The Australian Retailers Association (ARA) said the trade figures released yesterday by the Australian Bureau of Statistics (ABS) represent a better than expected start to the retail year with 3.11% total growth year-on-year and a 0.4% jump for January alone. Post-Christmas spending estimates by the ARA and Roy Morgan Research predicted sales growth of 2.9% year on year. It says that exceeding this figure is a strong sign for a broader rebound in the retail sector.
Key Takeaways:
- The Australian Retailers Association (ARA) said the trade figures released yesterday by the Australian Bureau of Statistics (ABS) represent a better than expected start to the retail year
- Food Retailing showed a steady yearly growth figure of 3.49%, with the Takeaway Food Services sub-category again booming with an exceptional increase of 11.91% year-on-year.
- According to AACS Executive Director, Jeff Rogut, growth in convenience store sales over the past year continues to be strong.
“Post-Christmas spending estimates by the ARA and Roy Morgan Research predicted sales growth of 2.9% year on year.”
http://c-store.com.au/2017/03/07/2017-kicks-off-good-year-retailers/
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