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Retail sales increase 3.1 per cent in August

Inside Retail

Despite retail sales growing in August, businesses are still urging the Reserve Bank of Australia to cut interest rates to help the sector thrive through the holiday season. According to the Australian Bureau of Statistics (ABS), retail turnover increased 3.1 per cent with sales amounting to $5.75 Food sales grew 3.8

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Taylor Swift’s concerts help boost February retail sales

Inside Retail

Taylor Swift’s The Eras Tour concert helped drive retail sales to a modest increase in February, according to the Australian Bureau of Statistics. February retail spending totalled $35.8 “Looking past the temporary and one-off impact of the Taylor Swift concerts, underlying growth in retail turnover was up only 0.1

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What Is Visual Merchandising?

Creative Displays Now

Using these elements to bring attention to your brand is called visual merchandising. It’s a crucial strategy to make your products stand out in a competitive retail space. Effective visual merchandising can have a significant impact on your bottom line. Visual Merchandising Explained. Who Uses Visual Merchandising?

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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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Retail expert on China’s department store dilemma and potential growth drivers

Inside Retail

According to a report by Fung Business Intelligence (FBI) and China Commerce Association for General Merchandise (CCAGM), the consumer goods market in China is expected to grow in 2024 with the proactive policies of the government and the recovery of consumer confidence. per cent and 6 per cent respectively. Two thirds (66.3 Approximately 65.4

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What US mall operators can learn from their global peers

Inside Retail

Retailer sales per square metre were US$7976 for the trailing 12 months. He also anticipates that a number of the departing rue21 tenancies will return under the retailer’s new ownership. Macy’s alone has 97 stores in Simon malls, JCPenney has 53 stores and Dillards has 35. per cent, to US$190.

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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.