The consumer is always king (or queen) and Australian consumers spend big.
There are almost 140,000 retailers in Australia and the industry accounts for 4.1% of GDP. The sector employs over 1.3 million people (according to ABS data) which is almost 10% of the workforce. This number has increased slowly over the past five years as more and more retailers turn to the online marketplace.
ausbiz has the latest retail news about the world's best (and sometimes worst) retail players. From top global companies such as eBay and Walmart to local players like Kogan and Nick Scali, ausbiz has the numbers you need to know to make informed decisions about your investments.
The ausbiz team speaks with equity analysts, ETF providers, financial advisors, economists and retail groups to better understand how the latest retail news impacts listed companies, what retail spending says about the health of the economy, trends in ecommerce, and how to best invest in Australian listed retailers.
Australian retail news
Everyday it seems like there are stories hitting headlines about COVID related supply shortages, poor stockpiling decisions or store closures due to lockdowns. But it's not all bad news. Special dividends and buybacks are often featured in the results of the big Australian retailers and the likes of Woolworths and Wesfarmers are just some of the names that have recently rewarded investors.
There is no doubt that COVID-19 has dented the confidence of consumers on both a global and local scale, but many analysts see pent-up demand emerging once economies start to reopen and vaccine targets are met. Unfortunately though, the glory days of pandemic spending might be behind us. The splurging on household goods, home office furniture and TVs has subsided and some of the local players have felt that squeeze.
Are retail companies a good investment?
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