Javascript is currently disabled. This site requires Javascript to function correctly. Please enable Javascript in your browser!

Retailers have high hopes for 2014 following a successful Christmas period - yesterdays November ABS sales figures a significant indicator

10/01/2014

 

Peak retail industry body the Australian Retailers Association (ARA) and research partner Roy Morgan Research said retailers are continuing to work around the clock to exceed the $15.1 billion predicted to go through retail tills before the end of next week – an estimated two percent rise on last year’s predicted post-Christmas predicted sales of $14.8 billion.

ARA Executive Director Russell Zimmerman said retailers have claimed Christmas 2013 to be a success as the $15.1 billion post-Christmas sales period (Boxing Day through to mid January) draws to an end next week.

“Last year’s post-Christmas predicted sales ($14.8 billion) were almost spot on, with the actual figure confirmed only slightly lower at $14.6 billion.

“Based on the actual figure of $14.6 billion, we now see an even larger percentage growth year on year at 3.8 percent – a positive sign for the retail sector.

The seasonally adjusted rise (0.7 percent increase) in monthly retail trade figures (month-on-month) reported yesterday by the ABS followed a 0.5 percent rise in October 2013. Year on year retail growth also increased to 4.6 percent - a very positive sign for the retail sector and encouraging start to the Christmas sales period.

“These positive figures mean we can expect even higher results in December, when the majority of Australians started their Christmas shopping.

“Yesterdays figures also included online estimates for the first time. Based on the 1.8 percent ABS figure, the ARA estimates overall Australian based annual online retail sales to be $4.74 billion dollars. These retailers are Australian based, pay Australian taxes and employ Australians. Overall, the online figures are a great indication that the retail sector has experienced a good start to Christmas and Australian retailers are growing in the online space.

“Anecdotally, a number of retailers I have spoken to since Christmas have been blown away by how enormous Boxing Day was and how successful sales have been over the last two weeks. Boxing Day sales gave shoppers the perfect excuse to spoil themselves a little, whereas pre-Christmas shopping is generally more a selfless act.

“The ARA is looking forward to the official pre and post-Christmas sales results which will be released in the near future,” Mr Zimmerman said. 

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia. Visit www.retail.org.au or call 1300 368 041

-ends-  For interview opportunities with ARA Executive Director Russell Zimmerman call the ARA Media Line T: 0439 612 556 or E: media@retail.org.au

 

Roy Morgan Research figures – post-Christmas:

State

Post Xmas Actuals

(Billions)

Post Xmas Prediction

(Billions)

Predicted Growth

NSW

4393

4585

4.4%

VIC

3641

3784

3.9%

QLD

3055

3169

3.7%

WA

1789

1825

2.0%

SA

984

1027

4.4%

TAS

289

298

3.1%

NT

164

174

6.1%

ACT

268

278

3.7%

NATIONAL

14582 billion

15140 billion

3.8%

 

Category

Post Xmas Actuals

(Billions)

Post Xmas Prediction

(Billions)

Predicted Growth

FOOD

6006

6232

3.8%

HH GOODS

2466

2534

2.8%

APPAREL

1097

1140

3.9%

DEPARTMENT STORE

1034

1063

2.8%

OTHER RETAIL

2038

2111

3.6%

CAFES

1940

2060

6.2%

National

14582 billion

15140 billion

3.8%

 

Email to a friend Email to a friend
 
Asset 1 Asset 2 Asset 3