The first event for the year is Social Media Strategies in Franchising. This session will include a real world case study presented by Alex Perry, Managing Director of The Cupcake Bakery.

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The first event for the year is Social Media Strategies in Franchising. This session will include a real world case study presented by Alex Perry, Managing Director of The Cupcake Bakery.

REGISTER FOR FREE NOW

If you’re like me, you’re tired of hearing about the world’s economic woes. Every day there seems to be another bad news story. It’s not that I’m unconcerned or flippant about the difficult trading conditions or the fact that many businesses are struggling. It’s just that sometimes, it’s good to read a positive story – if for nothing more than a little balance.

It’s taken longer than our US and UK counter parts, but in 2011 the Australian Retail Sector finally accepted that the idea that “retail sales belong to bricks and mortar retailers”, is finally dead.

As we head into a new year, let’s reflect on 2011 and see how the Australian retail sector dealt with the 5 stages of grief. Will acceptance allow Australian retail to finally start competing online?

There’s no question business has had a tough year (or two). Without being flippant about the difficult trading conditions or the fact that many businesses are struggling, it’s sometimes good to focus on the positives – if for nothing more than a little balance.

Due to the discretionary nature of restaurant spending, the industry has faced difficult trading conditions as a result of the recent economic downturn whereby consumers chose to save by eating at home more often.

Further, already low margins were squeezed as consumers sought value for money in food purchases.