Missed out on today’s headlines? Never fear. Catch up on all the news you need to know that affects small business owners. Here’s what you need to know on Monday, September 9 2019. Westpac and BT Life hit by super scandal Two of Australia’s biggest super funds, Westpac Life and BT are being taken to… Read more »
From fashion and footwear to furniture and electronics, small retailers across Australia are earning significantly more per sale than most other global markets. Australia’s independent retailers average the second highest turnovers in the world, only outranked by their US counterparts.
Roy Morgan’s annual Christmas retail sales forecasts predict Australians will spend $51.5 billion across retail stores in the lead up to Christmas, up 2.9 per cent on the $50 billion spent in 2017. The forecast is conducted in conjunction with the Australian Retailers Association (ARA) and includes the trading period from November 9 – December… Read more »
While the Grand Final boosted Melbourne’s population considerably over the weekend, despite increased foot traffic, retail sales dropped by 33 per cent as single-minded fans flocked to the footy. While a public holiday can mean an increase in sales for retailers, data from leading retail software company Vend has found that retail sales on the… Read more »
Vend’s inaugural retail benchmark report has revealed the monthly revenue of Australia’s independent retailers over the past 12 months was 18 per cent higher than the global average. The report compared data from over 13,000 retailers, with a particular focus on Australia. Vend found Australian retailers’ average monthly revenues were also 17 per cent higher… Read more »
Promotions are always part of every retailer’s sales and marketing mix, and for good reason — they can drive sales and help you move inventory. But running promotions isn’t as simple as slashing prices or putting up a “SALE” sign on your window. To get the most out of them, you need to consider the… Read more »