Inside Retail

JANUARY 29, 2024

Australian retail sales increased minimally last December as more consumers opted to purchase on Black Friday in the prior month, reflecting cost of living pressures. ” Department store sales climbed 3.7 billion, followed by food sales which grew 1.4 ” Department store sales climbed 3.7

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Inside Retail

OCTOBER 29, 2023

Retail sales rose 2 per cent year on year to $35.87 The data prompted both the Australian Retailers Association (ARA) and the National Retail Association (NRA) to urge the Reserve Bank of Australia to keep the current interest rates to encourage more consumer spending. per cent to $5.5 per cent to $1.92

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Inside Retail

SEPTEMBER 27, 2023

Australian retail sales were up only 1.5 The growth was largely driven by sales from the cafes, restaurants, and takeaway industry, which rose 8 per cent, followed by food with a 3.5 per cent), while department stores dropped slightly by 0.6 Other retailing remained flat with only 0.1 per cent increase.

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Inside Retail

JULY 28, 2021

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.

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Inside Retail

JANUARY 8, 2024

Black Friday sales pushed Australian retail sales up by 2.2 billion, which Australian Retailers Association (ARA) CEO Paul Zahra said reflects how consumers prioritise essentials amid a cost-of-living crisis. Department stores inched 3.3 per cent as sales value hit $689 million. .

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Inside Retail

JUNE 28, 2022

Seasonally adjusted Australian retail sales grew in May by 10.4 Department stores saw the strongest growth at 5.1 Sales of household goods rose at 0.4 per cent while other retailing registered a 1.5 The post Inflation helps fuel strong Australian retail sales in May appeared first on Inside Retail.

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Inside Retail

MAY 10, 2023

For once, department stores are leading a retail sales recovery instead of lagging it. In Japan, the Ministry of Economy, Trade and Industry (METI) reports that retail sales in the first quarter amounted to 39,781 billion yen (about $434 billion at current exchange rates), up 6.5 per cent from a year ago.

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Inside Retail

FEBRUARY 27, 2023

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

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Inside Retail

MAY 22, 2022

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). trillion KRW ($2.1

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Inside Retail

MARCH 27, 2023

Spending in food-related industries grew steadily in February however non-food industry sectors yielded a mixed result as consumers refrained from making “discretionary” spending. per cent followed by food sales at 7.9 per cent, department stores at 7.7 Other retail spending grew by 3.2

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Inside Retail

NOVEMBER 19, 2024

At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others. By looking more closely at spending changes, retailers can gain a more vivid picture of what’s driving customer behaviours. Discount and variety stores also experienced 6 per cent higher spending.

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Inside Retail

SEPTEMBER 1, 2022

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

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Inside Retail

JANUARY 31, 2022

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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Inside Retail

JUNE 30, 2021

The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. Here, we chat with CEO of retail, Dato’ Joyce Yap, about the future of malls and how sector have evolved in the past year.

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Inside Retail

JANUARY 18, 2024

Retail sales in the US soared 0.6 per cent increase in November, according to the Commerce Department’s Census Bureau. On a year-on-year basis, US retail sales were up 5.6 On a year-on-year basis, US retail sales were up 5.6 For 2023, unadjusted retail sales increased 3.2 per cent and 5.7

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Inside Retail

FEBRUARY 20, 2022

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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Inside Retail

APRIL 20, 2021

Retail sales rose 1.4 Victoria and Western Australia led the rises, after Covid-19 lockdowns impacted retail sales in February 2021,” James said. Cafes, restaurants and takeaway foods led the preliminary increases, up 6 per cent, followed by clothing and department store retailing. Turnover rose 2.3

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Inside Retail

SEPTEMBER 6, 2022

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.

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Inside Retail

MAY 3, 2022

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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Inside Retail

NOVEMBER 8, 2022

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 per cent) and department stores (down 0.4 My tip is that retail sales figures in the next couple of months will start to reflect this. per cent bump.

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Inside Retail

NOVEMBER 27, 2022

Retail spending increased 12.5 per cent in October as consumers spent $35 billion both in-store and online according to new data from the Australian Bureau of Statistics (ABS). While year-on-year sales growth was strong, retail turnover fell by a marginal 0.2 per cent and household goods and food retailing at 5.9

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Inside Retail

SEPTEMBER 12, 2024

Sales results coming out of Japan in the past few weeks indicate that a high base-year comparison and a narrowing of the tourism effect are starting to have an adverse impact on growth. The bigger picture is that after sales growth in all of 2023 of 4.6 For large-scale home goods retailers sales growth was 1.6

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Inside Retail

MAY 3, 2023

Retail spending rose 5.4 per cent year-on-year in March as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). Cafes, restaurants and takeaway sales were up 17 per cent followed by food sales at 8.6 per cent, department store sales at 4.7

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Inside Retail

AUGUST 3, 2023

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year.

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Inside Retail

JULY 22, 2024

Its economic data analysis will include retail sales at its August meeting with speculation around another increase in interest rates. Retailers are praying for a most unlikely cut to interest rates or, at least, a hold on them at the August board meeting. per cent fall in seasonally adjusted sales. per cent and May 0.7

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Inside Retail

JULY 30, 2024

per cent, with sales hitting $5.68 Department stores came in second as its sales grew 4.2 Clothing, footwear, and accessories sales jumped 2.2 billion, the same growth rate for cafes, restaurants, and takeaway, with sales reaching $ 5.39 per cent to $ 1.89 billion, followed by food, which increased 3.1

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Inside Retail

AUGUST 27, 2023

Retail spending grew 2.1 per cent year-on-year in July as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). Food sales (up 4.9 per cent) and cafes, restaurants and takeaway sales (up 9 per cent) bolstered overall retail activity.

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Inside Retail

DECEMBER 29, 2022

Department stores and the foodservice sector drove “unprecedented” Boxing Day sales growth across Australia according to data from the Australian Retailers Association and Westpac DataX. per cent on 2021, with department-store sales of $149 million up by 23.6 billion – 8.6 billion – up 15.3

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Inside Retail

APRIL 18, 2023

Australian consumers forked out $8.1 million over the Easter trading period, according to Westpac DataX research, reported in conjunction with the Australian Retailers Association (ARA). This year’s Easter sales were driven by food retailing contributing $3.6 Sales from cafes, restaurants, and of takeaways rose 4.6

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Inside Retail

JUNE 28, 2023

million in stores and online with significant spending observed in food, up 6.1 Clothing, footwear, and accessories sales were up 4 per cent followed by department store sales at 3.4 Due to “cooler than average weather” and early promotional activity, “modest growth” was observed in other retailing at 2.2

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Inside Retail

MAY 25, 2023

Retail spending rose 4.2 per cent year-on-year in April as consumers spent more than $35.2 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). per cent followed by department store sales at 6.5 per cent and clothing, footwear and accessories sales at 4.9

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Inside Retail

OCTOBER 7, 2022

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 She said that consumers are already making cuts. Rising interest rates hits consumer and business confidence.

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Inside Retail

NOVEMBER 8, 2022

And it supplies to department stores, such as David Jones, Myer, Kmart and Big W. Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. per cent, year-on-year retail sales growth in August 2022.

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Inside Retail

OCTOBER 11, 2021

Retail chain results for the latest financial year indicate spectacular growth in online sales and, in many instances, a dip in the average sales per store. Myer online sales increased by 28 per cent, to $540 million, in FY21, accounting for 20 per cent of total group sales. billion in online sales.

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Inside Retail

MAY 17, 2023

per cent and retailer sales per square metre for the trailing 12 months were US$8,166, up 3.3 One of the key issues facing Simon and other mall operators is that they are still joined at the hip to department store anchors. And one of the remaining three, Neiman Marcus, is basically an upscale apparel department store.

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VMS

DECEMBER 28, 2021

The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”. percent in 2019.

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Inside Retail

JULY 28, 2022

Retail sales in June registered $34.2 Seasonally adjusted retail sales are still higher at 12 per cent year-on-year, although compared to may they were up by just 0.2 per cent, followed by clothing, footwear, and personal accessory retailing at 1.3 per cent, and other retailing at 0.5 per cent each.

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