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Retail spending soars in July despite rising living costs

Inside Retail

However, Australian Retailers Association CEO Paul Zahra cautioned that on-year comparisons were impacted by the Covid-19 Delta lockdowns when businesses in NSW and Victoria were severely restricted. Month on month, department stores posted the largest rise at 3.8 per cent and 1.2 per cent respectively.

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For Singapore’s Capitaland, the mall comes roaring back

Inside Retail

E-commerce in Singapore had a couple of bumper years in 2020-21, but online sales growth plateaued in 2022 as a percentage of Singapore’s retail sales : for Capitaland’s malls, many of them part of integrated mixed-use projects, it was time to start taking full advantage of normalisation. per cent) and department store BHG (1.0

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2023 economy: growth rate slows as regulators battle inflation

Inside Retail

This has been good news for retail spending that is linked to social settings, such as clothing and shoes and department stores. The RBA is set to tighten further before pausing to allow the impact of what’s been done to flow through. Domestic travel has fully rebounded, with 27.7 Hospitality has had a resurgence as well.

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Analysis: EOFY won’t end the tough times for many

Inside Retail

The retail industry has cause for a touch of optimism entering the next financial year but it is unlikely that the rollercoaster ride is over for everyone. Retail sales for the first four months of 2022 are showing encouraging growth but the devil is in the detail, with the underlying driver of the increased revenue levels being inflation.