Friday, August 2, 2019

Retail sales climb but department store ' retail recession' endures

Retailers saw a pick up in sales in June across most categories and in most states, however department stores continue to suffer from the online onslaught. 

Sales rose 0.4 per cent in June, marginally ahead of market expectations. 

ABC's Peter Ryan says the data reflects consumer behaviour in the month after the first of the Reserve Bank rate cuts, but before the second in July and the arrival of tax cuts via people's tax returns.

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