Tuesday August 11, 2009
 
Retail sales rebound was “false dawn” says BIS Shrapnel
 
While it’s tempting for Australian retailers and their landlords to take comfort from recent positive newspaper headlines, they are little more than a false dawn.
 
Leading industry analyst and economic forecaster, BIS Shrapnel, says that the strong bounce-back in consumer sentiment, surprisingly robust retail turnover data and the upgrading of profit guidance by large retailers don’t reflect what’s in store for the year ahead.
 
BIS Shrapnel’s Retail Property Market, 2009 – 2019 report highlights a dramatic turnaround in household disposable income, from the strongest level in over 20 years in 2008/09 to a negative result this financial year. The report also forecasts shopping centre incomes will fall as weaker disposable income drags down consumer spending.

Contact: Maria Lee