The talk of the town: NAB Business wrap
There’s been a lot for Aussie businesses to talk about recently – from the impact of weather on global economic growth to retailers’ expansion plans. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
Bad weather hasn’t deterred global economic growth according to the latest business data from the US and UK. Meanwhile prices soared in the domestic grain market. Supermarkets and retailers dominated headlines recently week – demonstrating these sectors are alive and kicking.
Miracle at David Jones
The new Chairman of David Jones scored a huge coup recently, convincing outgoing Chief Executive Officer Paul Zahra to stay put following a revamp of the retailer’s board. The turnaround demonstrates the power of a cohesive board and the importance of developing a strong relationship between the board and the CEO – a critical issue for many Australian businesses. Find out more.
The WOW factor boosts supermarket sector
Hot on the heels of Coles’ recent announcement that it’s planning 70 news stores, Woolworths has unveiled plans to open 108 new stores this year. The move will create almost 7,000 jobs for the supermarket sector and provide more opportunity for suppliers. Find out more.
Swedish fashion snowballs
There’s more to Sweden than Ikea, ABBA and meatballs. The Swedish global fashion chain H&M has arrived in Australia, with a store opening in Melbourne’s GPO building in the Bourke Street mall on April 5 and several Sydney sites to be opened over the next 18 months. Another positive indicator that the retail sector in Australia has real potential this year. Find out more.
The rain outside Spain doesn’t stop gain
Bad weather impacted business activity in the US and UK in early 2014, but wasn’t able to contain underlying global growth, according to NAB’s Monthly Business Survey for February. There has been greater contribution from advanced economies - good news for Australian businesses that are trading with North America and Europe. Find out more.
Do you have a grain of cents?
Aussie farmers certainly do, with domestic grain markets defying global price trends to rise notably in December on strong domestic demand, especially in Queensland and New South Wales. And it’s not just the grain growers enjoying the rise – global dairy prices have been on a relentless demand-induced increase despite strong output levels in New Zealand. Find out more.
So-fa so good in the furniture sector.
The online household furniture sales industry is making itself comfortable. According to IBISWorld, the sector is forecast to grow by 22.3 percent to reach $297.5 million in 2013-14, demonstrating the size of the opportunity for retailers that are able to assert their dominance. Find out more.
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