Apparel Online Bangladesh Magazine September Issue 2018 | Page 62

WORLD WRAP TO ADVERTISE GOING TO A GOOD EVENT? Contact Rani Mahendru +91-11-47390000 (512) [email protected] Send your industry gossip, photos and news to [email protected] Australia attracting global retailers as market continues to expand… Local players struggle for survival I n the last few years, Australia has attracted many international retail players, and growth in the market has remained steadily upwards. According to a recent market report by Deloitte – Global Powers of Retailing, Australia – retailers can expect further competition from global players this year. The report claims that as of now, 38 Top 250 global retailers are already operating in Australia and in 2017, new players outside of the Top 250 list also made into the Australian market. “Ongoing population growth, a strong tourism market and improving wages, are all set to ensure that the overall retail market continues to grow in 2018,” says David White, National Leader of Deloitte’s Retail, Wholesale & Distribution Group. Australia’s apparel and footwear industry continued to post positive retail value growth in 2017, albeit at a lower rate than that posted in 2016. Sportswear saw the strongest growth, driven by the athleisure trend, especially in womenswear, driving growth across several categories, such as women’s leggings, sports- inspired footwear, hosiery and women’s underwear. What is obvious is t