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THE CHANGING FACE OF RETAILING. OWNING YOUR FUTURE. Agenda. Retail Environment Challenges Opportunities Business fitness. Retail Environment. Australian market s oft Deflationary impacts Online shopping g rowth Cautious discretional s pending Mining boom. Challenges. - PowerPoint PPT Presentation
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THE CHANGING FACE OF RETAILING
OWNING YOUR FUTURE
Agenda
• Retail Environment• Challenges• Opportunities• Business fitness
Retail Environment
• Australian market soft• Deflationary impacts• Online shopping growth• Cautious discretional spending• Mining boom
Challenges
Operate in Remote Locations• Supply chain• Cost of doing business• Recruitment and retention• Lack of retail sqm²• Deal with seasonal impacts
Challenges
Sales leakage out of region• Online shopping• National retailers targeting• Planned city shopping • Shallow product categories• Advertising/promotions
Opportunities
• Captured demographics• Population growth• Place of choice/lifestyle• Mining boom impacts
Opportunities
• Housing developments• Cruise ship visits• Dry season influx• Wet season activity• Retail precincts
Business Fitness
Build your brand• Focus your offer• Customer service• Invest in training/development• Build customer loyalty
Business Fitness
Build your brand• Be price competitive• Sqm² usage• Control your costs• Targeted promotions
Business Fitness
Build your brand• Bricks and clicks strategy• Retail offer with an informative website to
draw customers back into your store
Summary
• Regional growth• Effective Business Plan• Own your future
Thank you