Uncategorized

Retailers have urged the Reserve Bank of Australia to cut interest rates at its November meeting following sluggish retail sales for the month of September. According to the Australian Bureau of Statistics (ABS) retail turnover rose by a paltry 0.1 per cent for the first month of Spring. National Retail Association...

The National Retail Roadshow 2024 has officially wrapped up after a successful series of events in Brisbane, Melbourne, and Sydney. Over three weeks, retail professionals and industry leaders gathered to explore the evolving retail landscape through the lenses of People, Planet, and Performance. Each city brought fresh insights, meaningful...

Sky-high interest rates and conservative spending have caused year-on-year spending in July to flatline, as revealed by the Australian Bureau of Statistics' latest retail trade update. National Retail Association Interim CEO Lindsay Carroll said the unchanged trade figures in July 2024 are worrisome, given Australia’s exploding population growth. “The industry is...

The National Retail Association (NRA) has today voiced concern regarding the announcement from the QLD State Government that it would open a dozen state-owned fuel stations. It is an unprecedented movie, with no other state or territory government in Australia having made such an extensive intervention into the market. NRA Interim...

Retailers have urged the Reserve Bank to show restraint at their make-or-break monetary policy board meeting in August, following a positive June retail trade result. The Australian Bureau of Statistics (ABS) revealed today that June retail trade rose by 0.5 per cent from May and by 2.9 per cent year...

Official signage mandatory for sellers to display in-store from 1 September 2024. We are pleased to announce that the official wording for the mandatory signs to be displayed by sellers has been confirmed. As you may have been aware, regulations are currently being developed by QLD Police Service, including official wording...

Stable interest rates, higher wages, and the anticipation of energy subsidies and tax cuts from the Federal Budget encouraged consumers to seize early end-of-financial-year sales in May. Australian Bureau of Statistics (ABS) May trade figures reveal that retail sales increased by 0.6 per cent month-on-month, and 1.7 per cent year-on-year. National...

The Reserve Bank's next decision in August, will determine the fate of retail’s biggest trading season – Christmas. The National Retail Association (NRA) has welcomed Deputy Governor Andrew Hauser’s comments that the Reserve Bank will consider declining retail trade before the Reserve Bank meets in August. NRA Director Rob Godwin said...