Inside Retail

JANUARY 29, 2025

China retail data: consistent consistency Mr Yus consistency has been lauded but, in some other areas, consistency should draw scepticism. Take Chinas retail data for example, whose consistency should be drawing fire from all directions. Since February 2024, sales growth has never deviated from a narrow band around 3 per cent.

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Inside Retail

MAY 30, 2024

Total global online retail sales are expected to grow from US$4.4 Online retail sales will record a compound annual growth rate (CAGR) of 8.9 per cent during the five-year period, according to the Global Retail E-Commerce Forecast report, which covers data in 40 countries globally. trillion in 2023 to $6.8

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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 billion. .

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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 annually to $5.53

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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 higher to $3.02

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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 National Retail Association deputy CEO Lindsay Carroll said a slowdown in consumer spending before retail season was expected.

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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

JANUARY 31, 2022

Trading conditions worsened in December due to the beginning of the Omicron wave rapidly spreading across the country, pushing consumers to be more cautious. Retail sales were still elevated compared to pre-pandemic levels, with December’s monthly turnover now at the second-highest level in the following month’s record.

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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

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. . “The vaccination rollout is now imperative to boosting consumer confidence and safety. Turnover rose 2.3

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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. Consumer Price Index, Australia.

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Inside Retail

NOVEMBER 18, 2022

Australian Christmas retail sales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retail sales increased 12.9

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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

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. ” All states showed retail sales growth during the month, with the ACT leading at 5.2

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Inside Retail

FEBRUARY 11, 2025

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. In Japan, as usual, the retailers think of ingenious ways of getting around it. Sales for drugstores increased by 6.9 Consumer confidence is weak and getting worse.

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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 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent bump.

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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

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 Further reading: Australian retail sales surged 7.5 appeared first on Inside Retail.

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Inside Retail

JANUARY 17, 2023

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 Further reading: Black Friday sales boosted retail spending in November.

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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

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

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 billion on online retail in the 12 months to May 2021, around 13.2

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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 per cent while hotel sales grew 4.7

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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 Fashion and leather goods fell 5 per cent to €9.15

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Inside Retail

AUGUST 17, 2022

As inflation and rising interest rates start to bite and reduce consumers’ spending capacity and confidence, Australian e-commerce sales declined sharply in July. . per cent of retail spending in the country during the last financial year, e-commerce’s share of wallet is significant. . Representing 19.3 Desktop and tablet.

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Inside Retail

AUGUST 1, 2023

French-founded and Australian-owned skin and beauty retailer Ella Bache has powered through almost 70 years of ups and downs. And with the recent slowdown in consumer spending and rising cost of doing business, that experience is proving invaluable. Changing spend Ella Bache is no stranger to this.

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Inside Retail

MAY 9, 2023

New data from Colliers shows luxury retail and fine-dining services across Australian CBDs continue to perform well despite rising living costs. According to Colliers’ research, Australian consumers have spent 27 per cent on dining and restaurant services in the year’s first quarter. million of the population.

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Inside Retail

FEBRUARY 17, 2025

Earlier, the Australian Bureau of Statistics (ABS) said that retail sales improved 4.6 per cent as sales totalled $6.14 per cent year over year $36.99 billion in December. Among all categories, household goods saw the highest growth rate of 7.1

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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. Retail sales in NSW & Victoria rose by 15.3 What are the implications of the strong retail sales data?

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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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