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 billion in August, attributed to the shift in weather pattern.

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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

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

JULY 28, 2021

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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Inside Retail

JULY 22, 2024

Its economic data analysis will include retail sales 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. Department stores followed suit with January up 1.7

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Inside Retail

NOVEMBER 19, 2024

However, behind the headline numbers sits a range of spending patterns. For example, general retail recorded the strongest growth among discretionary categories, rising by 5 per cent. At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others.

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Inside Retail

AUGUST 2, 2021

Online retail sales accelerated 7.6 per cent in June, following a rebound in May from a down-note in April, according to NAB’s monthly online retail sales index. Given the patterns observed over the past year, it is likely that this result has been strongly influenced by the lockdown period,” Oster said.

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