Tag: Retail Sales

The Australian dollar has dropped on the back of a lower than expected increase in retail sales, with purchases taking a dive for department stores and household good retailers.

After predictions of dismal Christmas and New Year sales were realised by smaller retailers across the country, many say they’re expecting 2012 to be another flat year for trade.

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.

Small business sales were up in October, suggesting that consumer spending will creep back in the lead up to Christmas, according to the latest figures from ANZ.

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.

The Australian Retailers Association said the ABS July Retail Trade figures released yesterday showing a 0.7 percent growth in July retail trade was "not good enough".

Retail trade in Australia has improved, but only by 0.2 percent in June, repeating the 0.2 percent growth in retail sales recorded by the ABS in May this year.

With the Federal Government’s $900 cash bonus – part of the $42 billion stimulus package – hitting consumer bank accounts today, research conducted by...

The retail industry experienced some much needed growth in the month of January, off the back of extended retail sale periods, along with the Government’s December stimulus package.