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Retail sales remain flat

Inside Retail presents the Australian Retail Index.

The index gives a quick overview of retail statistics in four key categories; fashion and accessories, furniture and homewares, sporting and recreational, and other.

Key retail statistics are shown weekly, with yearly comparisons available.

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Retail sales across the country remained flat last week, posting a very slight increase of just 0.52 per cent from the previous week. As modest as this figure is, it shouldn’t come as a surprise, as the same week in 2014 saw a very similar figure of -0.44 per cent.

The first week of spring didn’t bring the spending lift fashion retailers were hoping for, with the Index recording a drop in this sector of 2.85 per cent on the previous week. The furniture and homewares and sporting sectors also took a hit, dropping 5.19 per cent and 1.68 per cent respectively. All in all, a fairly negative week for retailers – here’s hoping the warmer weather helps unlock the retailer spending we have been expecting at this time of year.

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