RETAIL PERFORMANCE DASHBOARD

$400b

value of retail economy

1.3m

Australians work in retail

$35b

retail spend Feb 23 +6.4%

9.4m

households shopped online in 2022

76.6

ANZ-Roy Morgan Consumer Confidence +0.1%

7.8%

inflation

36,400

retail job vacancies -27%

40%

retail trade covered by
net-zero commitments​

Seasonal Event Statistics

Valentine's Day

Australians were predicted to spend

$485 million

this Valentine's Day

+16.9% YOY

Source: Roy Morgan

 

Easter

Australians tipped to spend almost 

$1.7 billion

on hot cross buns, easter eggs or other special food for Easter in 2023

+14.5% YOY

Source: Roy Morgan

Mother's Day

Australians spent

$754 million

on Mother's Day gifts in 2022

Source: Roy Morgan

Halloween

1 in 4 Australians

celebrated Halloween in 2022, with spending forecasted to reach $430 million

Source: Roy Morgan

Black Friday / Cyber Monday

Black Friday weekend forecast to hit

$6.2 billion

in 2022

Source: Roy Morgan

 

Christmas

Pre-Christmas spending hits

$74.5 billion

+8.6% YOY

Source: Westpac DataX

Retail as a Career

As the second largest employer in the country, the retail sector accounts for nearly 9.7% of all current workers in Australia.

Employment within the retail industry has continued a steady growth, year-on-year, over the last 20 years, with nearly 1.4 million people currently employed within the sector and a projected increase of 4.3% (or 55,000) new jobs over the next five years.

By 2030, it’s predicted that soft skill intensive occupations will make up almost two thirds of the workforce, with demand for soft skills exceeding supply by up to 45%.

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