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Retail woes? Myer could learn a lot from Kmart

Myer is moaning about the tough times in retail, but Kmart has managed to do well in tough times. Take note, Bernie Brookes — the comparison is stark.

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Stronger retail and building data sits economy back in sweet spot

Today’s retail sales and building figures show an economy picking up, just as the RBA has been trying to engineer, write Glenn Dyer and Bernard Keane.

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No pick-up in retail last year, backing RBA case

New data from the ABS contains no good news for retailers, with sluggish trade for December and the last quarter of 2012. The RBA’s economic assessment yesterday seems about right.

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As High St dies, it’s time to build a new main street

Downtown is dying, in America and and now in the UK with news of the collapse of retailers Jessops and HMV. Crikey’s man-at-large writes from London on why it’s time to rethink our city planning.

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Click frenzy, profit wait for local retailers

Australia’s big retailers are trying to jump on the Click Frenzy bandwagon, while Target is still fighting to make a profit online. The numbers for many simply don’t add up.

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Kohler: a new breed of retail letter bomb

The next wave of online retailing, far more dangerous for traditional store retailers than the first wave, is now upon us.

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Consumer sentiment up and no one’s pinched the punch bowl

Are Australians sulking because someone took away the punch bowl and we are feeling poorer?

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New retail figures to send message to Reserve Bank

No sign of any joy for retailers from the latest sales data from the Australian Bureau of Statistics, which showed a rise of just 0.2% in February.

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Slew of data shows an economy in transition — right where the RBA wants it

The Australian economy is right where the Reserve Bank wants it to be. Forget the rate-cut talk ahead of next Tuesday’s March RBA meeting.

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Plenty of light in the doom-and-gloom retail figures

The headline fall of 0.1% in the seasonally adjusted value of retail sales for December got the “rate cut looms” mob back on the hunt this morning.

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GST push on overseas purchases least of retail’s woes

The push by some Australian retailers for the government to apply GST on overseas retail purchases continues in earnest, despite the cost of the proposals.

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Essential: early election out, but Labor brand still toxic

There’s been a marked fall in support for an early election in the wake of the Gillard government shoring up its parliamentary numbers as the political year draws to a close.

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Consumers open wallets wider, so why do we need to cut rates?

Can anyone explain why the Reserve Bank needs to cut interest rates, as quite a few economists, media writers and industry leaders say it will, either next month, or December?

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Retail figures a bit like Goldilocks, not too hot, not too cold

Bad news for all the retailing gloomsters, the sector isn’t the basket case that they all claim it is.

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Gloom? Consumers are saving, but they are spending too

Some of the country’s leading economists and business analysts can’t see a boom for the gloom that they are preaching and writing about.

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Online won’t destroy retail, it’ll give us money to spend locally

Online shopping is, for the first time, allowing Australians to access a genuinely competitive marketplace and the result is customers making big savings, writes Richard Denniss, executive director of The Australia Institute.

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Gottliebsen: hurtling towards a retail cliff

Non-food retailing, which employs 800,000 Australians, is in deep trouble, writes Robert Gottliebsen of Business Spectator.

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Kohler: Gillard’s incurable retail affliction

Relations between the federal government and business are as bad as they’ve been for 40 years, and it’s not just because of the proposed carbon tax.

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Bartholomeusz: planning a Woolworths honeymoon

Michael Luscombe would be reasonably satisfied with Woolworths’ performance, in the circumstances, as he prepares to hand over responsibility for the retailer to Grant O’Brien.

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More evidence of an Artic without ice

The Arctic Ocean is on the way to becoming nearly ice-free in summer within this century, most likely within the next thirty to forty years.

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ABS reports suggest that retail is doing it tough

The damage to the retailing sector from the sluggish spending in the closing months of 2010 was underlined in a trio of reports this morning.

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A grim set of numbers

You have to wonder whether the Reserve Bank has grievously overdone it with its interest rate rises this year.

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Wall Street Journal | ECONOMY|

Scroogenomics: Why you shouldn’t buy presents

Tight arses rejoice! Christmas may be around the corner but don’t splurge on unwanted gifts to boost the retail sector. Economist Joel Waldfogel says dead weight crap presents are a drain on the economy.

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SmartCompany | ECONOMY|

Clothes maketh the retail industry

Clothing retailers have taken a battering this year, but niche segments — like online stores and men’s fashion — are growing and IBISWorld predict a growth rate of 2.9% for the industry.

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The Atlantic | ECONOMY|

Is the recession really making us better people?

Nope, says Derek Thompson; we’re not spending less due to sudden epiphanies about altruism and the true value of money — we’re just broke.

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