Rocky quarter for small retailers

 In Australia, NewZealand

Retail sales results for March, released yesterday by the Australian Bureau of Statistics, indicate independent retailers have benefited little from more positive consumer trends during the first quarter of the year.
According to the ‘sample’ component of the ABS retail measurement, meaning the part of retail activity that is not attributable to retail chains, independents have experienced two successive months of negative year-over-year growth: -0.7 per cent in March on top of -0.4 per cent in February. For the first quarter of the year sales were up by a razor-thin 0.8{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}, meaning that in real terms they have fallen.
Meanwhile, sales for retail chains have risen by 3.7 per cent for the quarter, lifted by 4.2 per cent growth in the month of March.  Sydney Morning Herald – Read more…

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