•   
  •   

Money'We use hand-me-downs': Dollar-watching shoppers spell trouble for retailers

14:06  06 december  2018
14:06  06 december  2018 Source:   smh.com.au

This futuristic car could solve a multibillion-dollar problem facing Amazon

This futuristic car could solve a multibillion-dollar problem facing Amazon The company behind Walmart's pickup towers has developed a self-driving car that delivers packages to homes and businesses. 

The couple said their pay packets had not gone up in recent years so they had cut down shopping and used " hand - me - downs " for their two kids. This is a problem for retailers who for years have battled mounting competition from online sellers, low wages growth and rising costs especially rent.

Definition of spell trouble in the Idioms Dictionary. spell trouble phrase. What does spell trouble expression mean? I'm worried that these dark clouds spell trouble for our day on the golf course. Police know very well that large crowds can spell trouble .

'We use hand-me-downs': Dollar-watching shoppers spell trouble for retailers© Scott McNaughton Jackie Caruana has pulled back on her shopping but can't go "empty-handed" to Christmas

Jackie Caruana used to go shopping twice a week. No more. Now the 21-year-old tutor and student is much more choosy as rising prices have changed her habits.

"I have to look for cheaper options. I’ll wait until there are sales like Black Friday. I prefer to save all my money up until then and then go on a big splurge," she said, standing in Bourke Street Mall in Melbourne on Wednesday.

"It’s harder to shop because everything’s going up and my wage is still the same so the cost of living is increasing but the wages aren’t."

The Virat Kohli numbers that could spell more trouble for Aussies

The Virat Kohli numbers that could spell more trouble for Aussies The master blaster's 2019 Test numbers more than hold their own against the seven Australian batsmen vying for six spots in next week's opening Test.

Helping Hand Me Downs provides necessities such as children's clothing, supplies, and baby gear to help St. Louis families in need find stability and Helping Hand - Me - Downs helps families break the cycle of poverty and works with them to find stability and independence, serving over 13,000 children

The U . S . dollar has quietly crept to its highest levels of the year. One portfolio manager warns investors not to The DXY U . S . dollar index, which measures the greenback against a basket of currencies, has surged Chad Morganlander of Washington Crossing Advisors is watching the dollar this week and

She is not alone. One of the standout messages in the national accounts released on Wednesday, which showed a surprisingly subdued national economy, was that wages are struggling to show any sign of growth, consumer spending is weak and savings are deteriorating.

"Wages haven't picked up, utility prices are still really high, house prices are falling, people have a lot of debt. If they've got a choice, then they don't spend," said NAB's chief economist Alan Oster.

"November was strong with Black Friday [sales] but overall it's not great."

'We use hand-me-downs': Dollar-watching shoppers spell trouble for retailers© Scott McNaughton. Jaye and Judah Ryan with their two children Lier (5 months) and Tavi (2 years) decided not to buy anything in Bourke Street Mall today.

Holidaying couple Jaye Ryan, 36, and husband Judah, 42, were empty-handed walking down Bourke Street Mall.

The hot items thieves will be targeting this Christmas

The hot items thieves will be targeting this Christmas Australia’s retailers are being warned to brace for a Christmas crime wave, with more than a third of shoplifting thefts predicted to happen during the holiday season. While most retailers will make 30 percent of their sales at Christmas time, they can also expect to be hit with 35 percent of their losses due to theft, research shows. Seasoned thieves taking advantage of busy stores and staff rushed off their feet often played a part in the crime spike over Christmas, Criminologist Emmeline Taylor told nine.com.au.

As the dust settles from a record-shattering holiday shopping season, the retail industry turns its focus to a new year — along with new opportunities and challenges. Here’s what you can expect.

Retailer 's PROFITS Center, a division of The Retail Owners Institute, has how-to-profit training and profit planning calculators for retailers , from start-up Explanatory How-To Articles - Used and loved by retailers worldwide! Myth of the Bottom Line. Readily identify trouble spots – and opportunities.

They bought their first home in Brisbane six weeks ago and with two young kids the couple say they are "absolutely" budget conscious.

"Especially with the kids, things are getting pretty expensive," said Ms Ryan, who is currently on maternity leave from working as a horticulturist.

The couple said their pay packets had not gone up in recent years so they had cut down shopping and used "hand-me-downs" for their two kids.

"We buy the big ticket items like dishwashers and things like that but kids' toys and clothes have not been a priority," said Ms Ryan.

'We use hand-me-downs': Dollar-watching shoppers spell trouble for retailers© James Brickwood Joanne Jacobs shopping at Sydney's Pitt Street Mall.

At Sydney's Pitt Street Mall, it's a different story. Joanne Jacobs said that she does not give in to household budget pressures when shopping for Christmas presents.

“I have noticed a difference in the last six months but if I see something I normally get it, I don’t really give the funds or the credit card too much thought,” said the 50-year-old aviation specialist.

Laura Ashley collapses for the second time in two years

Laura Ashley collapses for the second time in two years British homeware and fashion brand Laura Ashley's Australian arm has gone into administration - the second time it has collapsed in two just years. The company appointed KordaMentha as voluntary administrators on Monday, which has put its 18 stores and the licence to operate the brand locally up for sale, and has started clearing stock. “The business has been hurt by the same factors affecting many other fashion retailers – a becalmed retail environment, rising fixed costs and fierce competition from online retailers," said KordaMentha's Tony Shepard.

Save on retail , travel, food, groceries, prescriptions with coupons, promo codes, sales, cash back offers, gift card deals for thousands of stores & brands at RetailMeNot, your ultimate savings destination.

Just don't forget the batteries! Amazon.com offers Cyber Monday deals on basic necessities like connecting cords, batteries, and coffee to make your online shopping experience as convenient as possible. You'll find deals on gifts for everyone on your list during Cyber Monday Deals Week.

'We use hand-me-downs': Dollar-watching shoppers spell trouble for retailers© James Brickwood Michael De Villiers says he is concerned about rising prices.

Medical professional Michael De Villiers, who was buying a luxury bag, said he was concerned about rising prices.

“When it comes to spending I think I am a little more cautious now, I don’t spend as much as I used to,” he said.

“I am spending less on luxury items because I think a few years ago there was a huge hype with people buying more luxury items but now I think people are more cautious and buying items on sale.”

“As the prices go up on luxury items for me I sort of cut back on spending because for me I think price-wise it is a little bit too much."

This is a problem for retailers who for years have battled mounting competition from online sellers, low wages growth and rising costs especially rent.

The strain of that showed up in the figures released on Wednesday which revealed a key drag on the economy was soaring retail inventories which had its biggest lift ($844 million) since December 2015.

This mounting pile of unsold goods pulled the GDP figure back by 0.3 percentage points.

'We use hand-me-downs': Dollar-watching shoppers spell trouble for retailers© Scott McNaughton Uma Abhyankar is stocking up on gifts before visiting her family in India.

Uma and Pramod Abhyankar were doing their bit to help long-suffering retailers eyeing a tough festive season.

Education consultant Mrs Abhyankar and her husband have been upping their shopping trips before heading to India for Christmas.

"Yesterday it was lunch boxes, today it's a pencil box," she said.

Ten years ago Gerry Harvey said online retail was “a complete waste of time”: Was he right?.
Ten years ago, Gerry Harvey said retail “is a con, a complete con”, and it’s safe to say the Harvey Norman founder missed the mark.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!