With retail sales growth at anaemic levels and stores continuing to close in our shopping centres and street malls, elements of the media dubbed it the “retail apocalypse”.
Between February and November 2020, monthly retail sales turnover rose by an enormous 13.3 per cent. Prior to the pandemic this was a level of growth that existed only in the wildest dreams of the most optimistic retailers.Source:Supplied Instead of households spending their money on services such as travel or trips to the cinema, all this cash went directly into spending on retail goods. As a result, some of the nation’s biggest retailers saw sales skyrocket to record highs.that nothing in 60 years has been as good as the current retail environment.
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