Retail Voice CEO Message: 26 April 2023

On Tuesday, we marked ANZAC day, a national day of remembrance in Australia and New Zealand that commemorates those who served and died in all wars, conflicts and peacemaking operations. Lest we forget.
Last week the Federal Government flagged sweeping reforms to the Reserve Bank of Australia and how future interest rates are set – which marks a significant change from the status quo.Treasurer Jim Chalmers released a range of recommendations, most notably including stripping the incumbent RBA board of its power to set interest rates.

Interest rates are obviously a factor in retail performance and sales, but also on the costs of doing business.

While these changes wouldn’t necessarily guarantee lower interest rates, it’s certainly a development to keep an eye on.

Today’s inflation results from the ABS reveal that inflation has stabilised, which could help with more stable trading conditions if that remains the case.

The ARA has been calling on the RBA to consider the wider ramifications of consecutive interest rate rises, and we were pleased that interest rates were paused this month.

The government has also handed down its long-awaited electric vehicle strategy, including plans for a fuel-efficiency standard, more public charging stations and local recycling of batteries.

Both businesses and individuals are well aware of the benefits of electric vehicles, but ultimately cost remains a factor in their uptake.

We’re pleased to see the electric vehicle discourse priortised and hope we can move towards a future where EVs are widely available, affordable and convenient which will have a very real impact on the transportation of goods and has the potential to assist greatly with sustainability in the retail industry.

Finally, at the ARA we’re approaching a very sentimental and nostalgic milestone. Preparations are underway for the ARA’s 120-year anniversary, celebrating 120 years in informing, advocating, educating and unifying the retail industry.

I’m reminded of the old adage that ‘it takes a village’ and the ARA certainly wouldn’t be where it is today without our loyal and supportive members.

On behalf of the ARA, we thank you for your continued support.

As always, our membership team is here to help if you need any assistance, so don’t hesitate to reach out via email or on 1300 368 041.


Brisbane Christmas Trading Hours

With Christmas just around the corner, spare time seems to be in very short supply. To accommodate this seasonal flurry, Brisbane’s major shopping centres have extended their opening hours, giving

Sydney Christmas Trading Hours

As we rapidly approach the festive season, with Christmas merely days away, the urgency to finalise our holiday shopping intensifies. Recognising this seasonal hustle, numerous prominent shopping centres in Sydney