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Retail: rising concerns on future

Posted by: 2UE | 3 April, 2012 - 1:04 PM
Retailers to pass on carbon tax costs to customers

Retailers are increasingly worried about wages growth and online competition eating into their profits. Two Murrays say add to it Boxing Day opening pressures and rising rents, how do retailers survive?

Australians are spending their hard earned cash on eating out and holidays as the nation's retail sector continues to struggle.

Official data from the Australian Bureau of Statistics show that Australian retail spending rose just 0.2 per cent in February, in line with market expectations.

The ABS says tetail trade rose in the month to a seasonally adjusted $20.988 billion, compared to a downwardly revised $20.954 billion in January.

CMC chief market strategist Michael McCarthy says the result was unsurprising, given the sluggish performances seen amongst big retailers recently.

But he says consumer confidence was not as weak as suggested by the data, as there is still strong activity in other areas of the economy, notably overseas travel and restaurants and cafes.

AAP


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Blog comments Your Say

  • Says you steven the liberal troll. Making up news again?

    Peter B Thursday 5 April, 2012 - 2:10 PM
  • @ Peter, did it ever occur to you maybe you should mind your own business? like the rotten labor lot sticking their big noses into businesses where it don't belong, just like the carbon tax.

    Steven Wednesday 4 April, 2012 - 9:46 AM
  • I`m against sunday and public holiday trading for any shop other than essentials. Small stores cannot pay the high fees charged by centres to open on sundays and p`holidays, let alone the penalty rates, but if the big stores open, small stores suffer even more. Besides, I`d like my family home on those days, not working. Dual Income families may want it, but surely even they want time with all the family.

    John A Tuesday 3 April, 2012 - 8:07 PM
  • Did it ever occur to you Steven maybe you're in the wrong business

    Peter Tuesday 3 April, 2012 - 6:59 PM
  • And it's only going to get worse, I own a small business and I am struggling as it is..I am now running my own business on my own. I don't even have a wage to cover my expenses, I need to rely on small profits to keep me and my business alive. This government is sh@* why are these people still running the country... get lost labor you make me sick!

    Steven Tuesday 3 April, 2012 - 3:19 PM

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