As the going gets tough vendors and retailers are looking to the bottom line as opposed to getting a sale for the sake of a sale says David Ackery the General Manager orf Electrical at Harvey Norman and if the latest research from GfK is anythig to go by some vendors are making big returns with the product tracking Company reporting record growth in several key categories.
Australians in particular those with families are better off now than they were before the economic downturn claims Citigroup one of the world's leading investment banks. Mortgages have fallen by 2% Petrol prices are at an average of $1.04 Vs $1.41 twelve months ago and share market dividend yields have risen substantially. This they say has added $75 to the average weekly income.
The penetration of flat panel TVs in Australian households is increasing at a rapid rate claims GFK, with analysts claiming that the industry could get a big boost running into Xmas from the release of billions of dollars in funding by the Federal Government.
A new Westpac report called What's in store claims that retail performance and consumer spending is being "badly" obscured by Government policy. They also claim that consumer spending is set to rise from a forecast 0.4% for the quarter to 0.6%, this say Westpac will deliver a bigger 'payback' later in the year.