PEAK retail industry body the Australian Retailers Association (ARA) said the seasonally adjusted rise (0.1 percent increase) in monthly retail trade figures (month-on-month) reported today by the ABS followed a 0.2 percent rise in February 2014.

Year on year retail growth also rose 5.6 percent in March 2014, seasonally adjusted, compared to March 2013 - a hopeful sign that the retail industry may be on the long road to recovery. 

ARA Executive Director Russell Zimmerman said March trade results could have been better, but the 0.1 percent increase was somewhat expected after such a strong period of trading throughout January and February.

“Australians love a good coffee and dining out with friends and family, and consumers certainly made the most of the final summer days in March with cafes, restaurants and takeaway food services experiencing steady growth at 1.1% and food retailing at 0.5%.

“Department stores experienced stagnant sales (-0.1%) and clothing, footwear and personal accessory retailing also dropped (-0.3 per cent). We can put this down to the warm March weather, with consumers holding off on purchasing their winter wardrobes and enjoying the sunshine instead. Given the cool change experienced late April, we are hoping to see an upswing in retail spend in April trade figures.

“Turnover rose in New South Wales (0.8%), Queensland (0.2%), Tasmania (0.8%) and the Northern Territory (0.1%). These rises were partially offset by falls in Western Australia (-0.9%), South Australia (-0.8%), Victoria (-0.2%) and the Australian Capital Territory (-0.8%).

“Although retail trade started off strong this year, unfortunately the SME sector is still struggling. Retailers are counting on interest rates remaining low to be able to cope.

“The ARA urges the Reserve Bank of Australia (RBA) to cut interest rates next month given imminent Federal Budget cuts. The RBA’s decision this week to keep the cash rate on hold has concerned retailers and consumers alike, who are nervous about the Federal Budget announcement next Tuesday. We are aware that the Federal Budget announcement will likely result in budget cuts, affecting both retailers and consumers,” Mr Zimmerman said. 

MONTHLY RETAIL GROWTH (February 2014 – March 2014 seasonally adjusted)

Cafes, restaurants and takeaway food services (1.1%), Food retailing (0.5%), Department stores (-0.1%) Household goods retailing (-0.3%), Clothing, footwear and personal accessory retailing (-0.3%) and Other retailing (-1.1%). Total sales (0.1%).

Tasmania (0.8), New South Wales (0.8%), Queensland (0.2%), Northern Territory (0.1%), Victoria (-0.2%), South Australia (-0.8%), and Australian Capital Territory (-0.8%) Western Australia (-0.9%) and Total sales (0.1%).

YEAR-ON-YEAR RETAIL GROWTH (March 2013 – March 2014 seasonally adjusted)

Cafes, restaurants and takeaway food services (11.9%), Clothing, footwear and personal accessory retailing (9.3%),  Household goods retailing (6.4%), Food retailing (4.7%), Other retailing (4.3%) and Department stores (-3.4%). Total sales (5.6%).

New South Wales (13.6%), Tasmania (8.4%), Victoria (6.1%), Northern Territory (5.5%), Queensland (4.9%), South Australia (3.0%), Western Australia (0.5%) and Australian Capital Territory (-0.3%).Total sales (5.6%).

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Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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PEAK retail industry body the Australian Retailers Association (ARA) said the Reserve Bank of Australia’s (RBA) decision to keep the cash rate at 2.5 percent has caused concern for both retailers and consumers.

ARA Executive Director Russell Zimmerman said the RBA’s decision to keep the cash rate on hold for the eighth consecutive month has concerned retailers and consumers, who are nervous about the Federal Budget announcement next Tuesday.

“While today’s result was expected, we urge the RBA to consider lowering interest rates in June to provide some relief to struggling Australians. We are aware that the Federal Budget announcement will likely result in budget cuts, affecting both retailers and consumers.

“Although retail trade started off with a bang this year, unfortunately growth is not consistent and the SME sector is certainly still struggling. Interest rates must remain low to ensure that these retailers are able to cope,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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PEAK retail industry body the Australian Retailers Association (ARA) said Victorians will benefit from the estimated operating surplus of $1.3 billion following the announcement of the 2014-15 Victorian State Budget today.

ARA Executive Director Russell Zimmerman said the ARA is pleased to see the Victorian Government’s commitment to delivering state-shaping infrastructure (with major infrastructure spend which will assist retail supply chains and consumers) as well as cuts in Payroll Tax.

“With cuts in Payroll Tax for around 39,000 businesses and Australia’s lowest Payroll Tax between $4.7 million and $26.7 million payrolls, along with a strong infrastructure spend and surplus, Victoria remains the envy of other states.

“The ARA also supports moves to make public transport more affordable. It is great to see commuters being able to travel in Zones 1 and 2 for the price of a Zone 1 fare, as well as free tram travel within the CBD and Docklands, which will no doubt encourage shoppers to visit Melbourne CBD and other established retail precincts.

"The ARA commends the Victorian Government as an effective economic manager of Australia and congratulates their drive to lower business costs.

“Retailers will benefit from the Government continuing to reduce red tape and regulation, as well as opposing measures that will increase costs for Victorian small businesses.

“Any boost in infrastructure will see increased employment opportunities, and from a retailer’s standpoint, hopefully result in increased retail sales.

“The airport rail link project will also continue to grow travel to the State’s capital and maintain Melbourne’s reputation as Australia’s retail and fashion capital. The $8.5 - $11 billion rail link under the CBD and connecting to the airport is a significant step in future proofing Victoria.

“The Government’s commitments outlined today are certainly a good sign for Victorian retailers’ logistics, business costs and customers,” Mr Zimmerman said.

 
Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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Chief Executive Mark Stone says VECCI welcomes the strong infrastructure focus of the budget that will create jobs and support the Victorian economy to grow.

"The budget provides important funding for East West Link Stage 2 as well as funding to progress the Melbourne Rail Link project, both of which will create jobs and are key to enhancing the capacity of Melbourne’s transport system," Mr Stone said.

"Employers will welcome the reduction in the payroll tax rate which keeps Victoria’s taxes competitive against other states and reduces the cost of doing business.

"In delivering these measures, the budget remains fiscally responsible with projected budget operating surpluses averaging $3 billion per year over the forward estimates period. Net debt is predicted to fall, which will ensure Victoria retains its AAA rating as a stable and low risk destination for new investment.

"Also positive is additional funding to: attract major business events, support tourism marketing, and advance the ‘Food Into Asia’ action plan.

"It is a budget that will build on Victoria’s relatively strong financial position, progress important infrastructure projects and provide tax relief for business.

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The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the peak body for employers in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

www.vecci.org.au

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The Victoria Tourism Industry Council (VTIC) welcomes measures to support tourism in today’s budget, but is disappointed the Melbourne Convention and Exhibition Centre (MCEC) expansion was not catered for.

“Tourism creates jobs and delivers economic prosperity to communities across the state and as one of Victoria’s most significant economic drivers, it is pleasing to see the budget provide for several industry priorities,” says VTIC Chief Executive Dianne Smith.

“VTIC and its industry colleagues have championed these causes for some time and congratulate the State Government for making them a priority in the budget.”

Intrastate marketing, regional tourism products and an international aviation attraction were among the tourism-related initiatives to receive funding.

However Ms Smith says VTIC urged the State Government to include expansion of MCEC in its self-described “infrastructure budget”.

“The industry is disappointed that the State Government has not allowed for MCEC’s expansion at a time when infrastructure was a significant focus of the budget,” says Ms Smith.

“An investment in business events is an investment in high yield economic activity, which is vital to boost the soft employment market in tourism and allied industries.

“Should Melbourne continue to lose its grip on the international events and exhibitions market, the economy will suffer and jobs will be lost.”

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The Victoria Tourism Industry Council (VTIC) is the peak body for Victoria’s tourism and events industry, providing one united industry voice.

Tourism and events are growth industries for Victoria and contribute $19.1 billion to the state economy each year and employ more than 201,000 people.

www.vtic.com.au

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Contact Us

 

PO Box 2144
MANSFIELD QLD 4122