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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 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent bump.

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Beyond the beach: Richard Facioni outlines plans for Surfstitch

Inside Retail

Data shows the rapid increase in online shopping that defined the first year of the global pandemic has started to fade, as the novelty of lockdowns wears off and government stimuluses run out, and online retailers that once enjoyed record highs are now working harder to drive sales. This time last year, we were all still in lockdown.

Planning 246
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Accent Group’s sales remain weak in first 19 weeks of FY24

Inside Retail

Accent Group’s sales in the first 19 weeks of FY24 remained flat but the fashion and footwear company is still on track to open 70 new stores in the first half of the fiscal year. The company said that its owned retail sales went up 2.1 per cent while like-for-like sales declined 2 per cent.

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August retail figures show impact of prolonged lockdowns

Inside Retail

National retail sales fell 1.7 The data, care of the ABS, demonstrates the prolonged impact lockdowns around the country are having on the retail industry: clothing, footwear and personal accessories sales fell 17.4 There’s little consistency across the three reopening plans,” Zahra said.

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Exclusive: PAS Group to relaunch Italian denim brand Replay in ANZ

Inside Retail

Established as a denim brand in Italy in 1981, Replay sells a comprehensive range of apparel, accessories and footwear for men, women and children under the Replay, Replay & Sons and We Are Replay brands. PAS Group plans to open three to five Replay stores before deciding on a broader rollout. Fills a gap.

Apparel 246
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“Makes sense on paper”: Premier backs spinoff, but analysts have doubts

Inside Retail

Solomon Lew’s plan to spin off Premier Retail into individual business units, announced in August, appears to be moving full steam ahead, as kids’ stationery brand Smiggle and sleepwear brand Peter Alexander investigate potential international expansions. Lew wouldn’t disclose who Premier Retail’s partner in UAE is.

Expansion 259
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Accent Group profits increase but trading remains challenging

Inside Retail

For the year to July 2, the total sales grew 24 per cent to $1.57 Online sales achieved $260.5 per cent of total retail sales while like-for-like sales for the year grew 10.2 Strong sales were achieved across all major banners including Platypus, Hype DC, Vans, Skechers, The Athlete’s Foot and Dr Martens.

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