Retail sales surge 9.4 per cent – but good times ‘could be short lived’
Inside Retail
MAY 3, 2022
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 per cent. March saw the highest growth rate since April last year when sales surged 24 per cent against April 2020 when lockdowns devastated the retail trade. And the volume of retail sales reached a record $33.6 billion in stores and online in March, eclipsing the previous record of $33.3 billion set in No
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