Christmas hope jolted by September retail turnover rising 0.8{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}

The ABS Retail Trade figures for September 2013 showed the Australian retail turnover rose 0.8 per cent, seasonally adjusted, following a 0.5 per cent rise in the previous year.
This turnover was driven mainly by an increase in sales in department stores (2.8 per cent), clothing, footwear and personal accessory retailing (2.5 per cent) and other retailing (1.6 per cent), as well as cafes, restaurants and takeaway food services (0.6 per cent) and food retailing (0.4 per cent). The only struggling category for September was household good retailing (-0.4 per cent). Over the longer term, clothing, footwear and personal accessory retailing is the strongest contributor to growth (up 1.3 per cent in trend terms). RetailBiz – Read more…..