February 7, 2024

KEPLER RETAIL INDEX (KRI) week ending 04/02/2024

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Discover key insights in the latest KRMI (Kepler Retail Market Index)  for the week ending 4th February 2024. 

Retail Foot Traffic continues to show an encouraging trend as the year progresses. 

  1. Passer-By and Inside Traffic continue to show encouraging trends with both measures showing week-on-week improvements over the last five weeks. This week Passer-By Traffic was only down 1.8% YoY, and Inside Traffic was up 6.3% (the strongest result for Inside Traffic since Mother’s Day 2023)
  2. Sales Conversion continues to disappoint, down 9.2% YoY after its record decline last week
  3. Despite the strong Inside store traffic, the weak sales conversion and lower average transaction values (down 1.5% YoY) drove a sales decline of 5.0%Health and Beauty retailers continue to perform strongly while clothing retailers performed poorly this week.
  4. South Australian (sales up 5.3% YoY) and Queensland (sales down 0.3% YoY) were the strongest performing statesVictorian stores had a particularly poor week with sales down 10.7% 

Did you miss our webinar? 

Get insights on Australia’s retail conditions by watching our first 2024 webinar. Danny French, David Mah, and Kylie Smart share detailed information on the Christmas and New Year trading conditions and the retail outlook for 2024.

Link here