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PROFILE - AUSTRALIA'S RETAILING INDUSTRY (OCT 2002).
Publication: AsiaPulse News Publication Date: 31-OCT-02 |
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COPYRIGHT 2002 Asia Pulse Pty Ltd
By Bernard Lim
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A PROFILE OF AUSTRALIA'S RETAILING INDUSTRY
PREPARED BY ASIA PULSE ANALYSTS (UPDATED OCT 2002)
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OVERVIEW:
A domestic slowdown in the Australian retail sector may be on the way after a feeble peformance over the last two months, according to economists.
Australian retail trade edged up 0.2 per cent, seasonally adjusted, in August after a 0.2 per cent fall in the previous month, underpinned by a rise in department store sales.
In August, department store sales were up four per cent after a 12 per cent slide in July.
Other positive factors included a 4.3 per cent increase in clothing and soft good retailing and a 4.1...
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