Retail rally tipped to flow on to liquor
Australians are starting to spend big again, with the sales of fridges and washing machines returning to healthy levels, and the news could not be better for Australia’s liquor industry.
It’s called the Harvey Norman test. When consumers start spending again on large whitegoods, it is a good indicator that there is a healthy pick-up in spending that will flow into other retail businesses – such as bottle shops.
So, according to consumer analyst company Nielsen, the bubbly should be popping at last week’s news that Harvey Norman is returning to sales growth in its core Australian business. Sydney Morning Herald – Read more…