Do these strong performers belong in an SMSF?

Financial journalist and commentator on 3AW and Sky Business
Print This Post A A A

The difficulties just seem to keep mounting for Australian retailers.

There is the high Australian dollar, which is seeing business sucked offshore by overseas websites. Research firm IBISWorld expects Australian online shopping turnover to grow by 5.1% a year over the next five years (some of it on Australian websites), although this is coming off a low base: NAB estimates that online retail represents only 5% of the local industry’s total business.

There is the high cost of doing business in Australia, including some of the highest rents in the world – Westfield’s Pitt Street Mall in Sydney CBD is ranked as the second most-expensive retail location in the world – and some of the steepest staff costs in the world, especially on weekends and public holidays.

Also from this edition