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Christmas retail sales dip behind Black Friday boom

Inside Retail

Retail turnover fell 4.4 per cent in December last year according to the Retail Trade figures released by the Australian Bureau of Statistics today. Despite the fall, spending on retail goods remains heightened compared to December 2020 for all retail industries except for department stores which is down by 9.0

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Retail sales slip in March quarter: ABS

Inside Retail

Retail sales fell 0.5 On a month-by-month basis, sales rose 1.3 Online sales made up 9.4 per cent of monthly sales during the period, compared to 7.1 The data follows last week’s NAB Online Retail Sales Index, which found that online sales fell 0.5 per cent in March following a 0.8

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Retail sales recover in April, but recovery remains uneven

Inside Retail

After retail sales slipped in March due to a continued return toward ‘normal’ trading, monthly turnover recovered slightly in April 2021, rising 1.1 The end of JobKeeper did have many retailers concerned, but the early signs are that the Australian economy continues to charter a strong recovery.”. per cent after the 0.5

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Retail sales surge 9.4 per cent – but good times ‘could be short lived’

Inside Retail

Australian retail sales surged 9.4 Month on month, sales were up 1.6 March saw the highest growth rate since April last year when sales surged 24 per cent against April 2020 when lockdowns devastated the retail trade. And the volume of retail sales reached a record $33.6 per cent), NSW (1.8

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Inflation, not volume, will drive retail sales growth until 2025 – report

Inside Retail

The quarterly Deloitte Access Economics’ Retail Forecasts finds that – based on trend analysis – real retail spending during the quarter to March 31 ran 6.2 per cent ahead of what might have been expected had Covid-19 not disrupted markets from early 2020. He expects retail sales by volume will increase by an average of only 1.1

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Retail’s sales bump likely to trail off if wages stay low: NAB

Inside Retail

The normalisation of retail sales continued through April, according to NAB’s Cashless Retail Sales Index, with the department store and household good sectors falling from their pandemic highs. per cent for cashless retail spending in April, NAB found, while month-on-month it grew 3.4 Year-on-year growth hit 23.4

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Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

per cent as of June 30 last year and 98 per cent at the peak of the pandemic (December 2020). Total portfolio retail sales grew 1.5 per cent, largely driven by food, sporting goods, cosmetics, and retail services. “In Vicinity Centres reported an occupancy rate of 99.1 Statutory net profit after tax rose to $223.5