Australia’s independent retailers could see a nine per cent increase in shopper spending this week leading up to Father’s Day, according to data from leading retail software firm Vend. And, they’re also likely to see a seven per cent increase in spend this weekend alone, compared to an average shopping weekend.
Vend analysed retail spending and sales trends from the past two years to determine what Australian indies might expect this Father’s Day. Last year, spending increased by 10 per cent in the week leading up to Father’s Day, however overall trends in the data didn’t surface any major increases across the board, indicating that any boost in spending is likely to be similar to previous years.
“Retailers probably won’t see their best-ever sales results for Father’s Day this year. That’s not quite the retail environment we’re in right now,” said Dave Scheine, country manager for Australia at Vend.
“But we can see that Father’s Day consistently brings a decent lift for the majority of our retailers, and we expect that lift to happen again – especially for food and drink, and sports and outdoors stores. Which means dads around the nation can rest-easy, knowing they may receive something other than socks or a tie this Sunday.”
Retail stores that are tipped to see the biggest spending increases this week compared to an average week are speciality food and drink stores (including liquor stores) with a 17 per cent increase, and sports and outdoor stores with a 10 per cent increase. While florists and fashion retailers may see no increase, or even a slight decrease in spending.
According to Vend’s data, discounting levels also tend to be higher in the lead up to Father’s Day, and this trend looks to be increasing. Vend predicts that discounting levels this week will hit levels 8 per cent higher than an average week, as retailers aim to entice shoppers with deals for dad.
Predicted spending increases for the week leading up to Father’s Day, by store type:
Food and drink: +17 per cent
Sports and outdoor: +10 per cent
Home and lifestyle: +5 per cent
Salons and barbers: +3 per cent
Health and beauty: +1 per cent
Florists: 0 per cent
Fashion and apparel: -1 per cent
Tim Cecil, the great, great grandson of Henry Bucks, recently opened his own menswear boutique, Modern Classic in Fitzroy, using Vend to power his point-of-sale. His advice for shoppers on the hunt for last minute gifts for dads/step dads/grandfathers/husbands is to think beyond socks and polo shirts. Tim said that most Dads prefer to avoid novelty gifts and receive something more meaningful and reports their pens made from solid brass (under $150) have been popular this year. For something fun and different he suggests the toothpaste in a range of flavours that they have secured from Florence.