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. The scale of a renaissance in bricks-and-mortar store openings may well be modest but it does contrast with an extended prior to and through the Covid-19 pandemic of store network pruning.
Inside Retail
SEPTEMBER 27, 2021
National retail sales fell 1.7 The data, care of the ABS, demonstrates the prolonged impact lockdowns around the country are having on the retail industry: clothing, footwear and personal accessories sales fell 17.4 Retail brought in $29 billion during August. per cent compared to the same time last year.
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Inside Retail
FEBRUARY 5, 2025
In contrast, the two formats Vincom operates in secondary locations Vincom Plaza and Vincom+ have persistent vacancy rates in the 20-30 per cent range, which isnt a good look. Retail is booming and rents are, too, in the main cities Vincoms performance took place against the backdrop of booming retail sales.
Inside Retail
NOVEMBER 19, 2024
Stepping even further out by age reveals the contrast. Under 30s have cut back substantially in retail categories like apparel (-8 per cent) and department stores (-15 per cent). At the highest level, under-40s are winding back overall spending, while spending growth is running higher than inflation for over-60s.
Inside Retail
AUGUST 1, 2023
Hallas’ comments come at a time of economic uncertainty for many retailers, with the Australian Bureau of Statistics’ latest retail sales data noting that spending across all categories, except food, fell in the year to June. Changing spend Ella Bache is no stranger to this.
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?
Inside Retail
MAY 22, 2023
per cent on retail services for the 12 months to March, 2023. In contrast, spending for individuals under that age – and across the same categories – had declined by 8.4 Meanwhile, people aged 30-34 were feeling the pinch of cost of living pressures more than other age groups. Spending among 35+ year old consumers had increased by 3.1
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