Ben Hassing

We have released our Q2, 2024 market overview for the retail sector in Australia. Retail turnover growth (year-on-year) continues to trend downwards from a peak growth rate of 11.5%, reaching 1.6% in May 2024. While the cash rate outlook remains volatile, the current restrictive policy stance is slowing the pace of discretionary spending. Nevertheless, vacancy rates remain low and the supply outlook is very muted. Options for tenants are becoming more limited, driving rental growth. Investors are returning to the retail sector given the improving value proposition. Click to download the retail report and read more: https://lnkd.in/gfCzDe9e #jllaus #jllretail #jllresearch Lee McLaughlin Alyssa Lenehan Dion Baker Vanessa Di Mauro Kelli Shoesmith Faye Hedayatian Nicholas Watterson Iona Carter Nithya Sundarraman

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Great article below on shifting consumer from department stores to discount. According to analyst, Jane Hali, “As consumers remain pressured by inflation and accrued debt, discretionary items are taking a back seat when it comes to spending. . . when they do shop discretionary items, consumers are seeking value." Read on below for more from Daphne Howland at Retail Dive: https://lnkd.in/geutYxyD

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Singapore retail sales dropped 2.3 per cent in July after excluding motor vehicles from the data, compared with the 3.1 per cent decline in June. #InsideRetail #Retail #retailnews #sales #decline #data

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Uniqlo's 🛍️ self-checkout system at its Fifth Avenue store utilizes RFID technology, eliminating manual scanning. Led by CIO Takahiro Tambara, Fast Retailing has integrated RFID chips into price tags since 2017 to optimize supply chain efficiency. The declining costs of RFID tags and improved reader hardware have driven widespread adoption across the retail sector. Uniqlo's investment in RFID has reduced out-of-stock items and improved customer satisfaction, with checkout wait times halved ⏳. Companies like Inditex and Decathlon are also leveraging RFID for inventory management and checkout processes. 🚀 Moreover, Indian retailers and brands are increasingly evaluating and adopting RFID technology to enhance their operations and customer experience, recognizing its potential in streamlining inventory management and meeting consumer demands. Read more here - https://lnkd.in/guNdZTMs Hashtags - #RFID #UNIQLO #Technology #SupplyChain #Retail

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China retail sales grew by a modest 2 per cent in June compared to the 3.7 per cent increase in May, according to the National Bureau of Statistics (NBS). #InsideRetail #Retail #retailnews #sales #increase

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Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year. #InsideRetail #Retail #retailnews #profit #estimate #advertising

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Join me in Melbourne on Sunday for my keynote - Maximising Profits Through Effective Stock Control Strategies! I’ll be focusing in on essentials for retailers looking to optimise their Merchandise Planning to drive profitability. - Learn the AIM principle (Always In Motion) and why it's crucial to treat your stock like cash, constantly turning it over for maximum returns. - Explore the Sales, Margin, and Stock trifecta and understand how they work together to inform decision-making. - Discover the dynamic between the three types of margin —First Margin, Final Margin, and Stock Margin— and how to leverage them for success. - Gain valuable insights into using a variety of stock measures, such as sell-through, stock turn, weeks of cover, and freshness, to predict profitability more accurately. - Learn effective markdown management strategies to achieve efficient sell-through and margin optimisation. And there's more ... check out our panel discussion on Monday covering How to Capitalise on Consumer Trends for Positive Business Impact. Lots of practical insights to unpack. Link in comments, with more info on the SMART IN PLANNING ® and Reed Gift Fairs websites. See you there! #MerchandisePlanning #InventoryManagement #Retail #Profit #Merchandising #Inventory

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