Retail sales have been boosted by record Christmas and Boxing Day trading to mark 16 consecutive months of year-on-year growth in December 2022 – a strong increase of 7.5% on
Australian retail sales increased 1.7% in December compared to the same time last year, according to the latest Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment.
Most retail categories continued to show sales growth year on year. Apparel (up 6.7%) and Groceries (up 6.6%) reported the biggest increase in trade in December. Lodging also saw gains (up 4.1%), followed by Electronics (up 3.5%). There were year-on-year falls for Home Furnishings (down 2.4%) and Fuel and Convenience (down 4.1%).
Australian retail sales increased 5% in November compared to the same time last year, according to the latest Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment.
Most retail categories continued to record significant year on year sales growth as we cycle the impact of the 2021 Omicron wave. Lodging recorded the biggest increase in trade in November, up 21% compared to 12 months prior, followed by Grocery (up 10.3%), Restaurants (up 8.9%), Apparel (up 8.6%), Fuel and Convenience (up 4.8%) and Electronics (up 2.6%). There were year-on-year falls for Home Furnishings (down 4.1%) and Jewellery (down 1.2%) off an elevated level of sales in the previous year due to the pandemic.
The Black Friday sales are set to provide retailers with strong results in the lead up to Christmas with research from the Australian Retailers Association in collaboration with Roy Morgan
The Black Friday sales are set to provide retailers with strong results in the lead up to Christmas with research from the Australian Retailers Association (ARA) in collaboration with Roy Morgan forecasting sales to reach a record $6.2 billion over the four-day Black Friday/Cyber Monday weekend (Friday 25 November to Monday 28 November 2022).
Australian retail sales reached their highest levels on record, with March trade increasing 9.4% compared to the same time last year and increasing 1.6% compared to the previous month, according
Australian retail sales are up 4.8% in December 2021 compared to the same time in the previous year, and increased 15.1% compared to 2019, according to figures released today from
New research has revealed that 66% of Aussies who have shopped Black Friday and Cyber Monday sales are increasing the volume of their orders each year, and 75% have said
