Australian retailers continue to flounder in 2019

Australian retailers continue to flounder in 2019

The beginning of 2019 has not shown any improvement for Australian retailers, clawing only a tiny bit of sales back during the first month of the year.

According to the January retail figures released by the Australian Bureau of Statistic (ABS) sales increased by just 0.1 per cent from December 2018.

This slight increase follows the disastrous results that came out in December 2018, where sales fell by 0.4 per cent.

The 0.1 per cent increase is also quite insignificant compared to the 0.5 per cent increase in sales Australia saw in November 2018.

Online retail continues to make up 5.6 per cent of total Australian retail, unchanged from December 2018.

At the same time last year online retail made up 4.7 per cent of total retail turnover.

The ABS notes that January's results were mixed, with rises in food retailing (by 0.3 per cent) and cafes, restaurants and takeaway services (by 0.3 per cent).

These rises were offset however by falls in department stores (by 2.1 per cent), clothing, footwear and accessories (by 0.3 per cent).

Household goods sales were relatively unchanged.

Looking around Australia there were rises in New South Wales (by 0.7 per cent), Victoria (by 0.1 per cent), Tasmania (by 0.4 per cent) and South Australia (by 0.1 per cent).

In Queensland, Western Australia, the Northern Territory, and the ACT sales all fell.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Financial services giant Macquarie Group's (ASX: MQG) bank...

Tritium charged down as administrators called in

Tritium charged down as administrators called in

Five months after attempting to turn its fortunes through jobs cuts...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

UniSuper pumps $623m into Macquarie green energy and climate fund

UniSuper pumps $623m into Macquarie green energy and climate fund

One of the nation’s largest super funds, UniSuper, has commit...