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Retail sales surge 9.4 per cent – but good times ‘could be short lived’

Inside Retail

Australian retail sales surged 9.4 per cent in March compared with the same month last year as the impact of Omicron on consumer shopping behaviour wore off. Month on month, sales were up 1.6 And the volume of retail sales reached a record $33.6 And the volume of retail sales reached a record $33.6

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Half of UK consumers back a return to VAT-free shopping for tourists to boost retail spend and visitor numbers, Retail Technology Show research reveals

Retail Focus

Despite the Government refusing to overturn the abolition of the duty-free shopping for tourists in the Spring Budget, now half (50%) of UK consumers want the scheme to be reinstated, according to the latest research from Retail Technology Show (RTS), the leading event that connects retail’s changemakers and leading tech innovators.

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Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

per cent as of June 30 last year and 98 per cent at the peak of the pandemic (December 2020). During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H Total portfolio retail sales grew 1.5

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October Retail Sales Enjoy Holiday Boost

VMS

Retail enjoyed a boost in sales in October as Americans began their holiday shopping early to avoid pandemic-related supply chain issues, reports the National Retail Federation (NRF). Overall retail sales were up 1.7 Overall retail sales were up 1.7 percent year over year. Census data.

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Early Shoppers Fuel 8.5% Jump in Holiday Retail Sales

VMS

A surge in early shopping got retailers off to a strong start this holiday season, spurring 8.5 Notably, online sales jumped 11 percent compared to the same period last year. The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. percent in 2019.

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Amazon expands parcel pick up network to Western Australia

Inside Retail

The expansion of its pick up network comes after the surge of Australians having tried online shopping for the first time during the Covid-19 crisis, with the network now available at more than 750 locations across the country. According to the latest NAB Online Retail Sales Index, Australians spent $46.9

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How premium Japanese outlet Gotemba is bringing beauty to bargain shopping

Inside Retail

The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Prior to Gotemba, Japan’s retail market was tightly regulated and the industry in bad shape. Government statistics show that at the time of Gotemba’s opening, retail sales in Japan had fallen for 42 consecutive months.

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