Posts tagged "Australian retail trends"

When looking through the volatility of the past few months, retail turnover was unchanged in trend terms, reflecting a still high cost of living and elevated interest rates.

December is shaping up to be a softer month for official retail sales numbers after consumers jumped on discounted goods in November and budgets were dried up by high living costs.

Online shopping, finance and insurance, and travel were the main drivers of spending growth, increasing by 3.9%, 3.6% and 7.6% over the year.

The National Retail Association expects there will be up to $6.3 billion worth of sales over a four-day period while comparison website Finder went even further and predicted a $6.7 billion spend.

Spending by people aged 25 to 29 on must-haves, such as groceries and pharmaceuticals, fell 3.7% over the year to September, based on Commonwealth Bank payments data.

SME leaders retain a confident and optimistic attitude while keeping an eagle eye on the economic outlook, which is a healthy position.

Shippit data shows the value of orders also increased this time around and is up 4.7%, from $107 to $112 per order.

A 0.2% lift in retail sales was recorded by the ABS in August following a stronger 0.5% uptick in July and a 0.8% fall in June.

In the physical retail fashion sector, things are not looking good, so Ralph Lauren has opened coffee shops and very cool, mobile, branded coffee vans.

Concerned small businesses have criticised a state government decision to take planning approval over Kaufland sites out of the hands of local government.

The new seventh floor at Sydney's David Jones is great because it has applied lessons from top international luxury department stores.

Many predictions about the future of retail have emerged — and some common themes have emerged that are worth considering.