Retail trade sales decreased by 2.5% year-on-year in June, mainly dragged lower by general dealers, new data from StatsSA showed on Wednesday (17 August).
trade sales decreased by 2.5% year-on-year in June, mainly dragged lower by general dealers, new data from StatsSA showed on Wednesday .General dealers ; andThe largest negative contributors to this decrease were:The largest positive contributor was retailers in textiles, clothing, footwear and leather goods, contributing 0.8 of a percentage point, said StatsSA.
“The slow growth in real retail sales reflects a recent acceleration in retail price inflation, most notably – but not only – in the specialised food, beverage and tobacco category of retailers as well as in the general dealers category , the latter retail category where much of the general food and grocery retail is found.
Larger regional centre categories may ultimately be at a relative disadvantage compared to many neighbourhood and convenience centres in this regard, because they do often have a greater focus on clothing and footwear, fashion, and entertainment of various types along with household furniture and appliances retail, all of which can be quite cyclical and experience pressure in tougher times, Loos said.
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