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Melbourne : Retail suburban strips - September 2015

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Melbourne : Retail suburban strips - September 2015

Victorian retail trade rose by 4.4% year-onyear as at July 2015; down from the 6.6% growth recorded in the previous year. However, Victorian retail growth has been trending above the national average since beginning of the year. While all retail trade sectors in Victoria posted a positive Y-o-Y growth, Clothing & Footwear retail sales grew by 5.4% up from -0.8%, a year ago. Whilst spending at Cafes & Restaurants grew by 2.6%, this growth was lower than the 13.8% rise achieved a year ago. Personal Goods retailing increased by 3.5% driven by the Pharmaceutical and Cosmetics sub-sectors.

Source : Knight Frank


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