ANZ: Retail deflation to deepen

Tuesday, 21 March 2017

From ANZ:

 Trading conditions in Australia’s retail sector are difficult and likely to remain so given intense competitive pressure around pricing and slowing growth in retail sales per capita.

 The surge in foreign retailers opening brick and mortar stores continues to disrupt the retail landscape. With only 16% of the world’s top 250 retailers currently with a physical presence in Australia, and the rumoured opening of Amazon this year, we expect pricing pressure to remain intense for at least the next year or two.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.