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Despite inflationary pressures and rising living costs, retail spending increased 1.7 per cent in December, according to the Mastercard SpendingPulse report, released by the Australian Retailers Association. Consumers spending on apparel rose by 6.7 Year-on-year sales were down for fuel and convenience at 4.1
Apparelretailer Accent Group the parent of Platypus and Hype DC, among other labels expects to achieve earnings of $80 million for the first half of the fiscal year. per cent increase in total owned sales, including wholesale. Like-for-like retailsales rose by 2.9 The group reported a 4.6
Premier Retail, a division of Premier Investments, expects to report global retailsales of $1.6 The forecasted retailsales represent a slight decline from $1.64 Aside from the Apparel Brands, Premier Retail’s brands also include Peter Alexander and Smiggle. billion in FY23.
The Omicron outbreak has failed to dampen retailsales despite initial concerns about foot traffic and staff constraints during the early part of January according to ARA CEO Paul Zahra. . per-cent year-on-year increase in retailsales across the country in January and a 14.4-per-cent per cent, followed by apparel, up 8.5
Australian retailsales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. per cent over the full year. . “But
Premier Investments achieved record sales for the full financial year as its businesses recovered from the impacts of the Covid-19 pandemic. The company booked retailsales of $1.64 per cent sales increase to $478.9 billion in FY23, up 9.7 per cent from the previous year. Earnings before interest and tax rose 1.5
Australian retailsales in January surged 7.5 per cent over December, reflecting a strong post-Christmas sale season. Ben Dorber, head of retail statistics with the Australian Bureau of Statistics (ABS), said January’s rise followed a 4 per cent month-on-month fall in December and 1.7 per cent year on year – and 1.9
Australian retailsales 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 retailsales reached a record $33.6 Apparelsales grew by just 0.5
He expects retailsales by volume will increase by an average of only 1.1 per cent for retail price growth. . The report found that the hospitality sector’s sales are increasing, benefiting from pent-up demand for social interaction. per cent from next year through to 2025 compared with 1.9
Our new Emporium store reflects this approach, with an expanded range of products and a dedicated footwear destination, allowing guests to experience firsthand how Lululemon apparel performs. IR: I love anything personalised; could you share details about the addition of the experiential retail element in-store?
South African-owned RetailApparel Group has reported strong performance and market gains in its latest results. For the year to March 27, the business’ Australian retail turnover rose 24 per cent compared to the previous year, contributing 15.8 per cent to group-wide retailsales. Australian sales rose to $628.4
Consumers attracted to value and convenience The year-on-year growth in general retail purchases has bucked recent trends. It’s also ahead of other retail areas like household goods (-2 per cent) and apparel (-2.5 It was a 20 per cent uplift in spending on online marketplaces that underpinned the growth in general retail.
retailsales dipped 1.3 The automotive sector was to blame for much of those losses as car sales dropped 3.7 Without auto sales, May numbers would be down 0.7 Despite the drop, May 2021 retailsales are still 28 percent higher than the same time last year. percent according to the U.S. Census Bureau.
million, benefitting from the “continued strength of retailsales” which led to improved cash collections, rental growth, and a higher percentage of rent. Further reading: Vicinity Centres to trial battery storage at two malls The post Retailsales recovery boosts Vicinity Centres’ bottom line appeared first on Inside Retail.
Retailsales in the US soared 0.6 On a year-on-year basis, US retailsales were up 5.6 On a year-on-year basis, US retailsales were up 5.6 For 2023, unadjusted retailsales increased 3.2 Food and grocery stores posted sales growth of 1.0 per cent increase. per cent in December.
retailsales dipped in July after hitting their highest level in nearly three years in June, reports Reuters. The Confederation of British Industry defied economists’ expectations that sales would drop more drastically this month. RetailSales Down Slightly in July appeared first on Visual Merchandising and Store Design.
The e-commerce giant has seen its market share erode in apparel as Shein and Temu quickly expanded in international markets with US$12 dresses and US$10 gadgets. Amazon on Thursday reported a 7 per cent improvement in retailsales in the third quarter. In the second quarter, its retailsales had risen 5 per cent.
New ABS data has revealed a third consecutive quarter of declining retailsales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retailsales, which have been trending up for much of this year.
So the outlook from a retailer standpoint is somewhat muted. Uniqlos momentum carries over into 2025 METI doesnt report on sales at apparel specialty stores but Fast Retailing provides a good indicator with monthly sales reports for its 786 physical Uniqlo stores in Japan and its e-commerce business.
With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retailsales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent to $51 billion.
Sustained levels of retailsales delivered a “robust” third quarter for shopping mall operator Vicinity Centres. For the three months to March 31, sales in stores across the company’s portfolio rose by 13 per cent year on year and strong tenant demand drove an increase in leasing deals. per cent increase.
Analysts suggest that while a cut seems probable in the first quarter of next year (hopefully before Easter anyway), it’s uncertain how quickly any rate reduction will trickle down to impact retailsales. Retailers will need to adapt by promoting products that resonate with consumers seeking value. points in September.
per cent, followed by food and grocery retailing, up by a more modest 7.6 Spending on apparel and accessories surged 19.8 The data shows that despite a year of increasing living costs, Australian retailsales have remained strong over the holiday period, improving on last year,” said Jade Clarke, head of Westpac DataX.
And according to ABS data, retailsales surged nearly 10 per cent in April, with the apparel sector reporting a 14.7 The loss may come as a surprise to investors given the company posted a profit over the first half despite four months of lockdowns during the period. . per cent increase. Data for May is not yet available. .
That has knocked retailsales, which are under pressure even as major vendors like Alibaba and JD.com dole out promotions and discounts. JD.com on Thursday also missed estimates for quarterly revenue.
per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retailsales were up 19.2 With the Reserve Bank of Australia (RBA) increasing interest rates for six straight months – most recently, a 0.25
Established as a denim brand in Italy in 1981, Replay sells a comprehensive range of apparel, accessories and footwear for men, women and children under the Replay, Replay & Sons and We Are Replay brands. PAS Group is also exploring wholesale distribution of the brand through the likes of David Jones and independent menswear retailers.
With shoppers often buying sweets, custom-made apparel, accessories and jewellery, White Day offers e-commerce platforms a huge opportunity to fulfil consumers’ needs. The post Here’s an in-depth look at the major retailsales events in Southeast Asia appeared first on Inside Retail.
According to the company, Thailands retailsales increased by 8.9 Product development is frantic Currently, of the total portfolio of 158 units, 59 are in the Bangkok metro area and the rest are sprinkled liberally over the national map in strategically favorable locations. per cent in the first 9 months of 2024, on top of 11.7
Retailsales increased by 1.3 Retailsales are still well ahead by 16.5 Gordon Brothers expects mid-sized retailers will be hit first, creating mergers and acquisitions opportunities for larger organisations. Considerations for retailers. Overall consumer confidence also remains in deeply negative territory.
‘Muted’ Golden Quarter fashion sales were buoyed by a Black Friday boost to order volumes, while fashion revenues rose +6% compared to 2022 in December, the latest data from True Fit, the leading AI platform that decodes size and fit for consumers and apparel and footwear retailers.
Donahoe claimed that new products in the basketball footwear and apparel segment of the business had already snatched two percentage points of the basketball market share in the US. According to the China National Statistics Office, retailsales of all consumer goods through the first five months of the year have grown by 4.1
The tradition of gift-giving at Christmas drives billions of dollars in retailsales every year. According to a 2022 report by US online marketplace ThredUp, the secondhand apparel market is expected to grow three times faster than the global apparel market overall. In Australia alone, consumers are expected to spend $63.9
For the year to July 2, the total sales grew 24 per cent to $1.57 Online sales achieved $260.5 per cent of total retailsales while like-for-like sales for the year grew 10.2 Strong sales were achieved across all major banners including Platypus, Hype DC, Vans, Skechers, The Athlete’s Foot and Dr Martens.
Indeed, many retailers will happily say goodbye to 2024, a period when high inflation and interest rates remained persistent and an ongoing cost-of-living crisis crushed consumer sentiment to its lowest in 45 years, all of which resulted in anaemic national year-on-year retailsales growth. How did they adapt?
Since its launch, the brand has generated more than US$700 million in annual sales across categories such as women’s apparel, men’s tuxedos, fine jewellery, fragrance, and home products. The company’s portfolio generates over $7 billion in annual global retailsales across fashion, sports, and hard goods.
A surge in early shopping got retailers off to a strong start this holiday season, spurring 8.5 Notably, online sales jumped 11 percent compared to the same period last year. The study – which excluded automotive sales – measured in-store and online retailsales across all forms of payment. percent in 2020 and 14.6
per cent and retailersales per square metre for the trailing 12 months were US$8,166, up 3.3 And one of the remaining three, Neiman Marcus, is basically an upscale apparel department store. Operating stats also improve Occupancy at Simon’s domestic properties stands at 94.4 per cent from the preceding 12-month period.
per cent on apparel, and by 9.7 per cent on retail services for the 12 months to March, 2023. per cent increase in retailsales this year – driven largely by hospitality spending – the Australian Retailer Association CEO Paul Zahra cautioned an incoming slowdown in sales, due in part to the “lag effect.”
Top 10 fastest growing retailers Amid the dynamic and competitive retail landscape in 2022, ‘GoTo Gojek Tokopedia PT’ and Singapore’s ‘Sea Ltd’ emerged as standout performers, achieving retailsales growth rates of 44 per cent and 43 per cent, respectively.
adjusted retailsales. retailer in 2022.”. A few things driving Amazon’s top-line growth, also according to JP Morgan, includes grocery and apparel as well as third-party seller sales. Retailer appeared first on Visual Merchandising and Store Design. e-commerce and U.S.
per cent and apparel by 0.8 per cent improvement and other general retailing – including books, cosmetics and recreational goods – by 1.7 per cent increase in retailsales, Tasmania up by 0.7 Hospitality spending is predicted to fall by 4.2 per cent, household goods by 3.2 By state, SA and ACT are expected to record a 1.2
So with Carrefour’s distress as a background, it was refreshing to hear retail executives, one after another, when presenting to the investment community during the second half of this year, say that business in China was mending and for some booming. To back it up, retailsales in China rose sharply in November, by 10.1
For example, Shinsegae’s net department store sales were a little more than a third of the value of all its department store transactions.). Shinsegae, which had first-quarter net sales in its department stores of 585 billion KRW, performed particularly strongly and outpaced the sector as a whole. What’s driving the surge?
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