GMO Buy a Business

WA Retailers Are Looking On The Bright Side

According to a recent survey conducted by the Commonwealth Bank, W.A retailers are looking through rose-coloured glasses for the year ahead!

 

The survey shows that one-third of W.A retailers expect an improved market in the 2017/17 financial year.

It’s been a rocky road for businesses in W.A of late, so this positive outlook is a great approach and an attitude that will hopefully bring success to the state in the near future!

33% of retailers have a positive view of the upcoming financial year, compared with 25% when the survey was conducted earlier this year.

12% of retailers expect conditions to decline, compared with 32% at the beginning of the year.

However, the majority of survey participants expect conditions to remain steady.

We think the 33% with a positive outlook have the right idea, and hope W. A’s market begins to rise in the coming financial year.