While all retailers suffered in April, discretionary products endured double-digit falls in turnover, according to the australian's EliGreenblat
While all retailers suffered in April, discretionary products endured double-digit falls in turnover, according to The Australian’s Business Reporter, Eli Greenblat. Preliminary figures from the Australian Bureau of Statistics show an enormous 17.9 per cent drop in retail turnover, which is the steepest monthly fall on record as shoppers continue to be cautious due to the global pandemic.
“Fashion and apparel, they certainly had 20, 30 per cent, certainly double digit falls in their sales,” he said. Yes, a lot of them had a large increase in online sales, some of them reported 100 per cent increase in online sales, but that’s from a small base." "Although there was a large increase in online sales, it wasn’t enough to counter the large falls in sales in all their stores.”
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