.1% in inflation-adjusted terms in the three months …
Footy finals bring retail opportunities
New research has revealed that most Australians intend to watch this week’s football finals at home with their partners or friends, creating a significant opportunity for convenience and impulse retailers. According to a survey conducted by crowdsourced shopper insight agency Snooper, 81% of punters expected to watch this week’s footy finals at their own or …