Tag Archives: retail

Make Australian retail great again!

July retail figures presented by the Australian Bureau of Statistics showed annual growth of 2.36 per cent. The growth is described as “an unexpected sobering economic snapshot” by the Executive Director of the Australian Retailers Association, Russell Zimmerman. It is noted however that month-on-month figures show a fall in July …

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Tesco to maximise convenience with Metro stores changes

Tesco is implementing operational changes to the way it runs its Metro stores in the UK. According to the retailer, they will simplify and reduce processes and administrative tasks across all 153 Tesco Metro stores. Tesco says these changes will allow them to serve shoppers better and to run the …

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Aussie retailers are missing out on $71bn in abandoned sales

Negative shopping experiences are costing the Australian retail sector $71 billion in abandoned sales each year, according to new research. The Adyen-commissioned research from 451 Research surveyed more than 1,200 APAC consumers and 600 B2C retailers to uncover what shoppers really feel about their shopping experiences and the impact it …

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What is it like to work at the UK’s top retailers?

Working in the retail sector offers a much more positive experience than those in other sectors, finds a new report. Based on LinkedIn’s annual report of the most sought-after companies to work at in the UK, Power House Truths has curated and dissected over 210,000 employee reviews to see where …

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Customer theft rises as retail crime costs businesses $3.37bn

The first dedicated retail crime survey for Australian and New Zealand retailers has revealed that customer theft now accounts for over 50 per cent of the revenue lost from stores from crime. Conducted by Aptus Research in partnership with the Profit Protection Future Forum ANZ, the Australia and New Zealand …

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Tax cuts a ‘kickstart’ for the economy, says ARA

The Executive Director of the Australian Retailers’ Association (ARA), Russell Zimmerman, has congratulated the Senate for passing the Morrison government’s $158 billion tax relief package. According to Mr Zimmerman, this will “kickstart the economy”. He says the combined effect of the cuts – which will hand an immediate $15 billion …

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Retailers should expect relief in second half of 2019

Deloitte says retailers have faced yet another period of weak demand and declining retail spending over the March quarter of 2019. It may not be all “doom and gloom” for the sector, though, says Deloitte. Some much-needed relief is expected in the second half of the year in the form …

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Consumers craving convenience

One-in-five Australians feel under time pressure when shopping, according to IRI Client Growth Partner, Mairead McElvanna, leading many down the path of least resistance – quick, easy and accessible meal solutions. To meet this demand, the convenient meals category spans several formats and is available in supermarkets and direct-to-door. Pre-made …

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AI already transforming retail sector

Retailers are buying into artificial intelligence (AI) in a big way, but they’re choosy and sceptical, says a new survey. The Oxford Economics for Synchrony Financial survey found that retailers are counting on AI to “transform their companies and industry”. But they’re still sceptical about the enormous hype surrounding the …

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