January retail sales improve defying Omicron, supply chain woes
Despite the Omicron surge and supply chain issues, retail sales increased in January.
Despite the Omicron surge and supply chain issues, retail sales increased in January.
The ABS report revealed that Australia’s retail sales increased in May but at a slower pace than in April due to COVID-19 led restrictions and lower demand.
The Australian Retailers Association (ARA) has said that penalty rates must be reduced to support further retail growth. This comes as retail figures for June 2015 have shown further growth while the Productivity Commission has opened discussion on the matter of penalty rates. Retail trade figures for June 2015 grew by 4.9 per cent year […]
The latest ABS trade figures reveal that retail turnover saw a slight rise towards the end of 2014, though it failed to reach the expected long-term average annual growth of 6 per cent.
The Australian Bureau of Statistics (ABS) has today released the final Retail Trade figures before Christmas, revealing a 0.4 per cent rise in retail turnover during the month of October.
The Australian Retailers Association (ARA) is expecting shoppers to spend $45 billion during this year’s pre-Christmas period.
Despite multiple months of positive retail trade figures this year, a key retail body is tipping that retail growth is likely to slow after the Australian Bureau of Statistics reported turnover fell by 0.2 percent in April.
Retail turnover fell during the all-important month of December, thanks to a sales slump in food retailing and cafes, restaurants and takeaway food services.
A leading retail body is calling on the federal and state governments to consider the impacts of new taxes on consumers and businesses, as many begin 2012 budget discussions.
Retailers aren’t counting on joy to save the year, with Christmas sales projected to see only a small growth over last year’s figures.