April 2009

  • April 21st, 2009

    Stimulus Bill coming to your Business?

    What the Proposed Tax Allowance means to retailers

    Today’s Post is quite a bit different from our normal posts in that we normally discuss Retail Business Tips or how to use Retail Management Systems to make your business run better. But today we are going to discuss the Federal Governments proposed Investment Allowance. This $2.7 billion Business Tax Break is a part of the Government’s $42 billion Nation Building and Jobs Plan.

    What is the Investment Allowance?

  • April 9th, 2009

    How far will a Retail Customer Drive?

    Customers typically shop at stores conveniently located to where they live and work. These customers form the trade area zone.

    The primary zone is the geographic area from which your store is expected to derive 60 to 65% of its customers from. This zone is usually less than 10 minutes drive from your store. (Fig 1)

    The secondary zone is the geographic area of secondary importance in terms of customer sales, generating about 20% of store sales. It is usually no more than 15 to 20 minutes drive. (Fig 1)

  • April 9th, 2009

    CeBIT Australia 2009 is coming in May!

    In conference news, the 2009 CeBIT Australia is coming to Sydney next month. We have obtained a coupon code that allows you free access to the Exhibition Hall.

    Depending on your retail business goals and needs you may want to drop by at least the exhibition hall to see some of the latest in technology and services.

  • April 7th, 2009

    Reserve Bank of Australia Lowers Interest Rate .25%

    The Reserve Bank of Australia Tuesday lowered interest rates a further one quarter of a percentage point to a 49-year low. The reason that was given is that the economy is contracting, but at a slower pace than other major economies. Because the current condition is fairly good in Australia it seems a deeper cut was not warranted.

    Governor Glenn Stevens said in his statement the Reserve Bank of Australia will proceed cautiously in coming months, making small adjustments to interest rates only if needed.