Originally Posted by
winner69
Seems like clothing retailers did it really tough during recent Oz lockdowns.
From the ARA commenting on that Roy Morgan data
The Roy Morgan data also values (for the first time) the impact of the most recent lockdowns on retail trade at $131 million per day across the economy.
“Unsurprisingly, these impacts have been most keenly felt in NSW and Victoria, at $40.4 million and $55.2 million per day respectively. And it’s also unsurprising that the most impacted categories were hospitality and clothing, footwear and accessories, at $71.7 million and $55.7 million per day respectively,” Mr Zahra said.
“These impacts will continue to weigh on annual growth in retail trade and will be compounded by the reduction Government stimulus payments and the end of 'mortgage holidays' for tens of thousands of Australians in coming months. We also have to remember that the sector is cycling some very high numbers off the back of a bumper Christmas last year.
“Overall though, the outlook is positive in the lead-up to Christmas and there’s a lot to be cheerful about in this years’ predictions.
No worries though ….Glassons would have and will continue to grow share ….and the outlook is good
Record HLG result in F22 I reckon