article thumbnail

Australian retail sales witness modest growth in September

Inside Retail

Retail sales rose 2 per cent year on year to $35.87 The data prompted both the Australian Retailers Association (ARA) and the National Retail Association (NRA) to urge the Reserve Bank of Australia to keep the current interest rates to encourage more consumer spending. billion, while department store sales went up 1.3

article thumbnail

Retail Sales Saw July Decline

VMS

Retail sales reportedly declined 1.1 Book stores, Musical instrument and sporting goods stores had a sales decrease of 1.9 Car and motor vehicle parts dealers’ sales fell 3.9 Online sales also had a decline of 3.1 percent increase in sales from this time a year ago. percent, reports CNBC.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

Total portfolio retail sales grew 1.5 per cent, largely driven by food, sporting goods, cosmetics, and retail services. “In In the context of softening retail sales growth, notably in 2Q FY24, we are particularly pleased with the strong operating metrics delivered in the first half,” Huddle continued.

article thumbnail

Retail Sales Up 9.8 Percent Higher in March

VMS

Retail sales are up 9.8 Between consumers receiving their $1400 government issued stimulus checks and retail reopening throughout the U.S., Food and beverage, clothing and sporting goods were the main categories driving spending. percent and sporting goods raked in a gain of 23.5

article thumbnail

Can Singapore’s CapitaLand maintain its momentum as the economy slows?

Inside Retail

For some time now, the growth of e-commerce in the Lion City has been falling back in line with the growth rate of retail sales as a whole. 2023: the year of normalisation Retail sales per square foot (or per square metre according to your taste) for CapitaLand’s malls increased 10.2 per cent versus 4.1

article thumbnail

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.

article thumbnail

Consumer demand drives automation solutions in Australian supply chains

Inside Retail

Australian consumers have the world at their fingertips and can order from all across the globe, not only from the large international e-commerce companies but also from specialist retailers – be it fashion, electronics or sporting goods. According to the NAB Online Retail Sales Index, Australians spent $48.1

Consumer 246