Business
Retail spending surges, latest turnover figures reveal – NEWS.com.au
Retail spending surges, latest turnover figures reveal
Australias retail trading conditions rebounded last month as a fully opened Victoria and record sales from Black Friday helped provide a spending sugar hit to a sector that has struggled for the best part of 2020. Latest figures from the Australian Bureau of Statistics shows retail turnover for November shot up 7 per cent compared to the prior month, with large national rises in clothing, footwear and department store sales.
The surge of more than $2bn in turnover over the month follows on from…
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