Statistics from Commonwealth Bank show that 51% of Aussie retailers are aware of Amazon’s inevitable arrival, but are unsure how to prepare a competitive strategy in order to compete. Amazon’s arrival will no doubt trigger retailers to rethink how they do business, but this should not be seen as a bad thing. Increased competition, which also […]
Written by Lisa Carter, SAS Group There are a whopping 1,753 shopping centres around Australia (one of the highest numbers per capita than any other developed country) as at August 2015, according to the Urbis Australian Shopping Centre Industry Report. And listening to the pundits, you can’t help but feel a sense of looming doom […]
How Retailers Contend with Today’s Prominent Challenges By BDO’s Consumer Business Practice Leaders Alarmist headlines suggest the death of retail, but do retailers themselves share this perception? BDO analysed the 10-K filings of the 100 largest U.S. retailers for their 2017 Retail RiskFactor Report, which found that retailers recognise both narrow and broad obstacles ahead. Among […]
The media’s certainly been abuzz over the past week after retail giant Amazon finally (after months of speculation) confirmed it would be expanding onto Australian shores, with a distribution centre tipped to be in Melbourne or Sydney. While many are already heralding the end of the retail world as we know it, or tipping that […]
In recent months a number of Australian newspapers and blogs have been identifying international companies that are looking to enter the Australian retail market. Retail giant Amazon is expected to open their doors on Australian soil sometime later this year. The Australian Financial Review (AFR) has published a number of articles since November 2016 relating […]
Iconic retail chain Australian Geographic has been saved from closure. All 67 adventure stores were likely to close by March 2017 after experiencing difficult trading conditions and strong competition from online retailers. Melbourne’s Myer family, which founded the department store of the same name have owned the chain since 2007 but had reportedly “given up” […]