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Retail sales surge in February – but how much is inflation?

Inside Retail

Further reading: Australian retail sales surged 7.5 per cent in January – ABS The post Retail sales surge in February – but how much is inflation? appeared first on Inside Retail.

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Australian retail sales surged 7.5 per cent in January – ABS

Inside Retail

Australian retail sales in January surged 7.5 per cent over December, reflecting a strong post-Christmas sale season. Ben Dorber, head of retail statistics with the Australian Bureau of Statistics (ABS), said January’s rise followed a 4 per cent month-on-month fall in December and 1.7 per cent year on year – and 1.9

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Christmas retail sales tipped to top $60 billion

Inside Retail

Australian Christmas retail sales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retail sales increased 12.9

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Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens.

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Early data suggests apparel, groceries drove December retail sales growth

Inside Retail

Although Zahra flagged inflation as a factor in the increased sales, he forecast a “challenging environment” for businesses as rising operating costs will tighten margins moving forward. Further reading: Black Friday sales boosted retail spending in November.

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Sharp improvement in retail sales as Omicron impact wanes

Inside Retail

The Omicron outbreak has failed to dampen retail sales despite initial concerns about foot traffic and staff constraints during the early part of January according to ARA CEO Paul Zahra. . per-cent year-on-year increase in retail sales across the country in January and a 14.4-per-cent per cent, followed by apparel, up 8.5

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ABS data reveals strong retail sales growth in February

Inside Retail

Retail sales continued to perform well in February recording a 9.1 KPMG senior economist, Sarah Hunter said the overall retail sales momentum remains positive. The post ABS data reveals strong retail sales growth in February appeared first on Inside Retail. per cent and NSW at 8.5