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As COVID-19 lockdowns lifted all across the nation, Australian spending tracked 20 per cent higher than the corresponding week of 2019, according to

Retail sales rose 7% in November to boost ASX retail shares Lina Lim | January 12, 2021 5:19pm | More on: Image source: Getty Images The rise was led by Victoria, which saw its retail sales surge by 22.4% as Melbourne retail stores were able to trade for a full month in November. Excluding Victoria, turnover increased 2.6%.  ASX retail shares have largely reported upbeat earnings, especially in the months of November and December. Here are the industries and ASX retail shares that have benefitted from improved retail conditions.  Industry level breakdown  Coinciding w...

Date Time Retail sales rose 7.1% in November: Australia Australian retail turnover rose 7.1 per cent in November 2020, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This updates the preliminary result of 7.0 per cent, and follows a rise of 1.4 per cent in October 2020. Ben James, Director of Quarterly Economy Wide Surveys, said: “The rise is led by Victoria (22.4 per cent) as Melbourne retail stores were able to trade for a full month in November. Excluding Victoria, turnover rose 2.6 per cent.” Other states and territories to rec...