RETAIL PERFORMANCE DASHBOARD

$420b

value of retail economy

1.3m

Australians work in retail

$35.8b

retail spend Feb 2024 +1.6% YoY

9.52m

households received a parcel in 2023 +1.4% YoY

83.1

consumer confidence February 2024 -0.9pts from January 2024

3.4%

monthly CPI indicator rose 3.4% in the 12 months to January 2024

37,200

vacancies across the retail sector in November 2023 -3.8%

~40%

retail trade covered by net-zero commitments

Seasonal Event Statistics

Valentine's Day

Australians predicted to spend

$465 million

for Valentine's Day in 2024

Source: Roy Morgan

Easter

Australians spent

$8.1 billion

over the week of Easter in 2023 +4.5% YOY

Source: Westpac DataX

Mother's Day

Australians set to spend

$925 million

on Mother's Day gifts in 2023

Source: Roy Morgan

 

EOFY

Aussies tipped to spend

$9.3 billion

on mid-year/EOFY sales in 2023 (+$500m from 2022)

Source: Roy Morgan

Father's Day

Australians set to splash out 

$860 million

on Father's Day gifts in 2023

Source: Roy Morgan

Halloween

Halloween spending forecast to reach

$490 million

in 2023 (+14% on 2022)

Source: Roy Morgan

Black Friday / Cyber Monday

Black Friday weekend forecast to hit

$6.36 billion

in 2023

Source: Roy Morgan

 

Christmas

Pre-Christmas spending forecast to hit

$67.1 billion

in 2023 +0.6% on last year

Source: Roy Morgan

Boxing Day

Australians set to splurge

$1.25 billion

in a Boxing Day bonanza in 2023 +1.6% on last year

Source: Roy Morgan