“Focus on offering a seamless buyer shopping experience, from the presentation of your retailer, web site and mobile interaction. Continue to evaluate your value of doing enterprise and review the choices available for funds, utilities and lease, and where wanted, get assist out of your network,” he advised. Webb mentioned many Showcase members who targeted on customized design and manufacture, and specialize in nice jewellery, are performing very well. “The Australian retail sector was already struggling earlier than COVID-19; 2020 noticed the collapse of some iconic Australian retailers. The anticipated drop in consumer spending, particularly in discretionary classes, will put further stress on the sector,” the report’s authors wrote.

Group members access advertising and enterprise methods and help, sophisticated ordering platforms, access to unique merchandise, and much more. Until each of those components are resolved, the quick to medium-term future prosperity of the natural diamond trade will stay challenged. The …