Brian Walker’s Post

https://lnkd.in/gdrF54pa The stage three tax cuts, which come into effect on July 1, are expected to deliver a 1.4 per cent to 1.5 per cent increase in real household disposable income. Treasurer Jim Chalmers has also flagged additional cost-of-living support in the May budget. While inflation is proving surprisingly persistent, Oxford Economics Australia head of macroeconomic forecasting Sean Langcake said the tepid retail sales figures confirmed consumer demand was very restrained. “Considering the brisk pace of population growth, this is a very soft trend,” Mr Langcake said. However, he agreed the broader outlook for consumer spending would improve this year as real wages continued to picked up. “But for now, strong price inflation for essentials like health and education and higher rent and mortgage costs are still putting the squeeze on household budgets and discretionary spending.”

Thanks everyone for a great session Really enjoyed it and trust that our audience gained value in the insights that flowed Brian Walker

Locally, Aldi has been winning back shoppers amid cost of living pressures with sales in its retail operations reaching $10.6 billion in the year to December 31, 2022, up from $10 billion in 2021, according to the latest financial picture for the retail operating entity, which reports separately to Aldi Foods. Our largest supermarket retailer in scale and building market share consistently in Australia

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Inflation pressures coming out of the US and reflected in Australia - provide a challenging proposition for policy markets - decreasing the inflation rates whilst stimulating growth in a non inflammatory way, As house prices rise ( inflationary ) the retail mix changes in the sectors most exposed as this article demonstrates, Ben Gilbert delivers some great insights in this article, as ever Stockbroker Jarden, which has been tracking the data for 20 years, says that since 2004, there has been a 90 per cent correlation between upward moves in house prices and a rise in the share prices of retailers such as electronics seller JB Hi-Fi, Bunnings owner Wesfarmers and furniture group Nick Scali.” Brian Walker Retail Doctor Group

Always a great event Ash and getting even better each year Delighted with our Australian Retail Awards partnership , enjoyed speaking at the event , listening to some great content, working with the NRA and seeing many industry friends, Brian Retail Doctor Group

Really looking forward to this webinar , Great topic and very intent on helping retailers , with my colleagues, and all stakeholders with clear learnings and “how to “ implement strategies that are known to increase customer loyalty and spend, Brian Walker