Inside Retail

JULY 3, 2024

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. billion. .

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Inside Retail

MAY 5, 2024

Dan Murphy’s parent Endeavour Group saw retail sales increase 2.4 Despite both of its retail chains – BWS and Dan Murphy’s – falling flat on a comparable store basis, the MyDan’s membership program added more than 175,000 new members and achieved a record peak scan rate of 84 per cent from its 5.4

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Inside Retail

MAY 30, 2024

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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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

APRIL 30, 2024

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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Inside Retail

OCTOBER 29, 2023

Retail sales rose 2 per cent year on year to $35.87 The data prompted both the Australian Retailers Association (ARA) and the National Retail Association (NRA) to urge the Reserve Bank of Australia to keep the current interest rates to encourage more consumer spending.

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Inside Retail

SEPTEMBER 27, 2023

Australian retail sales were up only 1.5 The growth was largely driven by sales from the cafes, restaurants, and takeaway industry, which rose 8 per cent, followed by food with a 3.5 The post Australian retail sales record modest growth in August appeared first on Inside Retail Australia.

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Inside Retail

MARCH 27, 2024

Taylor Swift’s The Eras Tour concert helped drive retail sales to a modest increase in February, according to the Australian Bureau of Statistics. February retail spending totalled $35.8 ” The post Taylor Swift’s concerts help boost February retail sales appeared first on Inside Retail Australia.

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Inside Retail

JANUARY 29, 2024

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 billion in December, up 0.8 per cent year over year.

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Inside Retail

JANUARY 8, 2024

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. ” All states showed retail sales growth during the month, with the ACT leading at 5.2

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Inside Retail

NOVEMBER 18, 2022

Australian Christmas retail sales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retail sales increased 12.9

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Inside Retail

SEPTEMBER 6, 2022

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.

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Retail Focus

APRIL 30, 2021

Retail sales incentive programs are an excellent way for retailers to reward their most valuable assets—their employees—by showing tangible gratitude. There has been a lot of talk lately about how customer service and retail jobs are on the decline. Retail Sales Incentive Programs: What Are They and Why Are They Used?

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Inside Retail

OCTOBER 31, 2024

Despite the challenging trading environment, Prada Group ‘s retail sales increased across all its brands in the first nine months of the fiscal year. billion), with its retail net sales growing 18.3 Wholesale net sales climbed 8.6 ” Japan posted the highest sales growth of 52.6 billion (US$4.17

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Inside Retail

FEBRUARY 20, 2022

The Omicron outbreak has failed to dampen retail sales despite initial concerns about foot traffic and staff constraints during the early part of January according to ARA CEO Paul Zahra. . per-cent year-on-year increase in retail sales across the country in January and a 14.4-per-cent per cent, followed by apparel, up 8.5

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Inside Retail

MARCH 27, 2023

Further reading: Australian retail sales surged 7.5 per cent in January – ABS The post Retail sales surge in February – but how much is inflation? appeared first on Inside Retail.

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Inside Retail

MARCH 29, 2022

Retail sales continued to perform well in February recording a 9.1 KPMG senior economist, Sarah Hunter said the overall retail sales momentum remains positive. The post ABS data reveals strong retail sales growth in February appeared first on Inside Retail. per cent and NSW at 8.5

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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

APRIL 20, 2021

Retail sales rose 1.4 Victoria and Western Australia led the rises, after Covid-19 lockdowns impacted retail sales in February 2021,” James said. “The ABS job and retail figures that’ll be released in the months ahead will be our first indication as to what the real impact has been.”. Turnover rose 2.3

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Inside Retail

JUNE 28, 2022

Seasonally adjusted Australian retail sales grew in May by 10.4 Sales of household goods rose at 0.4 per cent while other retailing registered a 1.5 The post Inflation helps fuel strong Australian retail sales in May appeared first on Inside Retail. Department stores saw the strongest growth at 5.1

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Inside Retail

SEPTEMBER 27, 2023

Premier Investments achieved record sales for the full financial year as its businesses recovered from the impacts of the Covid-19 pandemic. The company booked retail sales of $1.64 per cent sales increase to $478.9 billion in FY23, up 9.7 per cent from the previous year. Earnings before interest and tax rose 1.5

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Inside Retail

MAY 9, 2021

Retail sales fell 0.5 On a month-by-month basis, sales rose 1.3 Online sales made up 9.4 per cent of monthly sales during the period, compared to 7.1 The data follows last week’s NAB Online Retail Sales Index, which found that online sales fell 0.5 per cent in March following a 0.8

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Inside Retail

JANUARY 17, 2023

Although Zahra flagged inflation as a factor in the increased sales, he forecast a “challenging environment” for businesses as rising operating costs will tighten margins moving forward. Further reading: Black Friday sales boosted retail spending in November.

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Inside Retail

JANUARY 31, 2022

Retail sales were still elevated compared to pre-pandemic levels, with December’s monthly turnover now at the second-highest level in the following month’s record. Despite [December’s] fall, retail turnover remains strong, up 4.8 The result follows consecutive rises in November (7.3 per cent), October (4.9

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Inside Retail

APRIL 24, 2024

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retail sales rose by 4.7 The online share of total retail sales is now 23 per cent. billion, Same-store sales grew by 6.6 per cent to US$4.0

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Inside Retail

NOVEMBER 8, 2022

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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Inside Retail

AUGUST 29, 2022

Australian retail sales reached a record high in the last three months of 2021. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales. Retail sales in NSW & Victoria rose by 15.3 What are the implications of the strong retail sales data?

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Inside Retail

JANUARY 18, 2024

Retail sales in the US soared 0.6 On a year-on-year basis, US retail sales were up 5.6 On a year-on-year basis, US retail sales were up 5.6 For 2023, unadjusted retail sales increased 3.2 Food and grocery stores posted sales growth of 1.0 per cent increase. per cent in December.

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Inside Retail

MAY 3, 2022

Australian retail sales surged 9.4 Month on month, sales were up 1.6 March saw the highest growth rate since April last year when sales surged 24 per cent against April 2020 when lockdowns devastated the retail trade. And the volume of retail sales reached a record $33.6 The post Retail sales surge 9.4

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Inside Retail

JULY 10, 2024

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. “The

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Inside Retail

JUNE 19, 2022

He expects retail sales by volume will increase by an average of only 1.1 per cent for retail price growth. . The report found that the hospitality sector’s sales are increasing, benefiting from pent-up demand for social interaction. per cent from next year through to 2025 compared with 1.9

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Inside Retail

JUNE 20, 2021

Stable retail sales data for May have been welcomed by the Australian Retailers Association – but the body warns smaller businesses are still vulnerable to the impacts of Covid-19. According to Australian Bureau of Statistics (ABS) figures released today, Australian retail sales were up 7.4

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Inside Retail

MAY 18, 2022

The post How coaching influences retail sales culture appeared first on Inside Retail. Sign up for a free trial.

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Inside Retail

JULY 18, 2024

Download your complimentary copy of Quantiful’s report Why planning accuracy is key to the future of retail here. The post How poor planning is costing retailers sales – and profits appeared first on Inside Retail Australia.

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Inside Retail

MAY 20, 2021

After retail sales slipped in March due to a continued return toward ‘normal’ trading, monthly turnover recovered slightly in April 2021, rising 1.1 CBD retailers, particularly small businesses, along with travel retailers are our biggest concern. per cent after the 0.5 per cent drop last month.

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Inside Retail

FEBRUARY 14, 2023

million, benefitting from the “continued strength of retail sales” which led to improved cash collections, rental growth, and a higher percentage of rent. Further reading: Vicinity Centres to trial battery storage at two malls The post Retail sales recovery boosts Vicinity Centres’ bottom line appeared first on Inside Retail.

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Inside Retail

MAY 29, 2022

Year-on-year retail sales growth hit 9.6 Sales reached an estimated $33.9 per cent increase, and the ‘other retailing’ sector 14.4 However, we know that the record retail sales result can also be attributed to the higher prices we’re seeing across the economy – particularly in the food industries.

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