Black Friday boosts November retail spend

13 January, 2019, 03:58 | Author: Regina Silva
  • Shoppers at department store Metro’s Paragon outlet on Black Friday on Nov 23 2018

"Both of these industries were impacted by strong promotional activity in the November month, including Black Friday sales."

In a sign of the times, a string of Australian retailers have gone under recently including Marcs, Pumpkin Patch, Payless Shoes and Roger David while department store Myer has been struggling to turn around.

It was certainly a significant jump compared to the same period previous year (November 2017), when online sales were 5.5 per cent of total turnover.

The trend estimate for Australian retail turnover rose 0.2 per cent in November 2018, following a 0.2 percent rise in October 2018.

Sales at petrol service stations increased 3.1 per cent as a result of higher petrol prices, but recorded a small decline of 0.7 per cent in sales volume after removing the price effect.

As expected, there was a significant rise in online sales, contributing 6.6 per cent to total retail turnover in November.

For the month of November, household goods retailing spiked 1.2% [seasonally adjusted], with electrical and electronic goods retailing jumping 3.3%.

A Huawei employee was arrested in Poland for espionage
Huawei has always maintained that, as a privately owned and operated firm, it does not pose a special security risk. New Zealand, Australia and the U.S. have barred Huawei from involvement in their next-generation 5G mobile networks.


Chris Jericho Wouldn't Have Signed With AEW Without A TV Deal
Not only are they giving him a great salary, but he is able to work in both New Japan Pro Wrestling along with his Cruise. And your guy in WWE making a decent living but thinks they can do better now goes, 'Wow, If Jericho can go there.


Sevilla Officially Confirm Agreement With Barcelona Over Transfer of Munir El Haddadi
The 23-year-old leaves Barcelona after five seasons at the club, and with 12 goals in his 56 appearances for the side. But for Sevilla , while the Chelsea forward has been a player that interested them, he was not the first option.


While the November retail sales growth of 0.4 per cent was decent, it was substantially lower than the same period past year.

By state and territory, the ABS said that after falling heavily in the prior two months, sales in New South Wales, Australia's most populous state, rose strongly, increasing by 0.8%.

Even after motor vehicles were taken out of the picture, sales were still down by 0.2 per cent.

Turnover also increased by 0.6%, 0.4% and 0.1% respectively in Western Australia, Queensland and Victoria, offsetting declines of 0.9% and 0.2% respectively in the Northern Territory and Tasmania.

While, on the surface, the November result was reasonable, the key question now is whether the boost provided by sales late in the month brought forward spending that would normally be seen in December?

Better-than-expected results stem from Black Friday and Click Frenzy sales, with household goods and clothing amongst the most in demand segments. Research from Criteo that was released well before Christmas also suggested that consumers would start making purchase decisions as early as October, ready to process their online transactions during November's online sales events.

Recommended:

  • Wisconsin murder and abduction suspect laid low in a rural cabin

    Wisconsin murder and abduction suspect laid low in a rural cabin

    A 21-year-old man is suspected of killing her parents in October at their home in Barron, Wisconsin , then kidnapping the teen. She said they stole things and spent time in foster care. "He didn't know Jayme, he didn't know Denise or Jim", Naiberg said.
    SpaceX launches final 10 satellites for Iridium

    SpaceX launches final 10 satellites for Iridium

    The SpaceX Falcon rocket is carrying the final Iridium mission for the year, sending the Iridium NEXT satellites 66-75 into orbit. While the Falcon 9 booster returned to Earth, the second stage and its payload pressed on to orbit.

    Newly-discovered exoplanet twice the size of Earth could have water

    Finding planets isn't as easy as sending up a satellite though, it also requires some detective work by researchers back on Earth. The brighter star is about half as massive and large as the Sun, while its companion is about one-third the Sun's mass and size.
  • Female Opioid Deaths Rapidly Rising, According to CDC

    Female Opioid Deaths Rapidly Rising, According to CDC

    The CDC found that the average age of women dying from all overdoses increased almost 3 years-from 43.5 in 1999 to 46.3 in 2017. He added that women's sex hormones make them more sensitive to the effects of some drugs such as opiates and benzodiazepines.
    Meghan supports women and animals with first royal patronages

    Meghan supports women and animals with first royal patronages

    Former actress Meghan turned stylist for the visit and helped to select clothes for one of the charity's clients, Patsy Wardally . The Duchess of Sussex's royal patronages have been announced and they include two organisations that the Queen once looked over.
    Apple cuts revenue over poor sales of iphone in China

    Apple cuts revenue over poor sales of iphone in China

    Asian suppliers' stocks also fell , as did shares of Samsung. iPhones are some of the most compact smartphones on the market. China's "economy began to slow there for the second half", Cook said during an interview with CNBC on Wednesday afternoon.
  • Steve Smith’s worldwide  comeback to be derailed by elbow surgery

    Steve Smith’s worldwide comeback to be derailed by elbow surgery

    Smith was asked to return home from Bangladesh where he was playing in Bangladesh Premier League after he felt discomfort while batting.
    SpaceX is trimming back 10 percent of its workforce in strategic realignment

    SpaceX is trimming back 10 percent of its workforce in strategic realignment

    According to The Wall Street Journal , the company planned to raise $500 million in funding, pushing its value to $30.5 billion. Founded by Musk , SpaceX makes most of its money from multibillion dollar contracts with NASA and satellite launches.
    Barcelona could sell Philippe Coutinho in order to bring Neymar back

    Barcelona could sell Philippe Coutinho in order to bring Neymar back

    It has been just over one year since Philippe Coutinho arrived at Barcelona from Liverpool for 120 million euros, plus another 40 million in variables, making him the club's most expensive signing.
  • Julian Castro to announce 2020 presidential campaign decision

    Julian Castro to announce 2020 presidential campaign decision

    Castro, 44, also served as the mayor of San Antonio , Texas from 2009 until he joined Obama's cabinet in 2014. My story wouldn't be possible without the strong women who came before me and passed me the baton.
    Firefox Reality is now the default browser on HTC Vive Headsets

    Firefox Reality is now the default browser on HTC Vive Headsets

    If you own an all-in-one headset using Vive Wave, you can install Firefox Reality by searching for it in the Viveport store. While this isn't necessarily new to the HTC Vive , eye tracking is now a core feature with full, official support.
    Cadillac will become lead EV brand at GM, challenge Tesla

    Cadillac will become lead EV brand at GM, challenge Tesla

    However, there is also a major opportunity for Cadillac here in the United States given the recent strong performance of Tesla. Alongside its bullish guidance, GM said it would use its Cadillac brand to compete with Tesla in the electric-vehcle market.


Popular

Steve Buscemi's Wife Jo Andres Has Passed Away At 65
Buscemi's Big Lebowski co-star, John Turturro, stopped by the home to offer support and Sopranos star, Aida Turturro, paid a visit.

CNN's Don Lemon: GOP Emboldened Steve King To Use White Nationalist Rhetoric
It seems insane to think that in 2019, a US congressperson would be extolling the virtues of white supremacy, but here's Rep. House Republican Conference Chair Liz Cheney called the language "abhorrent and racist".

California Rookie Police Officer Fatally Shot 2 Weeks After Being Sworn In
Witnesses said the gunman, whose name has not been released, rode on a bicycle and shot Corona, who fell to the ground. Davis Police Officer Natalie Corona was shot after responding alone to a traffic accident shortly before 7 p.m.

Liverpool desperate to sign Burnley star James Tarkowski for injured Lovren
But if either Tom Heaton , Joe Hart or Nick Pope wanted to leave on loan, the Clarets boss would at least discuss their situation. Though now apparently third choice, Dyche insisted 31-year-old Hart is not upset by the sudden change in circumstances.

PC shipments fell throughout 2018
In brief: Research firms Gartner and IDC have released figures showing the state of PC sales last year-and it's not good news. Also weighing on the market were political and economic uncertainties among small- and midsize businesses.

Hue Jackson fired by Cincinnati Bengals
Taylor's Rams are still in the playoffs and face off with the Cowboys on Saturday in the NFC Divisional Round. In Arizona, the team was able to pry away Kliff Kingsbury from USC and made him head coach at age 39.

Moscow's Court Receives Appeal Against Suspected Spy Whelan's Arrest
The date of its consideration is not fixed yet, as the complaint needs to be translated into Whelan's native language. A 2007 online Marine Corps article says he spent the leave "experiencing the post-Soviet era of Moscow and St.

Gwyneth Paltrow's ex-husband came along on her honeymoon
While speaking during a Cannes Lions discussion with Stephen Sakur, she said: "My children know that we're in a loving family". Gwyneth explained: 'We just took our honeymoon in the Maldives and we had a big family honeymoon over Christmas.

Manny Pacquiao's translator goes on X-rated rant against Adrien Broner
Fernandez kept on telling Pacquiao not to forget to duck and weave past Broner as soon as he throws a combination. Pacquiao looked good in his brief in-ring workout Wednesday, pounding Roach's ribcage while working the mitts.

Langer in tense exchange with reporter amid Maxwell questions
While he is still a part of the Australian ODI team but he has been constantly overlooked for Test selection. After two rounds of this, Langer was asked who gave the directive to which he replied: "Did it happen?".