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

Inside Retail

Australian retail sales recorded another modest growth in February despite the continued impact of cost-of-living pressures and economic uncertainty. Retail sales rose 3.6 The ‘other retailing’ category which includes cosmetics, sports, and recreational goods recorded the biggest increase at 5.5

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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. 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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Retail sales increase 3.1 per cent in August

Inside Retail

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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Retail sales crept up in January, ABS data shows

Inside Retail

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 ‘Otherretailing sales climbed 2.8 Cafes, restaurants, and takeaway sales grew 2.5 per cent to $5.38

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Hong Kong retail sales remain grim: Is there light at the end of the tunnel?

Inside Retail

Hong Kong retail sales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.

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Unwrapping retail spending over the Christmas sales season

Inside Retail

With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. The growth rate slowed for all other age groups.

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When Is the Time Right to Fire Your Retail Sales Agency?

Retail Bound

For product startups, partnering with a retail sales agency often feels like a natural step. These agencies bring expertise, established relationships, and credibility to help your brand penetrate retail markets. Sometimes, the very agency you trusted to drive your retail success may start holding your business back.