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Early data suggests apparel, groceries drove December retail sales growth

Inside Retail

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

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Apparel retailer Accent Group forecasts $80 million earnings

Inside Retail

Apparel retailer 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 retail sales rose by 2.9 The group reported a 4.6

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Premier Retail expects to report lower global retail sales, EBIT

Inside Retail

Premier Retail, a division of Premier Investments, expects to report global retail sales of $1.6 The forecasted retail sales 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.

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Sharp improvement in retail sales as Omicron impact wanes

Inside Retail

The Omicron outbreak has failed to dampen retail sales 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 retail sales across the country in January and a 14.4-per-cent per cent, followed by apparel, up 8.5

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Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales 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

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Premier Investments’ retail sales rise as brands recover from Covid-19 impact

Inside Retail

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 retail sales 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

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Australian retail sales surged 7.5 per cent in January – ABS

Inside Retail

Australian retail sales 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