This week we’re excited to launch the 2023 ARA Retail Insights Report – our annual overview of the retail outlook.
The way the retail sector is perceived, and its public profile is essential to our long-term success. From government advocacy to career choices and customer preferences, quality data and insights form the cornerstone of conversations and decisions about our industry.
This year’s edition boasts a total of 16 truly expert commentators, weighing in on current and future trends and expectations for the industry.
And for the first time, our Digital Dashboard will launch – featuring a continuously updated display of all the key retail statistics. This promises to be a great way to stay in touch with our industry’s vital statistics.
The Australian Bureau of Statistics’ January retail trade data revealed solid year-on-year growth for retail sales in January 2023 – an increase of 7.5% on the same time the previous year.
Shoppers celebrated the New Year in their stride, spending more than $35 billion across the country. There were significant year-on-year sales increases for cafes, restaurants, and takeaway (up 26.3%), department stores (up 16.6 %) and clothing, footwear and accessories (up 17.5%).
While we’re aware that challenging times lie ahead, retailers can be proud of these results given the current economic landscape.
