Retail Limping Painfully Toward Christmas - Anra

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4th November 2010, 01:31pm - Views: 893





Misc Miscellaneous Australian National Retailers Association (ANRA) 1 image









Thursday, 4 October 2010


Retail limping painfully toward Christmas - ANRA


In the second blow to the retail sector in two days, figures announced this morning show Australian retailing

‘muddling along’ when it should be taking off at a gallop for Christmas, Australian National Retailers Association

(ANRA), CEO Margy Osmond said today.


Mrs Osmond said the September figures released today by the ABS, showed a 0.3% increase across the sector with

strong growth in clothing (up 2.5%), but slow numbers for other retail sectors.


“Launching into Spring you would expect clothing and accessories to improve, but for the rest of the sector numbers

remain flat.  Taking out café and restaurants the September numbers are still 50% lower than what we would expect

at this time of year - 2.6% up on September last year, which is very disappointing when healthy growth should be

closer to 6%.


“Consumers might be cruising the malls, but it’s strictly window shopping and with the high dollar growing numbers

are turning to their laptops and the lure of overseas websites.  Retailers will be working hard to encourage them to

feel the Christmas spirit locally and stock up in-store for the holidays. 


“Australians are going online to shop more now than they ever have, and are now looking at shoes and fashion from

overseas retailers in greater numbers thanks to the rising Aussie dollar. It’s great news for consumers, they have more

retail options than they ever have before, but shops at home will suffer as a result. 


“A concerning trend for the last weeks before Christmas is not only the online activity, but the attitude and spending

intentions of Australians who have become more and more frugal and price conscious in the last twelve months.


“Of 1000 surveyed by ANRA and American Express recently, only 13% planned to increase their spending from

October, and one-in-five planned to decrease their spending, in what we would expect to be peak Christmas shopping

period. Of those in the 35-44 year old age group, who might be expected to have a young family, only 9.6% were

planning to up spending this month.


“This either spells a dismal run-up to Christmas for retailers or a mad rush for the stores to fill the stocking before the

big day.


“Adding to retailers concerns, consumers are continuing to delay major purchases – a key indicator of how confident

they are in the economic environment. Of those who responded to the survey, 27% had delayed a major purchase in

October, and that number is only likely to increase with the interest rate rise announced this week,” she said. 


Media inquiries:

Frith Rayner

0409 437 433

frayner@anra.com.au




Misc Miscellaneous Australian National Retailers Association (ANRA) 2 image


Did you delay a major purchase in October?


Overall



Male



Female

18-24

years

25-34

years

35-44

years

45-54

years

55-64

years

65 +

years

Yes

27.47%

28.63%

26.34%

24.41%

33.88%

29.44%

29.03%

25.83%

19.75%

No

72.53%

71.37%

73.66%

75.59%

66.12%

70.56%

70.97%

74.17%

80.25%



What are your spending intentions for November?


Overall


Male


Female

18-24

years

25-34

years

35-44

years

45-54

years

55-64

years

65+

years

Increase my retail spending


13.09%

9.88%

16.24%

16.54%

14.21%

9.64%

15.59%

11.92%

11.46%

Around the same level as October


66.13%

69.76%

62.57%

64.57%

61.20%

68.53%

60.75%

66.23%

76.43%

Decrease my retail spending


20.78%

20.36%

21.19%

18.90%

24.59%

21.83%

23.66%

21.85%

12.10%










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