The NRA announces a slump in retail sales and Hotel Chadstone opens in Melbourne. Get a healthy dose of news as we uncover the day’s top stories in e-commerce and retail.
Retail Sales Slump in September
The National Retail Association has announced that retail sales have risen 0.2 per cent in September. “Measures such as tax cuts and reductions to interest rates have already been implemented, but clearly we’re still yet to see retail sales rebound like we would have hoped,” explained Dominique Lamb, the CEO of the NRA.
“Moving forward we have several big sales events such as Cyber Monday and Black Friday coming up this month, and of course we’re about to enter the busy Christmas trade period. Shoppers should keep an eye out for bargain sales as retailers try to entice customers to open their wallets. Christmas is an important time of the year for retail and many smaller operators rely on strong sales in the festive season to sustain their business throughout quieter parts of the year. A poor Christmas period for retail will have a knock-on effect to other parts of the economy, so we encourage shoppers to indulge in some retail therapy between now and the end of the year.” You can read the full article here.
Hotel Chadstone Opens
Hotel Chadstone has opened for regional Australians and tourists who want to shop at Australia’s largest shopping centre. “Hotel Chadstone Melbourne will be the leading Australian hotel to integrate some of the world’s best hospitality, lifestyle and luxury offering at Australia’s number one retail precinct. Guests will enjoy an opulent destination to prepare or pamper, depending on whether they’re visiting for business or leisure,” said Chadstone General Manager, Fiona Mackenzie. “We’re very proud of what we’re creating as Chadstone transforms into an integrated destination incorporating retail, dining, entertainment, tourism and business – a hub for Melbourne’s south-east.”
Catch up on last Friday’s Freshly Squeezed news here.
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