Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Save

Lack of retail Christmas cheer set to benefit buyers

By Grace Ormsby · November 13 2019
Reading:
egg

Save

Lack of retail Christmas cheer set to benefit buyers

By Grace Ormsby
November 13 2019
Reading:
egg
Shopping centre at christmas time

Lack of retail Christmas cheer set to benefit buyers

author image
By Grace Ormsby · November 13 2019
Reading:
egg
Shopping centre at christmas time

Australian retailers are heading into “the most wonderful time of year” without much optimism, meaning consumers might be gifted with bargains a lot earlier than usual.

Deloitte’s Retailers’ Christmas Survey 2019 has revealed that it’s the most pessimistic retailers have been since 2013. 

It comes off the back of a tough year for many retailers, with 47 per cent of Deloitte’s survey respondents indicating they’ve experienced flat or negative sales growth over the past 12 months. 

As a result, Deloitte’s national leader in the retail, wholesale and distribution group, David White, has commented that “it’s probably no surprise many are also approaching this Christmas with a little less cheer, certainly compared to last year”. 

“Just over 60 per cent are expecting to increase their sales this Christmas, compared to 80 per cent in 2018, and nearly 40 per cent are also expecting to see a decrease in seasonal margins,” he outlined. 

Advertisement
Advertisement

Mr White said many retailers had pinned their hopes on federal government tax cuts, “but the latest trading data suggests consumers have chosen to keep any windfall in their pockets”. 

“Retailers are no doubt hoping they’ve been saving up for Christmas,” he continued.

“As always, when to discount and by how much remains a critical decision for retailers over the holiday period.”

Mr White said 39 per cent of retailers are planning to discount before Christmas compared with 31 per cent last year.

Thirty per cent will do so in early December.  

“And with the proliferation of sales campaigns such as next week’s Black Friday leading into December, many are concerned this could bring forward Christmas trading at discounted prices,” the retail expert highlighted. 

Lack of retail Christmas cheer set to benefit buyers
Shopping centre at christmas time
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.