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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 per cent in March compared with the same month last year as the impact of Omicron on consumer shopping behaviour wore off. Month on month, sales were up 1.6 And the volume of retail sales reached a record $33.6 And the volume of retail sales reached a record $33.6

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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). During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H Total portfolio retail sales grew 1.5

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Amazon expands parcel pick up network to Western Australia

Inside Retail

The expansion of its pick up network comes after the surge of Australians having tried online shopping for the first time during the Covid-19 crisis, with the network now available at more than 750 locations across the country. According to the latest NAB Online Retail Sales Index, Australians spent $46.9

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October Retail Sales Enjoy Holiday Boost

VMS

Retail enjoyed a boost in sales in October as Americans began their holiday shopping early to avoid pandemic-related supply chain issues, reports the National Retail Federation (NRF). Overall retail sales were up 1.7 Overall retail sales were up 1.7 percent year over year. Census data.

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Spar sales soar in Australia as lockdown keeps customers local

Inside Retail

Netherlands-based supermarket chain Spar saw sales increase 7.4 per cent for the year to December 2020, hitting $62.5 per cent off the back of its proximity and neighborhood format, as communities increasingly shopped locally due to the onset of the Covid-19 pandemic. Sales in the wider Asia-Pacific region grew by 1.5

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March spending intentions surge amid Australia’s economic rebound

Inside Retail

The March rebound also reflected the increase in spending relative to the start of the COVID-19 period in March 2020. Despite stronger overall spending intentions compared to March 2020, spending intentions on retail slowed.

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Half of UK consumers back a return to VAT-free shopping for tourists to boost retail spend and visitor numbers, Retail Technology Show research reveals

Retail Focus

Despite the Government refusing to overturn the abolition of the duty-free shopping for tourists in the Spring Budget, now half (50%) of UK consumers want the scheme to be reinstated, according to the latest research from Retail Technology Show (RTS), the leading event that connects retail’s changemakers and leading tech innovators.

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