AUS
NZ
UK
CA
USA
IND
_07_12_2023_11_05_52_936360.jpg)
Highlights
- Lockdowns have been reinstated across Australia due to the Delta outbreak, which erupted in June this year, notably in NSW and Victoria.
- According to the Australian Bureau of Statistics, retail sales volumes in Australia plummeted by a record 4.4 % in the September quarter of 2021.
- Retailers are increasingly optimistic about the upcoming Christmas season sale.
The Corona outbreak has wreaked havoc on Australian retail sales. Lockdowns have been reinstated across Australia due to the Delta outbreak, which erupted in June this year, notably in NSW and Victoria. As a result, stores have closed and online sales have surged. As a result, the ABS reports that this is the biggest quarterly decline in sales volumes ever recorded.
According to the Australian Bureau of Statistics, retail sales volumes in Australia plummeted by a record 4.4 % in the September quarter of 2021.
Ben James, the director of Quarterly Economy Wide Statistics, remarked:
.png)
Related Article: COVID-19 lockdowns hurt Australia retail sales, AU$1.9 billion wiped off in one month
How has the Online Boom affected Australian states?
Online shopping simplified lives, allowing everyone to order items with just a few finger taps. Online sales have risen exponentially during the lockdown. More Australians could buy their essentials online while sitting at one place in a room. In addition, there was no risk of being infected with the coronavirus because there was no need to go outside. As a result, online shopping has flourished in Australia, while retail sales have decreased.
Here's a breakdown of the retail sales declines in Australian states and territory in the September quarter.
|
States |
Retail Sales fall (%) |
|
New South Wales |
11.6 % |
|
Victoria |
4.5% |
|
Australian Capital Territory |
13.9 % |
Source: ABS Copyright © 2021 Kalkine Media
Related Article: Will Aussies sweeten the pot for retailers by shopping big time this Xmas?
Bottom line
Many businesses will be able to make up for a missed time as the coronavirus declines. Retailers are increasingly optimistic about the upcoming Christmas season sale.
Related Article: Retail trade picks up with reopening of the AU economy
