Despite a strong start earlier in the year, the retail industry has tumbled by 0.4 per cent in March.
Retail trade is starting to pick up with the latest ABS retail trade figures reveals.
The retail turnover figures for November have been described by retailers as disappointing.
A rate cut is now more crucial than ever for retailers with the ABS retail trade figures showing that Australian retail turnover was flat in October.
The 0.5 per cent retail turnover rise in September has been warmly welcomed by retailers.
The ABS trade figures show that while brighter trade results of 1.2 per cent were achieved in June, they have flatlined in July with turnover falling 0.8 per cent, seasonally adjusted
The latest ABS retail trade figures show that retail turnover rose 1 per cent in June 2012, seasonally adjusted, following a rise of 0.8 per cent in May 2012.
Signs of improvements are showing after the Australian Bureau of Statistics retail trade figures show that Australian retail turnover rose 0.9 per cent in March 2012.
The largest contributor to the rise was other retailing (1.8 per cent), which includes online retailers, followed by food retailing (0.3 per cent) and department stores (0.7 per cent).
The rise was driven by cafes, restaurants and catering services, which is a subgroup of cafes, restaurants and takeaway food services.
There was a surge in mobile shopping during Christmas, according to the January Getprice online shopping index traffic.
Following a 0.1 per cent rise in November 2011, the ABS has reported that retail trade figures for December, the most crucial month of trading, fell 0.1 per cent.
Following a 0.4 per cent rise the previous month, the latest ABS retail trade figures show that retail turnover rose 0.2 per cent in October.
The industry turnover was highly affected by the turnover of department stores which fell -3.2 per cent.
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.3 per cent in September 2010.
The latest ABS Retail Trade figures show that retail sales increased 0.3 per cent in August.
After reporting on the latest Australian Bureau of Statistics Retail Trade figures, retailbiz was able to catch up with ARA executive director Russell Zimmerman.