The Australian Retailers Association (ARA) and the National Retail Association (NRA) are calling on political leaders to adopt a growth-focused, forwarded-thinking approach to the retail sector, highlighting the 18 per cent contribution it makes to overall Gross Domestic Product and the one in ten Australians it employs.
The key priorities both peak bodies are chasing include strengthening consumer and business confidence, driving productivity through flexible policies and training, and tackling crime, cybersecurity and sustainability.
“We can’t have an economic recovery without a retail recovery,” ARA chief industry affairs officer Fleur Brown said. “We urge political leaders to adopt policies that will strengthen consumer and business confidence, lower costs, and align national policies to ensure sustainable economic growth.
“With ongoing challenges from global disruptions and domestic economic pressures, it is essential that Australia’s retail sector operates in a predictable and supportive environment.
According to Brown, the retail sector contributes $430 billion to the Australian economy and employs 1.4 million people.
“To remain competitive, we need a future-ready workforce,” she said. “The ARA is advocating for policies that drive productivity and address current skill shortages. This includes supporting vocational training programs and expanding flexible work policies.
“We also need to collaborate on solutions that provide better outcomes for both retailers and the broader community. These include reducing retail crime, enhancing cybersecurity and accelerating the transition to a low-carbon economy. “
NRA interim CEO Lindsay Carroll said retailers are looking forward to working with governments to deliver policies that help retailers bounce back from a rough couple of years.
“By growing Australia’s retail industry, we create jobs, attract investment, and strengthen the communities where we live and work,” Carroll said.
“The NRA will support regulation that curbs retail crime, encourages investment, and supports a diverse and flexible retail workforce.
“As we approach the next federal election, it’s crucial that policies foster growth, reduce red tape, and provide the tools small retailers need to thrive in a competitive marketplace.”
In a key example, Carroll said the NRA is calling for additional investment to combat cybercrime, adding that this costs small to medium businesses between $39,000 and $88,000 per year. She added that Australia must also invest in resource recovery and circular economy principles.
“The NRA is committed to working with governments to deliver policies that empower retailers, support job creation, and promote a safer, more resilient retail environment for all Australians.”