Retail hits a hurdle

Retail hits a hurdle

Run of three positive months of sales growth halted with June figures, but good news when compared to June 2008

After three months of growth, retail took a hit in June, dropping 1.4 per cent.

According to the Bureau of Statistics, after an increase of one per cent in May, 0.3 per cent in April and 2.2 per cent in March, all retail segments except for household goods (which had an increase of 2.9 per cent) suffered a sales drop in June.

The biggest losers were department stores (-8.8 per cent) and clothing and soft good retailing (-7.4 per cent), and, with the exception of NSW (which increased by 0.1 per cent), all states likewise fell away.

There does, however, appear to be a silver lining: Australian turnover increased by 7.9 per cent in June 2009 compared with June 2008 – a substantial jump. Looking at those statistics, chains and other large retailers' performance increased by 9.2 per cent on last year. The estimated growth for 'smaller' retailers was 5.7 per cent.

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Tags retailABSAustralian Bureau of Statistics


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