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Australian retailers urged to lift their game after nightmare year

RosieRosie Member, Permitted to post new threads

Australian retailers urged to lift their game after nightmare year

December 17, 20162:52pm
FROM NEWS.COM.AU

Dick Smith set to close

IT’S BEEN a nightmare year for Australian retail, with a parade of the nation’s best-known brands decimated one after another.

And experts say things will only get worse if business leaders and governments do not pick up their game.

First it was Dick Smith Electronics, then the Woolworths-owned Masters home improvement chain that went under. Now, thousands more workers will be jobless at Christmas after a fresh slew of corporate collapses rounded out 2016.

Payless Shoes this week announced plans to close its doors by the end of February, hot on the heels of Howards Storage World’s demise, and that of children’s fashion label Pumpkin Patch.

While Treasurer Scott Morrison seized on the latest bad news to bolster the Coalition’s tax reform agenda, market watchers say there is far more that needs to be done.

Retail analyst Barry Urquhart of Marketing Focus said neither corporate leaders nor government had acknowledged what he called “an attitudinal recession” that was restraining businesses.

While the nation was yet to tip into an official recession — despite having just marked its worst quarterly performance since the global financial crisis — Australians remained apprehensive about their futures, he said.

And any business that failed to respond to this by recapturing the public imagination with a compelling, value-driven offering would simply fall by the wayside.

Its magnificent but is it worth 529

It’s magnificent, but is it worth $529?Source:Supplied

WHAT’S WRONG WITH THIS RUBBISH BIN

Dropping half a grand on a kitchen waste bin is the kind of decadent behaviour that most Australians can only dream of.

And while this gleaming, fingerprint-proof stainless steel contraption may be an OCD home maker’s dream, the $529 price tag perfectly illustrates why Howard’s Storage World has gone under.

“Designed for superior durability and strength with a solid steel platform pedal and step area,

READ MORE:
http://www.news.com.au/finance/business/retail/australian-retailers-urged-to-lift-their-game-after-nightmare-year/news-story/8b660b7a73ddef670d6515c547d7e661

"We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

Comments

  • RosieRosie Member, Permitted to post new threads
    So why this expansion of Shopping Centres?
    Chadstone Shopping Centre is the largest in the country  and about to grow even bigger
    Chadstone Shopping Centre is the largest in the country — and about to grow even bigger.

    Melbourne home to Australia’s biggest shopping centres

    Leader
    December 21, 2016 11:00pm

    MELBOURNE will be home to five of the six biggest shopping centres in Australia if plans for a $500 million expansion of Westfield Doncaster go ahead.

    The new-look Chadstone at 190,000sq m is the biggest in the country, with Westfield Fountain Gate (177,000sq m) not far behind.

    Westfield Sydney sits third on 153,000sq m.

    Highpoint Shopping Centre has some ambitious plans to expand.

    But Westfield Knox has plans in place to expand to 188,500sq m, which would make it the second biggest in the country, while GPT Group’s Highpoint this year announced plans to expand to 185,000sq m.

    That would make all four Melbourne shopping centres bigger than any other in the country, while Westfield Doncaster’s plans to grow to almost 150,000sq m would bring it in at number six.

    http://www.heraldsun.com.au/leader/news/melbourne-home-to-australias-biggest-shopping-centres/news-story/0d5be6c7ec9dde52c278838b1981f7d5

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    Perhaps because the shopping malls aren't really shopping malls, at least forever...
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • RosieRosie Member, Permitted to post new threads
    edited March 22
    Exactly my line of thinking Matt.  Perhaps it pays not to park in the underground bays with ticketed or ticketless exit barriers. 

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • RosieRosie Member, Permitted to post new threads

    A Third of American Malls Will Close Soon

    May 12, 2016  from Time

    Shopping malls are rapidly losing their appeal with shoppers.

    About one-third of malls in the U.S. will shut their doors in the coming years, retail analyst Jan Kniffen told CNBC Thursday. His prediction comes in the wake of Macy's reporting its worst consecutive same-store sales decline since the financial crisis.

    Macy's and its fellow retailers in American malls are challenged by an oversupply of retail space as customers migrate toward online shopping, as well as fast fashion retailers like H&M and off-price stores such as T.J. Maxx. As a result, about 400 of the country's 1,100 enclosed malls will fail in the upcoming years. Of those that remain, he predicts that about 250 will thrive and the rest will continue to struggle.

    "On an apples-to-apples basis, we have twice as much per-capita retail space as any other place in the world," Kniffen said. "So, yes, we are the most over-stored place in the world."


    Read More: America's Malls Are Losing Their Anchor Stores

    http://time.com/money/4327632/shopping-malls-closing/


    My comment
    Doesn't add up does it?


    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    No it doesn't. Especially when you study the engineering of the facilities. Why do malls need guard towers? Why are their interiors identical to prisons? Curious, at minimum.

    One interesting fact: Brazil is hosting the World Cup of Soccer soon, and it's been stated outright that at the conclusion of the tournament, one of the newly built stadiums will be converted into a prison complex - so this is by no means far-fetched. 
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • RosieRosie Member, Permitted to post new threads

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • RosieRosie Member, Permitted to post new threads
    Image result for modern prison inside image
    Maybe they'll turn these into shopping malls.

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    For government agencies that need recruits for their experiments 
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
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