Iconic Australian apparel brand, Rivers, has been sold to
the Specialty Fashion Group (Millers, Katies etc.) for $5 million.
Friday, 29 November 2013
Rivers Sold To Specialty Fashion Group
Update On CBA Mobile EFTPOS Facilities - Union Pay and Paywave.
We posted last week about the significance of Union Pay card
facilities for our Chinese tourists at the market - http://www.victraders.com/2013/11/important-card-facility-for-market.html
We understand that both CBA and NBA are contemplating Union Pay facilities for
their merchants.
The Commonwealth Bank advised us today that software
upgrades allowing the acceptance of Union Pay Credit cards were being gradually
introduced across the system with completion expected by early next year.
The updates are being introduced in batches and
unfortunately there is no way of jumping the queue even for premier tourist
spots like QVM. With over 100,000 Chinese
tourists visiting our market every year we are certainly a significant
destination for potential Union Pay users.
PAYWAVE – on a separate issue we can advise that CBA will
upgrade mobile EFTPOS terminals to PAYWAVE for a fee of $59. Simply ring the
CBA EFTPOS Help Desk on 1800 022 966.
Monday, 25 November 2013
Nick Auden Passes Away
Nick
Auden, Son of QVM Traders Peter & Kay Auden, passed away over the weekend
after a high profile battle with melanoma.
Nick
was the subject of the extraordinary "Save Locky's Dad" campaign to
give cancer sufferers access to trial drugs and was supported by a wide range
of business people, celebrities and organisations.
Our
sincere condolences to the whole Auden family. A sad time for the market
community.
Have Your Say - click here.
COMMENTS:
25/11/2013 14:24:41 Nick Auden "So sad, condolences to the Auden family" - Tony
28/11/2013 16:34:01 Auden Family "Our Thoughts are with you, lots of strength! Annette Boere and family" Annette Boere
COMMENTS:
25/11/2013 14:24:41 Nick Auden "So sad, condolences to the Auden family" - Tony
28/11/2013 16:34:01 Auden Family "Our Thoughts are with you, lots of strength! Annette Boere and family" Annette Boere
Retail News Shorts
Food
Growing
- in the 12 months to September Australian retail turnover grew by 2.9% while
food grew by 3.75%. And that trend is a continuation of recent experience with
food growing by an average of 5.3% over the last 10 years while retailing
generally grew at 4.2%.
Kogan
Gatecrashes Click Frenzy Event - Online retailer Kogan has been issued with
a cease-and-desist letter after conducting its own Click Frenzy sale outside
the official event. Kogan said that nobody should own Christmas Day, Boxing Day
or Online Sales events. Kogan had shown interest in participating in last years
event but were put off by the $30,000 fee.
Coles
and Woolworths Code of Conduct - Coles and Woolworths are about to sign up
to a voluntary code of conduct, subject to ACCC ratification. This follows
complaints, particularly from smaller suppliers, that the supermarket duopoly
was abusing its power. Just in case you doubt that abuse claim we note that the
two supermarket giants will no longer be able to charge suppliers for goods
stolen from their supermarkets........Honestly?
Sunday, 24 November 2013
Traders Comment on General Merchandise Shrinkage.
Traders Comment on General Merchandise Shrinkage.
Latest Retail News – 24/11/2013
Latest Retail News – 24/11/2013
1. McDonalds identifies coffee as key product for global sales growth.
2. Bucking Bull carvery opens first Victorian franchised store at Craigieburn.
3. Hong Kong’s Causeway Bay remains world’s most expensive retail location.
4. Dick Smith’s plans first sharemarket offer at $2.20 per share to raise $344m.
5. McDonalds Australia launches company’s first mobile ordering app.
6. Sportsgirl upgrades online offer with better mobile access.
7. Starbucks orders first in-train store on Geneva Airport to St Gallen railway.
8. Senator calls for moratorium on fuel discount dockets until anti-competitive claims are investigated.
9. Sydney Airport looks to upgrade its retail offer with international brands.
10. Myer launches Australia’s first store app with Christmas augmentation.
11. CBA reports October retail sales up 4.1% after 1.4% decline in September.
12. Online wine retailer, Vinomofo, wins Deloitte’s award for fastest business growth.
13. Pumpkin Patch says it faces more downside risks for 2014 profit result.
14. US reports a modest 0.4% increase in October retail sales.
15. US fast fashion brand, Forever 21, to open first Australian store in Brisbane 2014.
16. UK department store stalwart, Debenhams, sets up eBay online store.
Important Card Facility For Market Traders
Two of your Trader representatives were given a heads up
last week during discussions with a senior official from Tourism Victoria.
She asked if traders accepted Union Pay which is a credit
card based in China. Chinese tourism to The Queen Victoria Market has
apparently doubled in the last 4 years. Chinese tourists can only bring $5,000
to Australia and the rest of their needs must be accommodated through Union
Pay. Union Pay say their average transaction is $800 so you would need to make
sure you have plenty of boomerangs in stock.
NAB and CBA can offer Union Pay facilities through their system
and traders should check with their bank to ensure it is operational on their
mobile terminals. In addition, it would be a good idea to arrange counter
promotional material for Union Pay.
Intelligent Shopkeepers
I have just read an
article about the very latest innovations in retailing including augmented
reality, holographic displays, drones, robotic assistants, and something called
“intelligent shelves”.
Now I am going to be a bit of a smart-ass here, but “intelligent
shelves” are described as camera-ready shelves that will “read” our profile
(making judgments about features, sex and ethnicity), serve up suggestions, and
change detail provided about the product to suit. Apparently this new system is
being tested in Singapore this month. But isn’t that what shop owners and their
assistants have been doing for centuries? Don’t we “read” our customers by
looking at them and then conversing with them to find out their needs?
As we have printed on this website many times – our single
biggest advantage as market traders is that we can personally relate to our
customers in a face to face exchange that not only works better than
technological guesses but helps make shopping a pleasant experience.
Give me intelligent
shopkeepers anytime.
Have Your Say – click here.
Is An Underground Carpark The Best Option?
Of all the issues surrounding QVM renewal the car park is
probably receiving the most discussion and with good reason.
The car park is a very important ingredient of market
business, particularly for the food traders. Take away a car park for even a
few days and those customers who bring their cars to do their week’s shopping will
find alternative places to shop, perhaps permanently.
So why is an underground carpark being considered? Well, part of the current car park is required for an apartment development (which will help finance renewal) and a new road linking Franklin St. with Dudley St. It is
partly a space problem. According to our Lord Mayor a car park cannot be built
over the current car park because there are graves underneath. That doesn’t
leave much alternative space except perhaps for the southern end of the market
where apartment towers are being proposed or perhaps by acquiring nearby
properties. It is also partly aesthetics. There are some who want a green
parkland next to the sheds rather than a car park.
So what are the problems with going underground? Two
possible locations for an underground car park are under A, B, and C sheds or
under J, K, and L sheds. Firstly the cost is huge. One estimate put a figure of
$80 million on such a project. Secondly, building an underground car park is
incredibly disruptive. Basically, if overseas markets are a guide, you remove
the sheds on top, scoop out the area required, build your car park and
facilities, put a floor back over the top of the car park, and re-install the
sheds. That is a long, disruptive process.
What are the alternatives? Well, you could build an off-site,
but adjacent car park – perhaps even at the bottom of the new apartment towers
proposed for the southern end of the market. Secondly, you could build over part
of the current car park using shallow footings but go multi-level and still leave
space for a green area. Thirdly, if the proposed roadway across the current car
park is going to take away too much space then you could put that road
underground, and make it deep underground away from possible gravesites.
Are these alternatives feasible? We don’t know. We are not
city planners or engineers, but we do know when projects have great potential
for harming our businesses. At a recent meeting of 24 traders, participants were
asked if they felt an underground car park was a good idea. Around 20 said “N0!”. Recent comments on web forums suggest that many customers would find dingy underground car parks a real turn-off.
We would really love to hear counter arguments from the
planners who believe an underground car park is the preferred option.
Sounds of the Market - Barmy Kangaroo
You may have to be a bit of a cricket fan to appreciate this little clip but Guru Pete's version of a Barmy Army cricket fan song has a real Aussie flavour to it. This is early Saturday morning while Pete is doing the rounds handing out rubbish bags plus a dose of his usual cheeky humour. Not sure what the British fans would think.
COMMENTS:
30/11/2013 07:38:56 Barmy Kangaroo "He really does need a Tune-Up" JR Eshed
COMMENTS:
30/11/2013 07:38:56 Barmy Kangaroo "He really does need a Tune-Up" JR Eshed
Sunday, 17 November 2013
Latest Retail News – 17/11/2013
Latest Retail News – 17/11/2013
1. Australia Post franchisees launch action over low parcel handling fees.
2. Sydney Airport launches new luxury jewellery precinct.
3. Australia Post releases world first 15 second video stamp.
4. British supermarket giant, Tescos, launches entertainment areas for children while parents shop.
5. Australian Retailers Association predicts 3.3% sales growth this Christmas.
6. Myer reports flat sales in first quarter.
7. Amazon launches an Australian e-book and Kindle store.
8. Ebay launches in Indonesia.
9. Mirvac buys Sydney’s Harbourside Shopping Centre.
10. DFO Spencer St. rebranded as Spencer Outlet Centre with Harris Scarfe and Coles Supermarket.
11. Westpac Melbourne Institute Index of Consumer Sentiment increasing by 1.9 per cent from 108.3 in October to 110.3% in November.
12. Australians stole more than $1.7 billion worth of goods from retailers last financial year
13. Costco to open up 15 stores in France.
14. Starbucks ordered to pay nearly $3b compensation for botched deal with Kraft Foods.
15. Marks & Spencer plans to expand its operation in India.
16. Dick Smith to list on Australian share market.
17. Petbarn to link up with 100 clinic vet business in joint retail/vet operation.
18. Luxury retailer, Nordstrom’s, third quarter sales fell by 7%.
19. Walmart’s third quarter up by 2.9% but trims yearly profit forecast.
20. ASOS launches dedicated website for Chinese market.
New Market In Queensland
The Big Top Farmers Market is expected to open in Maroochydore in late 2014 with more than 100 market stallholders.
The markets will form one component of the $20 million redevelopment of the Big Top complex in the Maroochydore CBD, which on completion in October 2014 will comprises a 10,000sqm hybrid market anchored by an existing Woolworths supermarket. The site is owned by Reed Property Group.
The founder and operator of the successful Noosa Farmer’s Market (voted best market in Australia by Trip Advisor), Shane Stanley, has been appointed operator of the new market.
“It’s going to be really exciting and we’ve now got the ability to create a proper food hub for locals and visitors. The community have to have ownership of the markets so we’ll keep it authentic to reinforce the ‘farm gate to plate’ ethos which has been the hallmark of our business,” Stanley said.
The markets will form one component of the $20 million redevelopment of the Big Top complex in the Maroochydore CBD, which on completion in October 2014 will comprises a 10,000sqm hybrid market anchored by an existing Woolworths supermarket. The site is owned by Reed Property Group.
The founder and operator of the successful Noosa Farmer’s Market (voted best market in Australia by Trip Advisor), Shane Stanley, has been appointed operator of the new market.
“It’s going to be really exciting and we’ve now got the ability to create a proper food hub for locals and visitors. The community have to have ownership of the markets so we’ll keep it authentic to reinforce the ‘farm gate to plate’ ethos which has been the hallmark of our business,” Stanley said.
Car Park Hogs No.3
Well, we
had the Ferrari that took up two car parking spaces (thanks to Tony for the
photo), the Nissan that took up 4 car parking spaces (thanks to Terry for that
photo) and now the Minis that are probably the worst of all. You might think these
8 Minis are parked very neatly in their 8 car spaces but they are small enough
to go side by side, two to a car space, and therefore free up another 4 spaces
for our customers if they had really wanted to.Thanks to
Tony Pierrakos for the photo. Over to you Terry Lawn for the next episode in our
car park saga.
More Public Comments On Renewal
Following are some more extracts from the CoM website that
invites the public to comment on QVM renewal. You can make your own comment by
going to - http://participate.melbourne.vic.gov.au/projects/queenvictoriamarket/forum_topics/what-aspects-of-the-queen-victoria-market-do-you-think-should-be-protected
Adllara 08 Nov 2013, 10:06 Pm
As a single parent
with 4 kids, I go to the market to do my weekly shopping. The fear that this
whole 'renewal' thing will ruin a fresh and relatively inexpensive market is
worrying. All I can see is the councils desire to make it 'trendy' and what
follows that is expensive. Its a food and produce market, not a trendy coffee
place to relax on the weekend.
Market Trader 10 Nov 2013, 06:19
Pm
The core
ingredients for successful public markets are quality, value and personal
service. Value is closely related to the cost of doing business and the QVM
model does allow low cost retailing (some traders may disagree). That low cost
model must be retained if we are to avoid some of the disasters overseas where
“gentrification” has resulted in higher retailing costs as well as a loss of
“market feel”. There are aspects we can improve on. In 2013 it is difficult to
understand why most traders don’t have electricity. Running water would seem to
be an essential for Fruit & Vege traders but are expensive cooling facilities
really necessary?
Maybe we can add another ingredient to the quality, value, personal service trio and that is convenience. Modern living does make us time poor. A key objective may be to introduce easier ways for customers to find what they want, when they want it (more flexible trading hours) and then getting it home efficiently. This applies whether you are a local, interstate or even international shopper. One of the main attractions for online shopping is the convenience factor and modern public markets need to recognise convenience as a modern essential.
There are many aspects of 20th Century markets that remain attractive today, but choosing what needs to be added for modern living, without increasing costs (and prices) is now the challenge at QVM.
Maybe we can add another ingredient to the quality, value, personal service trio and that is convenience. Modern living does make us time poor. A key objective may be to introduce easier ways for customers to find what they want, when they want it (more flexible trading hours) and then getting it home efficiently. This applies whether you are a local, interstate or even international shopper. One of the main attractions for online shopping is the convenience factor and modern public markets need to recognise convenience as a modern essential.
There are many aspects of 20th Century markets that remain attractive today, but choosing what needs to be added for modern living, without increasing costs (and prices) is now the challenge at QVM.
BenK 03 Nov 2013, 02:45 Pm
I agree with what
most people have said so far in terms of making sure we keep the market viable
as a place to do "real" shopping. One of the things that I think
makes the market "real" in this sense is the variety of food you can
buy. By this I don't just mean different cheeses or different meats, but also
the different varieties of the same foods. If you want to the crispest of
tomatoes for a salad, you can buy those at the market. But if you want some
over-ripe tomatoes for a tomato sauce you can buy those too. I would hate for
the market to lose this "realness" and become only a seller of
"premium" foods.
I can see where Market Trader is coming from in terms of the need for car spaces, but I don't really agree with her/him. As a resident of the municipality I would like to see the Council do everything it can to encourage people to use public transport in order to reduce congestion and pollution within the municipality. There are four tram routes that go past the market and two nearby train stations, and anything you can fit into a market trolley you can take with you on the tram or train. Anyway, road congestion is only going to get worse as the city's population increases, so it may not be sustainable to rely on car traffic for the market's future viability.
As others have said, some later trading hours would be good.
Also, like others making comments, I think that the non-food section of the market needs looking at. As has been said, more variety would be good. I'd like to see some space given over to stalls for makers of quality designer crafts/clothes. There's a bit of a trend for pop-up shops these days and maybe the market can tap into this by having cheap, flexible space available for young crafty types to take a low-risk punt on setting up shop.
Lastly, I agree with kellyhertzog that the market revamp would be a great opportunity to green up the market, both in terms of having more green space and incorporating environmentally friendly infrastructure/programs.
I can see where Market Trader is coming from in terms of the need for car spaces, but I don't really agree with her/him. As a resident of the municipality I would like to see the Council do everything it can to encourage people to use public transport in order to reduce congestion and pollution within the municipality. There are four tram routes that go past the market and two nearby train stations, and anything you can fit into a market trolley you can take with you on the tram or train. Anyway, road congestion is only going to get worse as the city's population increases, so it may not be sustainable to rely on car traffic for the market's future viability.
As others have said, some later trading hours would be good.
Also, like others making comments, I think that the non-food section of the market needs looking at. As has been said, more variety would be good. I'd like to see some space given over to stalls for makers of quality designer crafts/clothes. There's a bit of a trend for pop-up shops these days and maybe the market can tap into this by having cheap, flexible space available for young crafty types to take a low-risk punt on setting up shop.
Lastly, I agree with kellyhertzog that the market revamp would be a great opportunity to green up the market, both in terms of having more green space and incorporating environmentally friendly infrastructure/programs.
Miriam Faine 12 Nov 2013, 10:28
Pm
My family's weekly
trip to the market contributes to our amenity in many ways as it does for other
Melbournians and I am concerned that to date we customers have had no input
into the plans for the market's future.
A really important thing about the market is that it is a profoundly democratic space, one of the declining number of public spaces where a whole range of very different people can not only mingle, but share a common purpose.
If the market is deteriorating, it is because its management has no understanding of or sympathy for what is the essence of a market - competition (low prices), choice and freshness. Since ?early 2000s food traders were permitted to purchase and trade licences. This has led to some traders buying out others, thus reducing competition and leading to price fixing across the market. Because fresh produce traders now own more than one stall, they operate on a large scale. Hence the pressure to install freezers and cool stores, increase trading days etc. Basically this will turn the market into a supermarket with little choice of vendor, food being stored on site and consequence loss of freshness (which the reason the market traditionally only operated some days).
All proposed changes will cost a fortune, so the trade off is to develop part of the market site for high rise and put the parking underground. But the current car park is sacred ground (over Melbourne's earliest cemetery) plus there are ideas for a grand plaza. So the plaza goes on the carpark, other land is promised to developers, and what is left of the market is 'upgraded' - reduced, refurbished and wrecked as a functioning food market. Mr Doyle thinks a 'win win' but I think a sad thing for the popular culture and heritage of Melbourne.
A really important thing about the market is that it is a profoundly democratic space, one of the declining number of public spaces where a whole range of very different people can not only mingle, but share a common purpose.
If the market is deteriorating, it is because its management has no understanding of or sympathy for what is the essence of a market - competition (low prices), choice and freshness. Since ?early 2000s food traders were permitted to purchase and trade licences. This has led to some traders buying out others, thus reducing competition and leading to price fixing across the market. Because fresh produce traders now own more than one stall, they operate on a large scale. Hence the pressure to install freezers and cool stores, increase trading days etc. Basically this will turn the market into a supermarket with little choice of vendor, food being stored on site and consequence loss of freshness (which the reason the market traditionally only operated some days).
All proposed changes will cost a fortune, so the trade off is to develop part of the market site for high rise and put the parking underground. But the current car park is sacred ground (over Melbourne's earliest cemetery) plus there are ideas for a grand plaza. So the plaza goes on the carpark, other land is promised to developers, and what is left of the market is 'upgraded' - reduced, refurbished and wrecked as a functioning food market. Mr Doyle thinks a 'win win' but I think a sad thing for the popular culture and heritage of Melbourne.
Andrew In NM 15 Nov 2013, 10:31
Pm
Please do not
forget the customers. As can be seen from the majority of comments here, it is
the customers who sustain the market. We do not want the interests of the more
wealthy food traders to obtain a monopoly or even a larger share of the market
than they already have. If that is allowed to happen we can all throw away our
trolleys and go to the supermarkets because that will be all that's left.
If we continue to play to the markets strengths (which are many and varied) it will succeed. It is unique, for it's locale, size, history and culture. Ensuring that it maintains and enhances these things is not difficult if our motives are transparent. I think some basic things would grow the patronage. Namely some more seating areas and more scope for art and music and perhaps this would encourage more people to eat at the market as well.
Increasing numbers will live near the market and if it caters to them it will thrive.
If we continue to play to the markets strengths (which are many and varied) it will succeed. It is unique, for it's locale, size, history and culture. Ensuring that it maintains and enhances these things is not difficult if our motives are transparent. I think some basic things would grow the patronage. Namely some more seating areas and more scope for art and music and perhaps this would encourage more people to eat at the market as well.
Increasing numbers will live near the market and if it caters to them it will thrive.
Lapchick 16 Nov 2013, 08:11 Am
Please do not
forget the residents! Please clean the streets surrounding the market area, in
particular, Cobden and O'Connell Streets. The market area is cleaned after the
market finishes, however a vast amount of rubbish, boxes and general waste is
strewn in our streets and is left in place for the weekend. Victoria St, close
to the market area, is also a huge mess during the weekend. Our visitors could
easily mistake the area for downtown Calcutta on market days and indeed on
other days. The cleaning companies should extend their area of operations.
Please think of the residents and also of the impression the litter makes on
tourists of all description. It is not just the market that needs cleaning, it
is our adjacent streets.
Retail Competition Now Comes From Many Directions
If
your competitor at the market introduces a new feature that is likely to pinch your customers you do something about it, right?
Let's
say you sell sports shoes and your competitor down the aisle has introduced a new
fluoro orange style that is coming past your stall in shopping bags at an
increasingly alarming rate. You make sure your next delivery has stock of
orange fluoros so you can get a piece of the action.
What
if your competitor is offering door to door delivery, or alternative payment
methods, or after hours ordering? And I can tell you, they are. These are not
necessarily your competitors down the aisle, but your competitors in the wider
shopping environment - the worldwide shopping centre.
It
would be nice if shopping only took place in our little cocoon at The Queen
Victoria Market. We could keep track of what our competitors are doing and
adjust our offer to maximise sales. But, thanks to the digital mobile age,
there is no cocoon. Shoppers have access to all our competition all of the
time. How often do you see customers wandering around with a mobile phone in
their hand? Many are using mobiles to check what is available from our
competitors. For those customers it is all part of the adventure.
The
good news is that we can also offer things like door to door delivery,
alternative payment methods, and after hours ordering. We can also check what
our worldwide competitors are doing and adjust our offer to suit. We can be
competitive in the worldwide shopping centre by using our low overhead
retailing model and our flexibility to trump the other competitors out there.
Friday, 15 November 2013
Traders Become Video Stars
The City of Melbourne has
sponsored a video about QVM and its upcoming renewal. Included in the video
were extracts of interviews with various traders. Ben, Luke, Herman, Greg,
Betty and Mino should all check it out.
Actually all traders and
friends of the market should watch the video. It is definitely has a PR
function but understanding some of the broad proposals made by politicians and senior
executives will be useful as we move forward with the renewal. There is a
significant emphasis on social engagement and entertainment at QVM which is
fine as long as we don’t lose sight of our core purpose – a place for retail
business.
Have Your Say – click here tocomment on this website OR click here to go to the CoM website and leave a
public comment.
Wednesday, 13 November 2013
Editorial - Making Mistakes At QVM
"You miss 100% of the shots you don't take" says a
famous adage and making mistakes is an accepted part of any worthwhile
undertaking. We shouldn't expect to get everything right first time,
particularly when breaking new ground, like in a major renewal project.
Creating an environment in which traders are encouraged to make
worthwhile contributions is a major emphasis for this renewal campaign.
Consultation and engagement opportunities have never been more prolific for
traders. Perhaps the biggest mistake we can make is seeing opportunities for
improvement but doing nothing about them. Passive mistakes are worse than
active mistakes. Active mistakes can be corrected. Passive mistakes just slip
into the depths to later re-surface and inhibit progress.
Thorough analysis of new ideas is an essential part of any major
project and criticism is inevitable. But offering criticism without offering
positive solutions, or at least contributing to the discussion, is cheap. Let's
be honest, we have plenty of traders who are willing to criticise or denigrate
efforts at improvement. The real challenge is to make contributions and offer
solutions. Not throw away lines like "Just bring back the customers we
used to have" but a real assessment of the incredible changes in retailing
and how a public retail market might prosper in the future.
Will there be mistakes? Of course there will. But this is a great
opportunity to influence our future and correct any mistakes we might make
along the way.
"People who don't take risks generally make about two big
mistakes a year. People who do take risks generally make about two big mistakes
a year." - Peter Drucker
Sunday, 10 November 2013
Trader News - Renewal Process Starts Quickly
Pop-up consultation posts have been in operation around the
market over this past week as a specialist consulting group hits the ground
running to capitalise on last week’s media coverage.
The first of 3 special Trader engagement meetings took place
on Thursday afternoon at the Multi-cultural centre in Elizabeth St. directly
across from the old market office. These meetings will involve up to 20 invited
traders who are split into groups to discuss various aspects of the market
including “What do traders love about the market?” “What needs to be retained,
and what needs to change?” and “What opportunities exist for the future?”.
This first session involved Deli Hall and Shop traders and
produced some very creative thinking. Traders seemed to enjoy the opportunity
to talk in more positive terms about the market and what it means to traders
and customers. The second meeting on Tuesday 12th November will involve Meat & Fish and Fruit & Vege traders. General Merchandise traders will hold their consultation session on Tuesday 19th. November.
Latest Retail News – 10/11/2013
Latest Retail News – 10/11/2013
1. UK’s Marks & Spencer and toy icon Hamley’s eyeing off retail opportunities in Australia.
2. National Shop Small campaign launched by American Express.
3. Aeon expands virtual stores on Hong Kong subways.
4. Retailers Associations and Federal Government work to address competition issues in supermarket retailing.
5. ABS says retail turnover in September up 2.9% over previous year.
6. Billabong sells its 92 store Canadian chain, West 49, to US competitor.
7. Ibisworld says online perfume and cosmetics sales growing strongly.
8. Sydney based macaroon maker, Mak-Mak, opens second store.
9. Hermes opens new watch boutique in Shanghai.
10. Freedom launches new merchandising approach based on rooms rather than products.
11. Tesco to introduce face-scanning into stores, targeting offer to gender and age.
12. Coles to link up with 26,000 recipes on major recipe site, Taste.com.au
13. Reserve Bank leaves cash rate unchanged.
14. ASIC launches new hub for small business legal advice.
15. Starbucks opens trendy tearoom concept in New York.
16. Original owner of Bras’n’Things buys back 50% share.
17. Former boss of ACCC says government should sell Australia Post.
18. Singles Day, a pop culture bachelor-life celebration in China to become major retail buying event. – 11th November.
1. UK’s Marks & Spencer and toy icon Hamley’s eyeing off retail opportunities in Australia.
2. National Shop Small campaign launched by American Express.
3. Aeon expands virtual stores on Hong Kong subways.
4. Retailers Associations and Federal Government work to address competition issues in supermarket retailing.
5. ABS says retail turnover in September up 2.9% over previous year.
6. Billabong sells its 92 store Canadian chain, West 49, to US competitor.
7. Ibisworld says online perfume and cosmetics sales growing strongly.
8. Sydney based macaroon maker, Mak-Mak, opens second store.
9. Hermes opens new watch boutique in Shanghai.
10. Freedom launches new merchandising approach based on rooms rather than products.
11. Tesco to introduce face-scanning into stores, targeting offer to gender and age.
12. Coles to link up with 26,000 recipes on major recipe site, Taste.com.au
13. Reserve Bank leaves cash rate unchanged.
14. ASIC launches new hub for small business legal advice.
15. Starbucks opens trendy tearoom concept in New York.
16. Original owner of Bras’n’Things buys back 50% share.
17. Former boss of ACCC says government should sell Australia Post.
18. Singles Day, a pop culture bachelor-life celebration in China to become major retail buying event. – 11th November.
Is Retail Dying?
Michael Pascoe wrote
an article in The Sydney Morning Herald this week (http://www.smh.com.au/business/comment-and-analysis/retail-sales-not-the-guide-they-used-to-be-20131104-2wwf4.html)
which identified why retail sales figures are no longer a good guide to
Australian consumer spending. And the reason is quite frightening.
Retail sales used to represent
55-60% of household consumption expenditure. Now it is only around 30% as
Australians spend more of their income on services. In 1960, food, clothing,
furnishings and household equipment represented 38% of household consumption.
Now they make up 18%. And food hasn’t escaped the decline. Food represented 18%
of expenditure in 1960 and now it is 10%. So what is taking all our money?
Rent, education, communication (mobiles), recreational and cultural services
took 10% of our spending in 1960, but now it is 18%. The Australian Bureau of
Statistics is actually thinking about re-classifying energy expenditure as
retail which will adjust the balance but that is just playing with figures.
The point is that
Australians are forced to spend more on things like energy and choosing to
spend on lots of other things as well. All this results in a change in buying patterns. Holidays, cars, mobiles, energy and
rent/mortgages are taking a larger slice of the pie. It would seem that this is
part of a trend that started slowly many years ago and then a little thing
called the GFC created a huge acceleration which clarified the change in
consumer buying patterns.
We have some traders
at QVM who have responded well to the new trends. Those who set up phone
accessory stalls are taking advantage of the huge spend on mobiles. Maybe there
are trading opportunities in products related to the holiday industry or energy
saving. In the meantime traders are competing with every other retailer in the
industry and we can do something about that by adopting a standard of
excellence that makes us more attractive to customers. But what about the new choices
that customers have embraced outside traditional retailing. Will the tide turn
back to buying “things” rather than services? Who knows? I sell model ships and
boats at the QVM. Can I convince my customer to buy a model yacht instead of taking an
overseas trip? Unlikely. Should I be selling yacht cruises up in the
Whitsundays? Maybe.
So much to think
about. Maybe I’ll just take a holiday - for business purposes of course.
Father and Son Duo Take On British Post
It is not often that a press release is made by a market trader. This came out on Wednesday 7th November.
'Victoria market stall
holders, Danny and Ariel Lewin, have decided to strike a blow for the
little guy in the international postage war and offer free delivery
anywhere in the world until Christmas.
“Australian
small business is really hurting from the British Australia Post deal,”
said Ariel Lewin, “and this is hurting Australian manufacturers,
retailers and wool growers. We decided to cop a bit of a hit on our
profits and take the fight right to them.”
Ariel is the younger Lewin in this father-son business that has operated out of Melbourne’s Victoria Markets for thirty years.
He
said that many Australians send quality Australian knitwear overseas
for Christmas but the postage rates from Australia are high by
international standards and this is hurting business.
He
has built up the online side of the business over the last year and is
shocked by the low postage imports flooding the market. “They pay no
freight and do not have to pay GST. How can we compete?” he asked.
Danny
Lewin emigrated from Argentina over thirty years ago and has built a
business selling Australian wool and possum fur products to a local and
international audience.
“International
visitors come to the market looking for something uniquely Australian
and these merino and possum products provide a high quality, good
looking export, that they are proud to take home,” Danny Lewin said.
For
more information about Danny’s Knitwear, this special offer or to
arrange interviews with Ariel Lewin, please contact Geoff Ebbs at the
Ebono Institute on 07 3103 3938 or geoff.ebbs@ebono.com.au'
Friday, 8 November 2013
Market Storage Box With Style
Well actually its just a coat of paint but we think this could be a prototype for a more stylish appearance for our humble storage boxes. Our traditional zinc finish storage boxes have been around for a long, long time but in the push to upgrade the appearance of our stalls, they are starting to look outdated. In fact many consider that the storage boxes diminish the attractiveness of our stalls and it is time to do something about their appearance.
We suspect this is a prototype and it certainly looks OK although the paint is not exactly high tech and on this box was already showing some wear and tear. There are a few boxes in the market that have received the paint treatment and in general the result is a significant improvement. Some boxes have been painted inside, as well as outside. Improving the inside appearance allows the box to be used for displaying stock and offers a number of advantages for stall holders. We will look for further developments with interest.
Have Your Say - click here
COMMENTS:
08/11/2013 23:13:52 boxes "Perhaps encourage stall holders to paint like the famous Brighton beach boxes."
We suspect this is a prototype and it certainly looks OK although the paint is not exactly high tech and on this box was already showing some wear and tear. There are a few boxes in the market that have received the paint treatment and in general the result is a significant improvement. Some boxes have been painted inside, as well as outside. Improving the inside appearance allows the box to be used for displaying stock and offers a number of advantages for stall holders. We will look for further developments with interest.
Have Your Say - click here
COMMENTS:
08/11/2013 23:13:52 boxes "Perhaps encourage stall holders to paint like the famous Brighton beach boxes."
More Public Comments On Renewal
CoM Website - Vicy 07 Nov 2013, 02:37 Pm
"Would like to see the following added to the Queen Vic market:
Currency exchange booth with adjacent ATM's in the middle of the general merchandise section (possibly between D and E shed).
More tables and chairs, all-weather umbrellas, trees and plants in containers in the alleyway beside the delicatessen arcade. Perhaps the fishmongers could be encouraged to sell oysters and prawns to be eaten under these umbrellas- as happens at Sydney's fish market. Have the this alleyway regularly cleared of crockery, rubbish etc. as is done in the food court. This eating area is crying out for a make-over.
Add at least one upmarket, quality Australian souvenir stall. There are many visitors to the Queen Vic who do not want to buy cheap "made in China" souvenirs.
Bring back the hire trolleys for shoppers use.
Extend the trading hours on Tuesdays and Thursdays - many overseas visitors are disappointed the market closes so early.
Melbourne Visitor shuttle bus deserves a better signed posted and more central stop at the market."
Currency exchange booth with adjacent ATM's in the middle of the general merchandise section (possibly between D and E shed).
More tables and chairs, all-weather umbrellas, trees and plants in containers in the alleyway beside the delicatessen arcade. Perhaps the fishmongers could be encouraged to sell oysters and prawns to be eaten under these umbrellas- as happens at Sydney's fish market. Have the this alleyway regularly cleared of crockery, rubbish etc. as is done in the food court. This eating area is crying out for a make-over.
Add at least one upmarket, quality Australian souvenir stall. There are many visitors to the Queen Vic who do not want to buy cheap "made in China" souvenirs.
Bring back the hire trolleys for shoppers use.
Extend the trading hours on Tuesdays and Thursdays - many overseas visitors are disappointed the market closes so early.
Melbourne Visitor shuttle bus deserves a better signed posted and more central stop at the market."
Light FM
6/11/2013
“Ken
is a bit disappointed that they are making changes to the Queen Victoria
Market. The $250 million revamp will see it with a new parkland and underground
car park, and will create tens of thousands of jobs, but just as it is, the
market is wonderful. The diversity is amazing: hoodies, shoes, sweat shirts in
one aisle – shoes, sweat shirts, hoodies in the next!!”
Gram
– Melbourne Food Culture Compiled – 6/11/2013
Mila Giganti, November 6, 2013:
“Yes, Great idea provided they keep the
ambiance ….and NOT to be transformed into another “shopping venue” : it is
UNIQUE and has SO MUCH CHARACTER….: the people, the products and all: A MUST
VISIT FOR TOURISTS AND RESIDENTS OF MELBOURNE ALIKE. Viva the Queen Victoria
Market!”
The Essence of Market Merchandising
Thursday, 7 November 2013
New CEO Appointed At QVM
Jan Cochrane-Harry has been appointed as QVM's new CEO.
Jan joined the market in August this year as a 'communication review' consultant and has worked closely with QVM Trader Representatives, groups of traders, and individual traders in the ensuing period.
In her formal introduction to traders back in September Jan said "My aim is to get in place strong and productive relationships and communications between staff and traders so that together we can strengthen the success of the market for all." Now that Jan has been appointed into a key senior role she will get the opportunity to achieve that aim. Needless to say, we wish her every success.
Wednesday, 6 November 2013
More Comments On QVM Renewal
The City of Melbourne website is generating more input from people interested in the QVM renewal project. Here are some recent comments -
Dandeegirl 04 Nov 2013, 10:23 Pm
I agree that the market should be
more sustainable. There is a large roof area to harness both solar power and
for water catchment. The idea of a park area within the market is great, a
place people can have some time out from their busy day. The redevelopment is
likely to be very disruptive (as was the recent redevelopment at dandenong) and
so thorough consultation with existing traders is imperative. When I shop I
like to go directly to what I need so I like the idea of like stalls being
co-located, which should also increase competition amongst the stall holders.
Finally, bring back the food vans. There are simply not enough for the size of
this market and they are a feature of our traditional markets. Shops just don't
work as well in the market environment. Food van areas at either end of the
market would be ideal. And with a revamp, communal waste facilities can be
installed to satisfy health requirements and waste water regulations. A trolley
system would also be good; nothing as large as a supermarket trolley though.
People buy more when it is easier to carry. I do believe car parking is
essential. I would not want to have to carry heavy bags on a crowded tram
(though I am in the outer se suburbs so wouldn't contemplate public transport
for such a trip anyway).
Akovacs 04 Nov 2013, 03:17 Pm
A few years ago the Market tested and
put on a few solar panels. With the dramatic reduction in solar panel cost
since then the market should be a symbol of sustainability for the future &
a profitable one at that. The design should incorporate a large photo voltaic
array and aim to meet a large proportion of the facilities energy consumption.
I look forward to seeing designs for the projects are there any concept plans
available to the public? A focus on reusing the water which falls on the site
would be an excellent design feature also.
BenK 03 Nov 2013, 02:45 Pm
I agree with what most people have
said so far in terms of making sure we keep the market viable as a place to do
"real" shopping. One of the things that I think makes the market
"real" in this sense is the variety of food you can buy. By this I
don't just mean different cheeses or different meats, but also the different
varieties of the same foods. If you want to the crispest of tomatoes for a
salad, you can buy those at the market. But if you want some over-ripe tomatoes
for a tomato sauce you can buy those too. I would hate for the market to lose
this "realness" and become only a seller of "premium"
foods.
I can see where Market Trader is coming from in terms of the need for car spaces, but I don't really agree with her/him. As a resident of the municipality I would like to see the Council do everything it can to encourage people to use public transport in order to reduce congestion and pollution within the municipality. There are four tram routes that go past the market and two nearby train stations, and anything you can fit into a market trolley you can take with you on the tram or train. Anyway, road congestion is only going to get worse as the city's population increases, so it may not be sustainable to rely on car traffic for the market's future viability.
As others have said, some later trading hours would be good.
Also, like others making comments, I think that the non-food section of the market needs looking at. As has been said, more variety would be good. I'd like to see some space given over to stalls for makers of quality designer crafts/clothes. There's a bit of a trend for pop-up shops these days and maybe the market can tap into this by having cheap, flexible space available for young crafty types to take a low-risk punt on setting up shop.
Lastly, I agree with kellyhertzog that the market revamp would be a great opportunity to green up the market, both in terms of having more green space and incorporating environmentally friendly infrastructure/programs.
I can see where Market Trader is coming from in terms of the need for car spaces, but I don't really agree with her/him. As a resident of the municipality I would like to see the Council do everything it can to encourage people to use public transport in order to reduce congestion and pollution within the municipality. There are four tram routes that go past the market and two nearby train stations, and anything you can fit into a market trolley you can take with you on the tram or train. Anyway, road congestion is only going to get worse as the city's population increases, so it may not be sustainable to rely on car traffic for the market's future viability.
As others have said, some later trading hours would be good.
Also, like others making comments, I think that the non-food section of the market needs looking at. As has been said, more variety would be good. I'd like to see some space given over to stalls for makers of quality designer crafts/clothes. There's a bit of a trend for pop-up shops these days and maybe the market can tap into this by having cheap, flexible space available for young crafty types to take a low-risk punt on setting up shop.
Lastly, I agree with kellyhertzog that the market revamp would be a great opportunity to green up the market, both in terms of having more green space and incorporating environmentally friendly infrastructure/programs.
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