State of Australian Retail Industry - Clothing
More and more Australian companies are turning their brick and mortar stores into online versions. But is that the correct road to decide to try make australian retail industry competitive?
Kids Clothes
According the NAB business Insights site, the online retail sales index went up 23% year-on-year in September 2012. But itfs quick to add it is still emodestf compared to traditional sales. Appears to signify Aussie retailers remain not up to speed in terms of online markets and retail stores. But online retail sales approximately September 2012 has totalled a staggering $12.1 billion. That quantity is big but is small, only about 5.5% in comparison to traditional brick and mortar retail sales.
Kids Clothes
So what are the indications? Is brick-and-mortar stores still what you want if entrepreneurs want to enter in the retail industry? Maybe, not. The expansion rate for online sales though are outperforming that relating to traditional sector. Actually, there's a slowing in rise in that sector.
Itfs a sad proven fact that quite a lot of Australian brands 're going the way of the Dodo - partly blamed from the increasing competitiveness of pricing by online stores. Brands for example Fletcher Jones, GAME, WOW Sight and Sound, Dick Smith, Speciality Fashion Group, and more than 650 more enterprises have either closed down or planned to pare down operations - to closing nearly all of their branches.
Around the flipside, domestic online stores always innovate ? so that you can develop or keep a competitive advantage. An array of promotions and specials to be able to attract new customers or create a subscriber base - many organisations are offering express delivery, or in some cases same day delivery, even offering it at no cost.
The continual changing landscape of the retail marketplace is forcing traditional businesses to shift to online operations. Industry players happen to be enticing consumers and investors for their value offerings and return promises. Best online stores are increasingly being found readily in Google. Kids clothes stores for example Oozos, Baby Requires a Trip, Eternal Creations. Even SMEs with the clothing industry are earning their mark: Minifin, KandyCrew, Master and Miss, DanieZach for example.
In Australia, online retailers are showing up and therefs a lot variety that customers are becoming much bang for buck. But so much of these clothing is manufactured anyway off shore that grealh Australian kids clothing is losing its actual meaning. Specialty online retailers that come with only Australian designed clothes offer greater promise to create Aussie clothing industry competitive. If the government would support such SMEfs, then a Australian clothing industry may yet make its mark globally.