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Analysis: How Australian department stores can thrive in a post-Covid world

Inside Retail

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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Retail sales growth continues in February, but recovery still far away

Inside Retail

per cent at department stores, and 2.89 CreditorWatchs chief economist Ivan Colhoun said retail sales were reasonably soft in February, but seasonal patterns have changed. The ‘other retailing’ category which includes cosmetics, sports, and recreational goods recorded the biggest increase at 5.5 per cent uptick.

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Why consumer spending in one retail category is outpacing all others

Inside Retail

However, behind the headline numbers sits a range of spending patterns. As a CommBank iQ spending category, general retail covers more than 10 sub-segments, from pet, discount and department stores to online marketplaces. year-on-year, inflation continues to be higher at 2.8 per cent ii.

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David Jones’ strong second half buoys difficult year

Inside Retail

Sales in department store David Jones jumped during the last year despite the continuation of the Covid-19 crisis and intermittent lockdowns hampering trade. Sales in the department store rose 2.3 per cent in comparable stores, as customers increasingly shopped online through lockdown and unprofitable space was minimised.

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Retail sales crept up in January, ABS data shows

Inside Retail

This means there has been no growth in retail turnover when we look through the volatility of the past few months,” Dorber said, noting that spending patterns shifted due to change in seasonality. billion and department stores slid 1.3 . “Retail turnover was unchanged in trend terms in January. per cent to $5.38

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Australian retail sales surged 7.5 per cent in January – ABS

Inside Retail

This has been heightened by an increase in the popularity of Black Friday sales and growing cost of living pressures combining to drive a change in usual consumer spending patterns.” per cent – and department stores (up 16.6 per cent – clothing and footwear – up by 17.5

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Retail sales increase 3.1 per cent in August

Inside Retail

billion in August, attributed to the shift in weather pattern. billion while department stores climbed 2.1 According to the Australian Bureau of Statistics (ABS), retail turnover increased 3.1 per cent year over year to $36.48 per cent with sales amounting to $5.75 billion. .” per cent with sales amounting to $5.75