Retail Sales Miss Forecasts, Department Stores Flat
The ABS claims retail turnover jumped 0.2% in September, missing economist forecasts for a 0.3% lift. The results saw a minor spike... Read More
Roy Morgan Claims “Real” Unemployment 11%, Two-Year High
Roy Morgan has refuted the Australian Bureau of Statistics unemployment results, asserting “real” unemployment notched 11% in August, almost twice the announced... Read More
Retail Sales Beat Forecasts For Third Straight Month
Australian retail sales have jumped 0.4% in June [seasonally adjusted], beating analysts expectations [0.3%] for the third consecutive month. Following results, the Australian... Read More
New Home Sales Post First Growth In June
Latest numbers reveal local new home sales jumped 2% in June – the first monthly growth to occur this year. Despite the... Read More
Oz Businesses Rake In $394 Billion In Online Income
The ABS’ latest numbers reveal local businesses collected a combined $394.3 billion in ‘internet income’ for the year ending June 30th 2017... Read More
Online Retail Spending Jumps As Traditional Store Sales Droop
Electrical and electronic goods retailing across Australia experienced a small downturn in April while most other household goods trading rose, according to the... Read More
April Retail Sales Rebound, Beat Forecasts
Australian retail sales rebounded in April, jumping 0.4% to $26.56 billion [seasonally adjusted] – beating expectations for a 0.2% – 0.3% lift. Improved... Read More
March Retail Sales Fall Flat
Latest research from the ABS reveals retail sales in March fell flat, remaining unchanged from February’s increase of 0.6%. The results fall... Read More
ABS: Retailers Hurt By Discount Pricing & Online Sales
The ABS’ Q3 CPI report reveals Aussie retailers have been hurt by fierce discount pricing and booming e-commerce – the adverse effects have only been enhanced by falling disposable income.... Read More
JB Hi-Fi Shares Slump 10% After The Good Guys Woes
Shares in JB Hi-Fi have dived 10% on market open, after the retailer slashed its fiscal year 2018 profit outlook, following weak quarterly performance from The... Read More