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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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Retail sales recovery boosts Vicinity Centres’ bottom line

Inside Retail

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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Why independent retailers don’t always work in shopping centres

Inside Retail

Local governments and their communities around the world have been concerned for decades about the decay of their High Streets (called ‘strips’ in Australia, ‘Main Streets’ in America, and various other names in Asia), which is closely linked to the growth of shopping centres. Apparel and accessories from 45 per cent to 21 per cent.

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Vicinity Centres reports strong tenant demand

Inside Retail

Sustained levels of retail sales delivered a “robust” third quarter for shopping mall operator Vicinity Centres. For the three months to March 31, sales in stores across the company’s portfolio rose by 13 per cent year on year and strong tenant demand drove an increase in leasing deals. per cent increase.

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Here’s an in-depth look at the major retail sales events in Southeast Asia

Inside Retail

With shoppers often buying sweets, custom-made apparel, accessories and jewellery, White Day offers e-commerce platforms a huge opportunity to fulfil consumers’ needs. The Thailand Grand Sales usually occur around this time. Shopping malls, boutiques, and special pop-up shops all take part, offering discounts of up to 80 per cent.

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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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Australians set records for pre- and post-Christmas retail spending

Inside Retail

per cent, followed by food and grocery retailing, up by a more modest 7.6 Spending on apparel and accessories surged 19.8 Boxing Day has once again cemented its status as the Grand Final of Australia’s favorite sport, shopping.”. Spending on household goods accounted for the highest share on Boxing Day, reaching $314.76