Australian retailers brace for worst Christmas since 2013

| November 12, 2019

article image
Sentiment among Australian retailers has slumped to its lowest in six years, with a fifth fewer forecasting a pick-up in sales in the Christmas period than a year earlier, a survey of retail executives showed on Wednesday. Just 62% of retailers expected to grow sales in the holiday gift-giving season that runs through December, down from 80% a year earlier and the weakest result since 2013, the survey published by market researcher Deloitte Touche Tohmatsu Ltd said. The reading suggests a series of economic jumpstarts has failed to ignite Australia’s retail sector amid competition from cheaper global online entrants like Amazon.com Inc (AMZN.O) and soft consumer spending due to wage stagnation and a property downturn. In July, a federal government income tax cut took effect, while the Reserve Bank of Australia sought to encourage spending with three interest rate cuts in June, July and October to a record low of 0.75 per cent.

Spotlight

Instart

Instart helps hundreds of leading enterprises around the world deliver a faster, safer, and more profitable digital experience. Our Digital Experience Cloud helps our customers improve the performance, consumer experience and security of their cloud, web and mobile applications - resulting in higher revenue and better customer satisfaction.

OTHER ARTICLES

How Is Your Ecommerce Business Adjusting to Coronavirus? Let Us Know

Article | April 1, 2020

Reality as we know it has been interrupted. Our entire lives have been put on hold. And it’s not a great feeling. To fight the global coronavirus pandemic, we’re all stepping back from large gatherings even if it disrupts our business goals or denies us the ability to catch up with dear friends. Not only have we postponed Ecommerce Operations Summit 2020 but we are brainstorming other ways to do our part and contribute however we can. Our focus right now is on everyone whose lives have been turned upside down or even put at mortal risk by this invisible enemy. How has this impacted you? While you’re working from home, carve out a quick minute to answer this survey and share the effect COVID-19 has had on your business. Answers will be collected through this Thursday.

Read More

How AI is changing the face of modern web design for retailers

Article | April 15, 2020

Consumers take just 50 milliseconds to decide whether your website is worth staying on. It's therefore important for websites to be of high-quality in order to make sales. For online retailers, items need to be presented in an enticing way that convinces customers to buy. Web design plays an important role in this. While a website needs to appeal aesthetically, it also needs to provide a simple user experience from landing on the page through to purchase.

Read More

Walmart will cut store hours starting Sunday to give workers time to restock

Article | March 15, 2020

Walmart Inc., the biggest U.S. retailer, will cut its store operating hours starting Sunday to give its workers time to restock shelves as the coronavirus outbreak intensifies. The pandemic is prompting Americans to buy more groceries and other daily necessities, often emptying shelves in anticipation of an extended period of so-called social distancing or self-isolation. The number of confirmed Covid-19 cases globally has risen to almost 152,000, with deaths nearing 5,700. “I don’t think any of us have been through an experience like this,” Dacona Smith, Walmart’s U.S. executive vice president and chief operating officer, said in a statement, adding that the change is to ensure “associates are able to stock the products” that are in demand. Stores and neighborhood markets some operating as long as 24 hours a day will open from 6 a.m. to 11 p.m., while those with shorter hours will retain their existing schedules, the Bentonville, Ark.-based company said.

Read More

7 Habits of Highly Effective Agile

Article | March 20, 2020

Software development is relatively new when compared to plumbing or electricity. We don’t have standard wire and pipe sizes or handbooks telling us how to “unclog” or “rewire” our testing problems, nor do we have licenses ensuring that we meet industry “code.”

Read More

Spotlight

Instart

Instart helps hundreds of leading enterprises around the world deliver a faster, safer, and more profitable digital experience. Our Digital Experience Cloud helps our customers improve the performance, consumer experience and security of their cloud, web and mobile applications - resulting in higher revenue and better customer satisfaction.

Events