Retail Sales Turn The Corner

0
min read
,
,
Retail Express
February 7, 2024
Aaron Blackman
,
CEO & Founder
,
Retail Express
February 7, 2024

Table of contents

Australia's retail sector finished the 2013-14 financial year strongly, recovering in June from a post-federal budget downturn. Australian Retail Index (ARI) figures released showed steady growth of 4.1% in June. BDO's National Retail Lead Partner Simon Scalzo said shoppers were quick to forget their budget concerns and return with confidence. “This increased activity coincided with the launch of the midyear stocktake sales period, with sales up 18.4% per cent in the last two weeks of June,” Mr Scalzo said. However, if history is anything to go by, retailers should expect activity to be short lived over the remaining cooler months, with historic consumer confidence showing a dip in sales between August and October.“

According to the ARI, furniture & homewares retailers experienced the greatest stability across the financial year, thanks to the activity in the housing market, while those in fashion & accessories and other general retail experienced the greatest volatility. ”Retail Express CEO Aaron Blackman said retailers have continued to invest in their businesses over the last three months, with sales of software increasing steadily. “This is a great sign as it indicates a feeling of positivity from retailers,” Mr Blackman said. “Our retail clients typically see a decline in sales during the third quarter of each year, with the exception being winter-related businesses such as sporting goods. Sales generally begin to increase again around the September school holiday period.”

Visit www.retailexpress.com.au or call 1300 732 618.

Aaron Blackman is the CEO of Retail Express. Follow Aaron on Google+

The Australian Retail Index at www.australianretailindex.com.au provides week-by-week sales monitoring, across four key categories – fashion & accessories, furniture & homewares, sporting & recreational goods and other general retail.

Looking to fast track your growth with a smarter POS System? Contact the Retail Express team today on 1300 732 618.

Get the latest retail content in your inbox

Hot tips on inventory management, omni-channel, scaling store and more.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
We hate spam too, we’ll only send you relevant content.

We make switching to cloud POS easy

Our Retail Express onboarding and support team have all had professional experience as retailers and know the challenges you face. That's why it's our priority to ensure switching to our cloud-based POS software is easy.

  • Personal Support Manager: You'll have your own Australian-based Personal Success Manager who'll guide you through the process step-by-step. All costs included. They'll help format and import your data, get you up and running, guide you with your hardware and help with everything associated with set-up.
  • 5-Star ongoing support: Once you're set up, the support doesn't stop. We're renowned for our Australian-based customer support. Each of our experts has professional retail experience and knows the issues you face. Forget being palmed off to a help manual — you'll be individually cared for until we fix your problem, every time.
  • Knowledge Base, Training Academy & webinars: You'll have access to a comprehensive Knowledge Base with all instructions, a video library, Training Academy and more.
Get a Demo
retail pos system

Watch our full free video series at Omni-Channel Leaders Academy

Discover the game-changing practices being used by leading retailers, in our library of short videos.

Highest Impact Marketing & Loyalty Campaigns
In-Store Experience Must-Do's to win more sales
ROI-driven eCommerce Plays to increase revenue
Critical Inventory and Fulfilment Strategies
Watch the FREE videos

Suggested reading