Business
Retail trade slumps despite Christmas sales – NEWS.com.au
Retail trade slumps despite Christmas sales
Retail turnover in December fell compared to the prior month despite the Christmas season traditionally being a sales sugar hit for traders. Latest figures from the Australian Bureau of Statistics has revealed retail turnover fell 4.2 per cent compared to November, partly driven by new COVID-19 restrictions after Sydney’s northern beaches cluster halting food spending.
“Food retailing also fell in December, as COVID-19 restrictions limited household gatherings in some states and territories,” the…
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