Christmas sales numbers show growth
The Australian Retailers Association reports steady growth for retailers over Christmas, with a three percent growth (seasonally adjusted) in the retail trade figures released by the ABS.
ARA Executive Director, Russell Zimmerman, said this steady growth compliments the three percent year-on year growth in November 2016 as many families across Australia started purchasing their Christmas gifts early.
“This moderate growth in December sales is a positive sign for the industry and we remain hopeful that the ARA and Roy Morgan predicted pre-Christmas sales figure of $48.1 billion will be achieved once we finalise the numbers,” he says.
Several categories saw a significant surge over the Christmas period, including clothing, footwear and personal accessories.