All retail sectors are feeling the boost of changing seasons and summer trade kicking in this October with an overall growth of over 27 per cent across the board compared with last month.
This comes a major relief as September saw a slump for most sectors with Furniture being the greatest hit with a drop of 4 per cent last month compared with last year. Sporting was the winner last month and displayed continual improvement in October with 24 per cent growth on it’s well performing month of September.
Sporting leads the way
Across Australia, all verticals experienced a positive upward trend with Sporting leading the way at over 28 per cent growth compared with the same period last year. Fitness and sporting stores including, bike, surfing and fishing stores were all big winners as the change in weather pushed Australians to the outdoors.
October 2016 VS October 2015
All sectors on the rise
Furniture was close behind with 23 per cent growth far exceeding it’s performance last month.
A fairly similar trend was seen across each and every state with Fashion trumping all other sectors bringing home over 30 per cent growth in Victoria.
The fast approaching Christmas season has the Australian consumer preparing early for December this year as the tell tale decorations take their place in department stores across the nation.
Written by Aaron Blackman CEO of Retail Express. Retail data drawn from the AustralianRetailIndex.com.au.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
