Retail sales smash forecasts as shoppers splurge on EOFY

Retail sales smash forecasts as shoppers splurge on EOFY

Australian retail turnover has smashed forecasts in June as shoppers splurged on end-of-financial-year bargains. Here’s what they snapped up..

Sales boost spending in June

Australian retail turnover rose 1.2% in June, according to figures released today by the Australian Bureau of Statistics (ABS).  This follows a rise of 0.5% in May after a flat April. Year on year, sales increased 4.9%. “The strong June month rise in retail turnover was driven by discounts linked to sales and new product releases,” says ABS Head of Business Statistics Robert Ewing. “After steady growth throughout the year, mid-year sales events …

Australian retail turnover sees 1.2% growth in June 2025

The Australian Bureau of Statistics (ABS) has reported a 1.2% increase in retail turnover for June 2025, seasonally adjusted.The post Australian retail turnover sees 1.2% growth in June 2025 appeared first on Retail Insight Network.

ASX retail shares outperform on Thursday amid a 'sales surge' in June

The S&P/ASX All Ordinaries Index (ASX: XAO) closed lower on Thursday while consumer discretionary shares stormed higher. The consumer discretionary sector was the second-best performer among the 11 market sectors on Thursday, behind technology. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) rose 1.11% while the S&P/ASX 200 Info Tech Index (ASX: XIJ) rose 1.34%. Meanwhile, the ASX All Ords finished the session down 0.18% to 8,999 points.…

June retail sales outperformed expectations

Australian retail sales rose 1.2 per cent from May to June, a higher-than-anticipated increase, according to data released by the Australian Bureau of Statistics (ABS).

channelnews : EOFY Sales Lift June Retail Figures, But Margin Pressures Remain

Australian department stores and household goods retailers were among the biggest winners in June as end-of-financial-year (EOFY) sales lifted national retail turnover by 4.9% year-on-year. Department store spending climbed 5.9% to $1.99 billion, while household goods retailing – including furniture and appliances – rose 5.6% to $6.13 billion, according to data from the Australian Bureau...