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Retail sales grow in May amid early EOFY promotions

Inside Retail

Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. Australian Bureau of Statistics (ABS) data showed that retail sales totaled $35.94 Food retail sales grew 3.0 billion during the month.

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Retail sales slightly up in December as shoppers shifted spend to Black Friday

Inside Retail

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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Interest-rate rise killed Australian retail sales growth in November

Inside Retail

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. Department stores inched 3.3 per cent as sales value hit $689 million. per cent to $36.51

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How Malaysian department store Pavilion is connecting with customers

Inside Retail

In fact, China saw its economy strengthen in November 2020, with retail sales expanding by five per cent. Hopefully, as vaccines roll out across Southeast Asia, and the eventual relaxation of the MCO, will set the retail industry firmly on the path to recovery and growth. You can download it here.

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Mother’s Day, inflation underpin Australian retail spending growth

Inside Retail

Clothing, footwear, and accessories sales were up 4 per cent followed by department store sales at 3.4 Due to “cooler than average weather” and early promotional activity, “modest growth” was observed in other retailing at 2.2 per cent while household goods fell by 4.4 per cent, the ABS said. per cent.

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Australia’s retail ‘recession’ runs to three consecutive quarters

Inside Retail

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year.

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Analysis: What to expect from retailers’ FY24 results

Inside Retail

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