RETAIL UP

Written on the 2 June 2011

RETAIL UP

RETAIL trade in Queensland is recovering faster than the national average according to the latest ABS statistics - but don’t get too excited, it’s only increased by 1.8 per cent.

The figure is still the second highest growth rate in the country however, with only Victoria (2.8%) leading the sunshine state in the increase in retail spend.

The statistics for the month of April show $20.74 billion was spent in the retail sector across the country, reflecting a national average increase of 1.1 per cent.

The two star performers drove the figure up however, with Western Australia (0.6%), New South Wales (0.1%) and Tasmania (0.5%) all recording minimal increases.

Retailers in South Australia (-0.4%), the Australian Capital Territory (-0.6%) and the Northern Territory (-0.8%) appear to have experienced yet another painful month, with further drops in the state markets.

Nationally, turnover rose in food retailing (0.9%), ‘other’ retailing (2.0%), department stores (3.6%), household goods retailing (0.7%) and clothing, footwear and personal accessory retailing (1.2%).

Turnover fell in cafes, restaurants and takeaway food services (-0.3%).

The news isn’t good for the hospitality sector, but the overall retail industry will be boosted following a flat March (-0.3%).


Latest News

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

TECHNOLOGYONE OUTSTRIPS PROFIT EXPECTATIONS AS R&D SKYROCKETS

TECHNOLOGYONE (ASX: TNE) has surpassed market expectations to achieve a half-year profit after tax of $8.1 million, u...

CLASS ACTION FILED AGAINST SURFSTITCH AFTER ANOTHER EARNINGS WIPEOUT

AS ONLINE retailer SurfStitch (ASX: SRF) battles for survival following another negative earnings forecast, a $100 mi...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

Related News

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trad...

APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

THE PROPOSED $1.6 billion merger between Australia's two largest advertising groups, APN (ASX: APO) and oOh!me...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter