ASSESSMENT FOR DIPLOMA IN MARKETING AND COMMUNICATION IN -INTERPRETING MARKET TREND AND DEVELOPMENTS-
7. Session 5: Assessments
7.1 Assessment Task 1:
Assessment Task - Review: Retail Industry Statistics
The latest ABS Retail Trade figures show that Australian retail turnover fell 0.8% in July 2012, seasonally adjusted, following a rise of 1.2% in June 2012 (ABS, 2012).
The largest contributor to the fall was department stores ( 10.2%), followed by other retailing ( 2.8%) and clothing, footwear and personal accessory retailing ( 0.9%). These falls were partially offset by rises in household goods retailing (2.4%), cafes, restaurants and takeaway food services (0.3%) and food retailing (0.1%). The large fall in department stores follows a strong rise in the previous month. However, department stores remain the weakest performing industry over the longer term (down 0.5% in trend terms). The strongest performing industry over the longer term is cafes, restaurants and takeaway food services (up 0.8% in trend terms) (ABS, 2012).