Business

Brighter Christmas expected for retail industry

RETAILERS could be looking at the best festive season in three years, a Deloitte Christmas Retailers' Survey to be released on Thursday will reveal.

The survey showed almost a third of retailers were expecting to discount their prices by early December, while retail trade growth was expected to come in at 3.7% for the year to December.

Deloitte partner David Rumbens wrote that the macroeconomic climate was likely to give the retail industry the best chance in three years to make some money this Christmas.

"It's hardly a perfect set of circumstances - jobs growth in Australia remains anaemic," he wrote.

"But interest rates have been slashed, wages growth is solid, house prices are stabilising, and consumer confidence has picked up.

"Consumers' appetite for spending has been stronger in 2012 than it has been for some time."

While Mr Rumbens wrote that he expected a brighter Christmas at the cash registers, retailers were likely to "return to a hard slog" next year, before a return to good returns around June.

"By financial year, real (inflation-adjusted) retail sales growth is expected to record solid growth of 2.9% in 2012-13, a step-up from recent years," he wrote.

"That may then moderate to 2.7% growth in 2013-14 as labour income growth is modest, before improving to 3.6% in 2014-15 as broader economic conditions and housing activity improve.

"Australian retail sector outcomes across the country are showing nearly as much diversity as the Eurozone at present."

Topics:  christmas, deloitte, retailers, retail industry


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Travellers take advantage of 'free camping' spot

A van parked at Noosa Junction bowls club.

Empty bowls club has become free camping spot out of council control

Waving the way to better mental health

STRONG: Noosa OneWave group would love to see more people join their supportive community.

ONE wave, one conversation, one hug is all it takes - to save a life

MP and Mayor tuck into 'meaty issues'

Noosa MP Glen Elmes and Mayor Tony Wellington.

Noosa MP and Mayor's tasty meeting

Local Partners

MP and Mayor tuck into 'meaty issues'

Noosa MP and Mayor's tasty meeting of local issues

Be fabulous with the Queens this long weekend

QUEEN BEE: Melony Brests brings you an evening of razzling, dazzling fabulousness this long weekend at the Noosa Arts Theatre.

Join local icon Melony Brests for a fabulous show this long weekend

Peregian littlies have big hearts for the homeless

HELPERS: C and K Peregian Springs Kindergarten pupils started a donation basket for the homeless. Archie is pictured here with a recreation of Orange Sky Laundry.

Peregian Springs kindy kids start a donation basket for the homeless

Noosa surf lifesaver dives in to graduate position

TOP JOB: James Ghent has landed a graduate position with Arup.

USC student lands position with top engineering firm.

Capturing our Noosa from high

NEW LOOK: Local photographer Dave Gleeson's work can be seen on a Melbourne tram.

Dave Gleeson's freelance photography has taken off

Big plans for our region

TEAM MEETING: MP Andrew Wallace, MP Llew O'Brien, Senator Fiona Nash, Mayor Tony Wellington and MP Ted O'Brien.

The Coast's top ten projects were being showcased to the Minister

10 unexpected school holiday events to get in to

FAMILY FAVOURITE: A scene from the animated movie Zootopia, which will screen as part of Movie Night Under The Stars.

Don't let the holiday's end without getting along to one of these

Nick 'the snake' to call the shots on Survivor jury

Australian Survivor contestant Nick Iadanza.

LATEST evictee is out of the game but will still have a say.

Naomi Watts and Liev Schreiber split

Naomi Watts and Liev Schreiber

Naomi Watts and Liev Schreiber have split after 11 years together.

Why Chris Hemsworth was spotted wearing nail polish

RED CARPET: Do you think Chris Hemsworth is the typical unpolished but well-natured Aussie bloke?

He's now officially the best bloke in Australia

Testament's new album is a concept album

ROME, ITALY- JULY 27, 2016: Testament photographed at The Roman Collisseium in Rome, Italy on July 27,2016. Gene Ambo

Testament to release new album

'Baby' recreates famous Nirvana cover shot 25 years later

The baby from Nevermind album has recreated the iconic cover shot.

PREVIEW: Luke Cage origin story is a strong addition to MCU

Mike Colter in a scene from the TV series Marvel's Luke Cage.

MIKE Colter stars as latest Marvel superhero to get his own series.

6 top tips for getting approved for a rental property

Follow these top tips to better your chances.

Real estate agent shares what you can do to get approved to rent

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.