Inside Retail

JULY 3, 2024

Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. Australian Bureau of Statistics (ABS) data showed that retail sales totaled $35.94 Food retail sales grew 3.0 billion during the month. per cent.

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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 Other retailing remained flat with only 0.1 per cent year over year to $35.4 per cent increase. per cent in August. per cent growth.

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Inside Retail

SEPTEMBER 30, 2024

Despite retail sales growing in August, businesses are still urging the Reserve Bank of Australia to cut interest rates to help the sector thrive through the holiday season. According to the Australian Bureau of Statistics (ABS), retail turnover increased 3.1 per cent with sales amounting to $5.75 Food sales grew 3.8

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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

FEBRUARY 28, 2024

Australian retail sales inched higher in January, with food-related spending leading the growth. Australian Bureau of Statistics data showed that January retail sales rose 1.1 ‘Other’ retailing sales climbed 2.8 Cafes, restaurants, and takeaway sales grew 2.5 per cent to $5.38

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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

JUNE 28, 2022

Seasonally adjusted Australian retail sales grew in May by 10.4 Sales of household goods rose at 0.4 per cent while other retailing registered a 1.5 “The high sales volumes can be partially attributed to the higher consumer prices we’re seeing across the economy, particularly in the food industries.

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Inside Retail

FEBRUARY 11, 2025

If youre a chocolatier or customer on Valentines Day and other seasonal events though, you might have been paying attention. It all adds up to a nasty bite to the pocketbook of consumers everywhere who are looking to shower one of the worlds favourite romantic gifts on their loved ones. Sales for drugstores increased by 6.9

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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

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 Other retail spending grew by 3.2 per cent while sales of household goods fell by 2.3

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Inside Retail

JUNE 19, 2022

Retailers face challenges of consumers shifting toward value purchases, squeezed margins and rising business costs. He expects retail sales by volume will increase by an average of only 1.1 per cent for retail price growth. . Those sectors, predicts Deloitte, will drive double-digit sales growth 5.5

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Inside Retail

OCTOBER 28, 2024

The company has posted a sales increase of 11.3 The odd one out Last week, LVMH reported a 3 per cent fall in sales for the third quarter, which the company attributed to China’s weak consumer confidence. Its rival Kering Group, also saw sales dipping 15 per cent to €3.79 Meanwhile, European sales climbed 15.9

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Inside Retail

APRIL 24, 2024

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retail sales rose by 4.7 per cent in the first quarter, with consumer goods up 3.1 The online share of total retail sales is now 23 per cent.

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Inside Retail

JANUARY 8, 2025

More and more Australian consumers are relying primarily on mobile wallets , which are on track to replace bank cards within seven years. Reserve Bank of Australia data shows payments using mobile wallets accounted for 11 per cent of retail sales in 2020, surging to 35 per cent in three years later, in 2023.

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Inside Retail

NOVEMBER 13, 2024

Under IMG’s leadership since 2005, AFW has elevated resort collections, showcased Indigenous designers and initiated a consumer-integrated model. The emergence of consumer-facing fashion events including PayPal Melbourne Fashion Festival and Melbourne Fashion Week has led some to question the relevance of a closed industry-only event.

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Inside Retail

FEBRUARY 27, 2025

per cent to $298 million while sales slid 0.7 Retail sales declined 1.5 billion, attributed to subdued consumer spending and an estimated $40 million to $50 million loss from the industrial action of Woolworths workers. On the other hand, hotel sales increased 3.3 On the other hand, hotel sales increased 3.3

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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 Clothing, footwear and personal accessories sales were up 32.8

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Inside Retail

SEPTEMBER 25, 2021

The current Covid-accelerated e-commerce era has pitched Australian retailers in direct competition with each other not only within Australia, but with suppliers from all around the world. According to the NAB Online Retail Sales Index, Australians spent $48.1 per cent of the total retail trade estimate and about 38.4

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Inside Retail

AUGUST 29, 2022

Australian retail sales reached a record high in the last three months of 2021. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales. The only industry to see a decline was food retailing, which fell by 1.6 per cent. per cent. . per cent and 10.2

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Retail Focus

MARCH 29, 2022

Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. . Three of six key trends identified in ASCG’s latest eBook research include: 1) Spread the cost.

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Inside Retail

JULY 10, 2024

Hong Kong retail sales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.

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Inside Retail

JULY 18, 2024

Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. There is no practical limit to the number of sales events AI can ingest and process.

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Inside Retail

JANUARY 28, 2025

With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. The growth rate slowed for all other age groups.

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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 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 per cent and clothing, footwear and accessories sales at 3.6 per cent year-on-year.

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Inside Retail

MARCH 10, 2025

Add to that a natural increase (births minus deaths) of just over 200,000 over the same period and you have a material population gain to support retail sales growth. Even as immigration slows under political pressure to reduce numbers, retail industry professionals have reason to remain optimistic.

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Retail Bound

JANUARY 21, 2025

For product startups, partnering with a retail sales agency often feels like a natural step. These agencies bring expertise, established relationships, and credibility to help your brand penetrate retail markets. Sometimes, the very agency you trusted to drive your retail success may start holding your business back.

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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

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. In other words, pessimists outweigh optimists.”. she said. “Not

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Inside Retail

MARCH 3, 2025

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 retail sales growth. How did they adapt?

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Inside Retail

JULY 14, 2021

The eroding effect of lockdown is likely to hit retail sales, according to research by NAB which predicts cashless retail sales to fall 1.1 Consumer sentiment has managed to stay relatively flat across the country, though this is due to steep declines in certain states and sharp spikes in others.

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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

AUGUST 27, 2023

Retail spending grew 2.1 per cent year-on-year in July as consumers spent more than $35.3 Food sales (up 4.9 per cent) and cafes, restaurants and takeaway sales (up 9 per cent) bolstered overall retail activity. per cent followed by clothing, footwear and accessories sales down 0.3

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Inside Retail

SEPTEMBER 26, 2024

Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. “Many consumers have told us that they are losing trust in the sale price claims by supermarkets,” said Mick Keogh, ACCC deputy chair.

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Inside Retail

NOVEMBER 9, 2022

Black Friday and Cyber Monday sale events have turbo-charged Christmas trading, with the month of November overtaking December in total retail sales for each of the past three years. Retailers are hoping for more Christmas cheer this year from Black Friday on 25 November and the Cyber Monday promotion three days later.

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Inside Retail

NOVEMBER 5, 2024

This ‘entire cucumber’ salad took over TikTok and subsequently legacy media’s online cooking publications – it wasn’t just Moffitt’s videos finding virality but also other TikTok creators who attempted to recreate or spin off the cucumber recipes.

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Inside Retail

JULY 22, 2024

The Reserve Bank of Australia and retailers will be staring each other down in the weeks ahead. Its economic data analysis will include retail sales at its August meeting with speculation around another increase in interest rates. The most recent March 2024 quarter sales actually returned to negative territory with a 0.3

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Inside Retail

MARCH 13, 2023

In a rollercoaster year for retail sales, a survey of retailers has indicated an optimistic outlook for store network growth. CBRE said events and the return of international students and tourists as well as a return of office workers would be positive drivers for CBD retail sales in the year ahead. per cent to 13.9

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