Business
Retail sales rose 7% in November to boost ASX retail shares
Australian retail turnover rose 7.1% in November 2020, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.
The rise was led by Victoria, which saw its retail sales surge by 22.4% as Melbourne retail stores were able to trade for a full month in November. Excluding Victoria, turnover increased 2.6%.
ASX retail shares have largely reported upbeat earnings, especially in the months of November and December. Here are the industries and ASX retail shares that have benefitted from improved retail conditions.
Industry level breakdown
At the industry level, clothing, footwear and personal accessory retailing jumped by 26.7%.
Coinciding with the strong performance for this…
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