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Our Flexi Kids Want to come & play in Your Store!
By Rax & Dollies
July 21, 2011

Our flexi kid mannequins are ready to come and play in your retail store! With choices between budget flexi kids with heads, to our premium flexi kids with wooden neckblocks, there's a cute little kid thats right for the front window of your store!

You can learn more about our flexi kid mannequins here.

 

Our soft flexi kid mannequins want to come and play in your store!

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We have moved!

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After a weekend of trucks and carrying mannequins up and down flights of stairs, we are now settling in to our new showroom at 222 Crown St, Darlinghurst NSW 2010!

As always, the showroom is open by appointment and we look forward to serving customers at our new location, which is situated very close to the Oxford St shopping strip.

Our updated contact details can be found here

 

We're moving!

Rax & Dollies is moving soon!
By Rax & Dollies
June 16, 2011

We'll be moving in the next few weeks to a larger 2 storey showroom just a kilometre or so down the road at 222 Crown St, Darlinghurst! We'll release details on new phone numbers etc in the next few days. In the meantime, we'll still be operating out of our Surry Hills showroom, please contact us if you'd like to make an appointment to visit!

Retail sales expected to pick up after horror year: Access Economics

Retail sales are expected to grow by just 1.3% for the year to June 30, the worst annual result in two decades, but Deloitte Access Economics says there is light at the end of the tunnel.

Its retail forecasts for May show Deloitte Access Economics expects jobs growth, wage gains and a levelling out of household savings to drive retail growth in the years ahead. It tips sales growth to increase by 2.2% in the 2012 fiscal year, and 3.3% the year after.

"We think retail sales will pick up," Deloitte Access Economics partner David Rumbens told SmartCompany this morning.

"The view is the Australian economy will rebound strongly after a dip in the March quarter. We're getting very high prices for our exports and there is some good support there for economic growth going forward so it's not just confined to the resources sector."

Rumbens adds that the 2011 fiscal-year growth of just 1.3% was worse than he had expected, and driven by slow jobs growth over the past five months, falling prices and the summer's natural disasters.

"We did think it would be a tough period, but it has been tougher than we thought," Rumbens told SmartCompany.

"It's not due to lack of income growth. People are more cautious and saving more. The high Aussie dollar also hasn't really generated an increase in spending."

Tasmania was hit hardest, with its sales growth declining by almost 4% over the year. Western Australia recorded the biggest sales growth of about 3.5% while the other states and territories recorded only modest retail sales growth.

The national clothing sector was hit particularly hard. The report stated clothing was in strife, with lower prices doing nothing to help sales. Volumes of sales from clothing retailers went up just 0.3% in the last year.

Rumbens forecasts more Australian retailers to start forming an online presence.

"Consumers are buying more online and sourcing information online before purchasing," he says.

"A lot of Australian retailers have bitten the bullet and now do online sales. In a way they've been forced by foreign competition and we expect more to follow."

And while the Reserve Bank kept rates steady yesterday, Rumbens says the sector can expect a lift in the official rate within months.

"We are factoring in further interest rate rises throughout the course of this year. We predict it will have a dampening effect along with increased house prices."

One retailer hoping to capitalise on the upturn in sales growth is Zara. The Spanish retailer is opening its first Melbourne store in Bourke Street Mall next week, with about 130 staff on its roster.

  

Consumer spending plummets

Consumer spending plummets
Posted Date: 08/06/2011
By Colin Brinsden, AAP economics correspondent

Consumer spending looks set to record its worst performance in two decades as Australians continue to pay off debt, an independent economic forecaster says.

But Deloitte Access Economics is expecting retail spending to perk up over the next two years, buoyed by a resources boom that will lift employment further and underpin wages growth.

In its latest Retail Forecasts report, it expects real - or inflation adjusted - retail sales to have grown just 1.3 per cent in the current financial year, the worst result in 20 years.

"Retail sales are weak at present, but it's not all necessarily bad news looking forward," Deloitte Access Economics partner David Rumbens said, releasing the report on Wednesday.

"Australia is, after all, in the midst of an unprecedented resources boom and there will be a range of dividends from that - jobs, wage growth, profits and government revenues."

He expects retail spending to grow by 2.2 per cent in 2011/12 and by 3.3 per cent in 2012/13.

Still, the retail sector, having stumbled through 2010, has been hit by further headwinds at the start of 2011, which has cemented households' inclination to save rather than spend.

Jobs growth, the backbone of retail spending, has shown some cracks in the early stages of 2011, slowing to an average 5000 people a month.

At the same time, housing prices are falling as consumers anticipate more interest rate rises ahead, while the spate of natural disasters this summer has reinforced a more sombre mood.

"While jobs growth has been more modest of late, it remains true that income growth in Australia continues at a good rate, but willingness to spend that income is lacklustre," Rumbens said.

Australia's savings rate - which went from negative in 2005 to a rate of 2.3 per cent before the global financial crisis - averaged 9.4 per cent over 2010 and increased to 11.5 per cent in the March quarter of 2011.

Rumbens said raising household savings is not just a local phenomenon and is occurring across other developed countries, such as the US and UK, as well.

However, it is more pronounced in Australia.

"In part it is the strength of the economic recovery in Australia which has provided many consumers with the ability to save - it's tough to save money when you don't have a job," he said.

"In part it's the high level of household debt Australians held prior to the GFC which has scared people and is encouraging them to make inroads into that debt."

The risk of higher interest rates is adding to the cautious mood.

And Rumbens said there was little for retailers to get excited about in this year's federal budget.

"This is the first budget in eight years which hasn't delivered a personal income tax cut," he said.

"While that is indeed responsible, a tax cut to boost disposable incomes had become part of the landscape for retailers."

©2011AAP

Keywords: consumer, shopping

Retail Rolling Garment Rack Options

Rax & Dollies offer 2 in stock retail wheelie rack options for your retail store.

Choose from our basic option - the Swift Rolling Garment Retail Display Rack or upgrade to our deluxe version of the retailers favourite - Rax & Dollies Deluxe Wheelie Rack With Locking Wheels

Our wheelie racks are multipurpose racks which function as front of store rack, sale rack, a handy rack to transport garments from storeroom or loading dock to store, as well as the function it was originally designed for - the travelling salesperson.

Both options are competitively priced, and we welcome enquiries on bulk pricing. Contact us to discuss bulk pricing.

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