Click here for a copy of the report released by the ANZ reporting 5% year on year growth for small business retailers in the twelve months to february. This same store retail sales data comparison is based on data harvested by the ANZ through a range of their transactional services.
Non retail businesses tracked 11.3% growth for the same person.
The retail figure of 5% is interesting since this is what ANZ will compare newsagents against. For years this didn’t happen because we were looked at as being protected. Now we are just like any retailers. This is good thing.
Newsagents need to know their year on year performance data. If it’s below 5% for the year to february 2012 you have to look at what you have and haven;t done to create your result and set about making changes immediately. This goes to the core of what I am discussing in the Newsagency of the Future series.