Business

Retail figures show retail hurt

Over the longer term, department stores remained the weakest performing industry, down 0.5% in the past year; while cafes, restaurants and takeaway food outlets were up 0.8% in the same period.
Over the longer term, department stores remained the weakest performing industry, down 0.5% in the past year; while cafes, restaurants and takeaway food outlets were up 0.8% in the same period. © iStockphoto.com/Izabela Habur

PEOPLE have been leaving department stores to spend more at cafes and restaurants, figures from the Australian Bureau of Statistics revealed.

The latest retail trade figures showed turnover fell 0.8% in July, after 1.2% growth the previous month.

Much of the fall was driven by a fall in spending in department stores, down by 10.2%, followed by other retailing, down 2.8%, and clothing, footwear and personal accessories, down 0.9%.

Over the longer term, department stores remained the weakest performing industry, down 0.5% in the past year; while cafes, restaurants and takeaway food outlets were up 0.8% in the same period.

Retail turnover fell in all states and territories except Western Australia.

Turnover was down 1.1% in Queensland, down 0.8% in New South Wales, while Western Australia was up 0.5% in trend terms.

Topics:  abs, consumer spending, economy



Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

IS IT POSSIBLE? How to live alongside flying-foxes

A vexed questionof living with flying foxes will be discussed this Friday at the NPA forum.

THE conflict between urbanites and wildlife has a new battleground

Snapped: Tweed Valley morning mist and alpaca love

MORNING MIST: This serene image of the Tweed Valley was captured by Pottsville reader Richard Todd on an early morning drive.

Snapped: Morning mist and alpaca love

Tribute from one John to another

IN MEMORY: Australian actor/musician John Waters and esteemed singer/pianist Stewart D’Arrietta will bring Lennon: Through a Glass Onion to Twin Towns Services Club in June.

John Waters pays tribute to Lennon's legacy

Latest deals and offers

Barnaby Joyce talks Johnny Depp's dogs in Tweed

Deputy Prime Minister Barnaby Joyce talks about Johnny Depp's dogs Pistol and Boo...

Road rage caught on Dashcam

Attack with a baseball bat caught on Dashcam

Video of a violent road rage incident in Orange last December.

Malcolm Turnbull and Barnaby Joyce tour Rockhampton sweet potato farm

Prime Minister Malcolm Turnbull and Deputy Prime Minister Barnaby Joyce visit a...

Perfect time to invest in Northern Rivers property

The Northern Rivers rental market is tighter than Sydney making it the perfect time for investors to get better returns out of property than superannuation or banks deposits.

Low interest rates and tight rental market are prime time to invest