This edition of Consumer Products & Retail Insights contains the following articles:
Is Turnbull the new black?
Since becoming Prime Minister in September, Malcolm Turnbull is riding a wave of popularity.
Early indicators of increasing business and consumer confidence are evident, but few retailers would say their expectations are anything other than stable for 2016. However, the new prime minister effect – fresh ideas; new approaches; reinvigorated thinking – should help stimulate economic growth across the board, from reliance on the resources sector to the broader economy, including retail. Albeit conditions are expected to remain weak for retail in Western Australian and parts of Queensland.
State of the market - Retail & consumer products dealtracker
In this Dealtracker – Financial Year 2015 Update, we have reviewed recent M&A activity in the retail and consumer products sector. Despite tough trading conditions for Australian retail and consumer product businesses, M&A transaction levels have grown year-on-year ,with 87 transactions taking place during FY2015, up from 69 transactions the year prior.
Managing currency risks against the greenback
With the Australian dollar (AUD) languishing against the greenback, it’s no surprise that retailers and wholesalers know the spot rate to the nearest decimal point. The dollar has dropped more than 20% of its value over the past year, directly impacting profit margins. The pressure is on as the cost of bringing product into Australia increases.
This edition of Consumer products & retail insights includes the following articles:
2015 CPA Retail conference key learnings
On the 15 April Grant Thornton was a major sponsor of the CPA Retail Conference. Our own Simon Trivett and Gayle Dickerson were panellists along with a number of other retailer players. The key theme of the conference was certainly around innovation and connecting with your customers. We gleaned a lot from the speakers on the day and share some of the key insights shared by the panellists.
2015 Sydney CPA Australia retail forum challenges and growth survey
During the CPA Australia Retail Accounting and Finance Forum held in Sydney, Grant Thornton surveyed the senior executives of leading retailers operating in the Australian market to determine what challenges they are currently facing and where they expect to see growth occurring.
2015 Budget wrap up
Australian retailers are facing revolutionary changes to their industry in terms of digital disruption. Mobile devices and the proliferation of online stores and international competition has put the power squarely in the hands of the consumer. This trend is amplified by changing consumer demographics and the emerging purchasing power of the Millennial generation. So what was in the budget that might help retailers address any of that?
Top five retail trends for the next twelve months
The retail industry is becoming a highly competitive marketplace with businesses fighting for the consumer dollar while simultaneously trying to stretch their own. Retailers are increasing their creativity and adjusting their marketing strategies to make sure they don’t miss out on a single customer. Managing director of two cents digital marketing agency, Simon Dell discusses the top five retail trends for 2015.
A path to smarter data: Using a strategy map approach to understand opportunities
Thousands of products exist on the market, with over 900 technology companies offering solutions to retailers. However technology should not be viewed as the starting point. Rather businesses need to understand how data will support their business strategy and create value for their organisation and how people, processes and decision making structures need to align.
Key insurance & risk issues for the retail sector
The insurance industry is in a very competitive position from a cost-cover perspective. This is very relevant to the retail sector as this is a preferred industry class from an insurance perspective. In the main, this is because businesses are typically well managed, operate in a safe environment and are profitable for the insurance sector.