A 4SquareMedia Website

SECTIONS
> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> CES
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
Accessories
Broadband & Web Hosting
Components
Desktop PCs
Industry
Memory
Microsoft Windows
Monitors And Screens
Notebooks & Tablets
Platforms
Printers & Multi-Function
Security & Support
Software
Storage
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
PRODUCT REVIEW
> Featured Reviews
SERVICES
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
SUBSCRIBE
> Subscribe to Newsletter
> Subscribe to Magazine



Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound





HOME OFFICE / INDUSTRY

Rocky Road Ahead For Retail: Deloitte

By Oonagh Reidy | Friday | 07/06/2013

Don't expect 2013 sales growth to last, warns Deloitte.


Australian retail sales is expected to jump 3% in 2012-13 financial year, driven by the strong growth early 2013, according to Deloitte Retail Forecasts. 

Although March quarter (Q1) sales rose 2.2% - the strongest result for six years - don't expect it to last, as the retail environment remains "extremely competitive."

"That rate of sales growth is unlikely to be sustained for any length of time, with data for the month of April confirming much more modest retail sales growth" warns the Retail Forecast, released today. 

Deloitte analysts predicts retail will dip slightly in 2013-14 to 2.8%, before rising 3% again in 2014-15 as employment growth improves. 

The latest figures from ABS showed April retail rose just 0.2%. 

"There are unlikely to be too many easy yards for retailers over the years ahead," the forecast indicates, as economic fundamentals including the slowing resources boom, weakening Aussie dollar and consumer confidence don't support it.   

Although the mining states of WA, Qld, NT powered the retail boom last year, so far in 2013 its a different story.  

NSW, Victoria and the ACT have led retail growth so far this year, along with Tasmania, which is clear from the ABS latest retail figures. 

The retail growth seen in the first quarter - was not resource-led but driven by low interest rates, notes Deloitte, adding retailers in WA and Queensland will face "challenges" as major projects start to detract from economic activity, although population growth will still favour these States.  

Several major retailers including JB Hi-Fi and Harvey Norman reported sales uplift sales in the early months of 2013 - JB's January sales grew a whopping 12%, compared to single figure growth for the previous six months to 31 December 2012

"Consumers have also become less confident over the past couple of months as the Reserve Bank has started to push the panic button." Deloitte warns.

But there are also other fundamental changes. 

Over the past year, non-food retailing has overtaken food as the stronger growing segment - which might be expected with record low interest rates. 

The unemployment rate will rise over 2013 and Australia's main symbol of economic supremacy - the strong Aussie dollar against the US dollar has now slipped away - none of which are a strong grounding for robust retail sales, Deloitte says.  

"However, over time, low interest rates and a lower $A are a combination which should work in the favour of Australian retailers, as the housing cycle turns and favours more spending on consumer durables," according to the Retail Forecast.

However, measures announced in the latest Federal budget will cut into disposable income, particularly during 2014-15.

"That won't be devastating for consumer spending, but it will limit the upside which might otherwise have been seen from an expected peak in housing activity."

And don't expect tax cuts in future Federal budgets, either, as analysts note, the days of a tax cut every Federal budget ...are now long gone." 




Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section





LATEST REVIEWS
New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5




SMARTHOUSE NEWSLETTER
Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

ADVERTISE
SmartHouse
reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

LATEST ISSUE
Smarthouse's
Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...