Holiday US retail sales stall

Much to the concern of US financial markets, the holiday sales were a big disappointment with consumers not spending as much as was hoped over the holiday period. In fact, the sales this year grew at the slowest pace since the country was in a recession which was 2008.

There are many reasons for Americans not spending but one of the main ones is the usual suspect which is economic uncertainty.

The country is approaching the deadline for the so called fiscal cliff which means that if a solution is not found then there will be massive budget cuts across all government departments and taxes will rise for a majority of Americans.

With a solution or agreement yet to be found, consumers are wary of splashing out incase they are faced with higher taxes in the coming year.

Retail sales this year grew 3 to 4 percent however last year it was 4 or 5 percent.

Australian retailers are also doing it though however the biggest threat to them is the online surge. Stores like Styletread are capturing consumers dollars by offering great prices, excellent conditions and an attractive Styletread coupon.


The Iconic attracting attention from the big players

Online fashion retailer, is only a year old but has attracted some big attention including an investment by JP Morgan of $19 million dollars.

The retailer bases itself in Sydney and has seen a meteoric rise in success over the past year due to a brilliant business model and marketing efforts. The company is described by it’s owners as a destination for fashion and footwear. They attribute much of their success to the goal of providing top notch customer service, free shipping and returns and often making available a The Iconic coupon code. The company was founded by Finn Haensel, Ryan Tuohy, Andreas Otto, Cameron Votan and Adam Jacobs, a bunch of guys that were working together at a consulting company called McKinsey and Boston.

The company started when a German based company called Rocket Internet, engaged them to start up The Iconic.


Queensland lagging on the technology front

Queensland has long labeled itself as the smart state however this is proving to not be the case when it actually comes to hard evidence.

Deloitte Technology’s list of the top 50 fast growing technology risers had only three Queensland based companies. This figure has been decreasing over the last 5 years and does not look like rising anytime soon.

The closest company to come in the Top 10 is the online surf retailer, SurfStitch. The company is owned by Lex Pederson and Justin Cameron and they came in 10th position. The company has performed astronomically over the past 12 months, growing 252 per cent. The company has achieved great sales due to a brilliant online business model and by often providing a SurfStitch coupon to lure the consumer. The company’s success has attracted the attention of Billabong, who purchase a minority stake in the business.

The goal for the state should be to push the Technology agenda further this year and try to regain some lost ground. If not, the status of the smart state is highly questionable.


Online shopping in Australia

Online shopping in Australia, as expected, is getting bigger and bigger. In fact, figures released today show that online sales in Australia has risen 23 percent year on year up to September. This figure is based on National Australia Bank’s monthly online retail index which is based on the bank’s transaction which are not cash related.

The NAB has said that the grown has picked up over the third quarter and continues to outperform the bricks and mortar stores.

Sales in brick and mortar stores are up 4 percent over the previous year.

In terms of percentage wise, online shopping makes up for 5.5 percent of retail sales as a whole. This figure excludes sales made at cafes, restaurants and other food outlets. 5.5 percent is still a relatively low figure compared to some other countries however it is expected to grow.

Some online stores such as Crazy Sales are big players in this market. Crazy Sales often offer a CrazySales coupon to entice shoppers to their store.


A little history on wine

Wine is a beverage which is usually alcoholic and is made from a fermentation process of fruit. The most popular fruit that is used to make wine is grapes because they ferment without requiring the creator to add sugars, enzymes or acids.

Yeast in the process will actually consume the sugar in the grapes and convert it to alcohol. The type of yeast within the grape will yield a different type of wine.

Wine has been around for thousands of years and was especially popular in ancient Greece.

Wine is usually made from a grape variety called Vitis Vinifera. In fact, any type of grape can be used however some produce better results than others.

Wine is often placed in a particular vintage, meaning the year that the grape was mostly grown. This means that the character of the win can vary year to year depending on the quality of the grapes that year.

Wine can be cheap or expensive depending on what and where you purchase it. You can often obtain Dan Murphys Promotional voucher to lower the cost of purchase.