Retail trends and forecasts for the year ahead: The Australian Retail Outlook 2019
Our retail experts cover the winners and losers in the Australian retail market, explore the importance of customer digital interface and the key developments in franchising and payment methods. We delve into the key trends in 11 different authored articles in conjunction with Inside Retail.
"Retailing isn’t easy and 2018 proved to be another challenging year for many retailers. Roger David and Laura Ashley entered administration and we saw Esprit announce the closure of all Australian stores as it exits the Australian and New Zealand markets. Department stores continued to feel the pinch as digitised consumers challenged business models. A slew of scandals resulted in a parliamentary inquiry into the Australian franchising industry.
The year saw a number of changes begin (or continue) to take place. Australia’s traditional retail calendar is being transformed by the growing number and size of retail events in November placing pressure on traditional Christmas trading. In addition, shifts in consumer behaviour are placing greater value on transparency and demand for retailers to stand for something. And while broadly the retail market remains tough, many retailers made 2018 a year to remember.
Amazon Australia bolstered its range and introduced the highly anticipated Amazon Prime, and we saw Afterpay transform (and reap the rewards) of the adoption of new payment solutions. Retail heavyweight JB Hi-Fi defied its critics and continued to perform strongly and the digital transformation of Accent Group’s brands [Footlocker, Platypus] saw it post record profits. The stage is set for a big 2019 for Australian retail."
, Partner, Head of Retail – Ferrier Hodgson, Azurium
WINNERS AND LOSERS: PAGES 19 - 24
P 19: JB HI-FI: From strength to strength
P 20: ACCENT: Stepping up in 2019
P 21: MECCA: A retail makeover
P 22: MYER: Who said retail is easy?
P 23: "Just Afterpay it"
P 24: Franchising Headwinds
RETAIL TRENDS: PAGES 27 - 32
P 27: Last mile stand
P 28: Australia's new retail calendar
P 29: The age of brandsparency
P 30: Stand for something
P 32: AMAZON: one year on
Read the full publication HERE or click on the individual articles below:
James Stewart, Retail Practice Leader, Ferrier Hodgson and Azurium
Phil Quinlan, Partner, Ferrier Hodgson
Neeraj Sharma, Partner, Azurium