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Australian retailsales 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, driven by the expected 5.5
Australian retailsales surged 9.4 Month on month, sales were up 1.6 March saw the highest growth rate since April last year when sales surged 24 per cent against April 2020 when lockdowns devastated the retail trade. And the volume of retailsales reached a record $33.6 The post Retailsales surge 9.4
Japan’s departmentstores bear a striking resemblance to cruise ships: they’re big, luxurious, move glacially and serve an ageing customer. Japan’s Ministry of Economy, Trade and Industry (METI) reports that departmentstores led the retailsales recovery through the first five months of the year.
Shinsegae — one of the Big 3 of Korean departmentstoreretailing 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.
Japan’s storied departmentstores are riding a wave of overseas tourists, and although there is no sign yet of a wipeout, the cautious pronouncements of company executives indicate that it’s a wave they can’t ride on indefinitely. On the surface of it, departmentstores still have their mojo: sales in October rose by 5.3
With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retailsales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent to $51 billion.
National retailsales 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 per cent, departmentstores 15.9 Food retailing rose 2.7 per cent, household goods 5.9
Retailsales 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 retailsales were up 5.6 On a year-on-year basis, US retailsales were up 5.6 For 2023, unadjusted retailsales increased 3.2 per cent and 5.7
Its economic data analysis will include retailsales 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. Departmentstores followed suit with January up 1.7
stores in Vietnam. The retailsales mix is nicely balanced, with 30 per cent hardlines, 39 per cent food and 31 per cent fashion. Among the highlights was a successful relaunch of Central Chidlom (popularly known as Central DepartmentStore) in downtown Bangkok, with a new multi-level designer wing called Luxe Galerie.
The departmentstore huffed and puffed, but its status was clearly under threat. The floors that have been unveiled already make a sparkling addition to the departmentstore and transport it firmly into the 2020s, making its new company-coined moniker, “Store of Bangkok”, only just a teeny-weeny exaggeration.
Australian luxury fashion label Ginger & Smart is spreading its wings to the US next month, when it enters high-end departmentstore Saks Fifth Avenue off the back of its show at Afterpay Australian Fashion Week (AAFW) in June. We’ll develop a core line [of denim] that will gently underpin our main collection.
However, departmentstores are expected to see a 2.9 per cent improvement and other general retailing – including books, cosmetics and recreational goods – by 1.7 per cent increase in retailsales, Tasmania up by 0.7 Hospitality spending is predicted to fall by 4.2 per cent, household goods by 3.2 per cent.
The retail industry has cause for a touch of optimism entering the next financial year but it is unlikely that the rollercoaster ride is over for everyone. Retailsales for the first four months of 2022 are showing encouraging growth but the devil is in the detail, with the underlying driver of the increased revenue levels being inflation.
For some time now, the growth of e-commerce in the Lion City has been falling back in line with the growth rate of retailsales as a whole. 2023: the year of normalisation Retailsales per square foot (or per square metre according to your taste) for CapitaLand’s malls increased 10.2 per cent versus 4.1
Discount departmentstore Best & Less has made its debut in the lucrative beauty category, unveiling a pink pop-up store from MCoBeauty this week. . Now also available online at Best & Less, MCoBeauty is the first beauty brand stocked at the value chain, in 120 of its stores across the country.
Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retailsales, which soared to $4.583 trillion in 2021. “As retailsales last year. percent of total U.S.
It’s a crucial strategy to make your products stand out in a competitive retail space. Effective visual merchandising can have a significant impact on your bottom line. This practice took off in the 19th century after departmentstore window displays became popular. In-Store Shopping Experience.
per cent, so you can see how this has retailers worried. At the front lines are food retailers, which are passing on some, but not all, of the increased costs, fearing correctly that consumers will reduce purchases. In August (the latest reported month at the time of writing), non-auto retailsales were up 16.2
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