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Retail sales increase 2.3 per cent in July

Inside Retail

Australian retail sales moderately improved in July, which Australian Bureau of Statistics (ABS) data attributed to the continuation of mid-year sales. billion, with the ‘other retailing’ segment, which includes cosmetics, sports, and recreational goods, recording the highest growth, of 5.5 billion. .

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Vicinity Centres reports stable retail sales across its malls

Inside Retail

per cent uplift in portfolio sales for the third quarter ended March 31. Our operating metrics remain strong and continue to be underpinned by retailer demand for physical stores, particularly in our premium centres, and strong retail sales growth since the end of the pandemic,” said CEO and MD Peter Huddle.

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Global online retail sales tipped to reach US$6.8 trillion by 2028

Inside Retail

Total global online retail sales are expected to grow from US$4.4 Online retail sales will record a compound annual growth rate (CAGR) of 8.9 per cent during the five-year period, according to the Global Retail E-Commerce Forecast report, which covers data in 40 countries globally. trillion in 2023 to $6.8

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Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales 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.”.

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How coaching influences retail sales culture

Inside Retail

Training that responds to customer feedback can result in growth in net promoter scores, average basket size, and market share. . The post How coaching influences retail sales culture appeared first on Inside Retail. It’ll help your team to develop appropriate skills, improve competencies, and to delight your customers.

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Australia’s retail sales growth can’t last. Here’s how to prepare for it

Inside Retail

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 My tip is that retail sales figures in the next couple of months will start to reflect this. The post Australia’s retail sales growth can’t last.

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Inflation, not volume, will drive retail sales growth until 2025 – report

Inside Retail

The quarterly Deloitte Access Economics’ Retail Forecasts finds that – based on trend analysis – real retail spending during the quarter to March 31 ran 6.2 per cent ahead of what might have been expected had Covid-19 not disrupted markets from early 2020. He expects retail sales by volume will increase by an average of only 1.1