article thumbnail

What China’s latest retail sales reveal about changing consumer spending

Inside Retail

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 per cent in the first quarter, with consumer goods up 3.1 The online share of total retail sales is now 23 per cent.

article thumbnail

Retail sales slightly up in December as shoppers shifted spend to Black Friday

Inside Retail

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 ” Department store sales climbed 3.7

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Interest-rate rise killed Australian retail sales growth in November

Inside Retail

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

article thumbnail

How Influencers Can Increase Your Retail Sales

Retail Bound

Influencer marketing is a form of marketing where businesses partner with social media influencers to promote their products or services. Retail-specific influencers play a significant role in promoting products and driving sales for brands at specific retailers.

article thumbnail

E-commerce sales fall as cost-of-living pressures hit consumers

Inside Retail

As inflation and rising interest rates start to bite and reduce consumers’ spending capacity and confidence, Australian e-commerce sales declined sharply in July. . per cent of retail spending in the country during the last financial year, e-commerce’s share of wallet is significant. . Representing 19.3 Desktop and tablet.

Consumer 246
article thumbnail

Mother’s Day, inflation underpin Australian retail spending growth

Inside Retail

Clothing, footwear, and accessories sales were up 4 per cent followed by department store sales at 3.4 Due to “cooler than average weather” and early promotional activity, “modest growth” was observed in other retailing at 2.2 By state, ACT led with the highest growth in retail turnover at 9 per cent followed by SA at 6.5

Promotion 240
article thumbnail

Australia’s retail ‘recession’ runs to three consecutive quarters

Inside Retail

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year.