March 20, 2024

KEPLER RETAIL MARKET INDEX (KRI) week ending 17/03/2024

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Discover key insights in the latest KRI (Kepler Retail Market Index) for the Week Ending 17th March 2024.

Today we launched an updated version of the Kepler Retail Market Index

  • We have launched an updated version of our Kepler Retail Market IndexIt now includes more than ever before with a 10% increase in stores and a 30% increase in Benchmark Groups, resulting in some movement in historical figures.  This update is now accessible to all our existing Kepler Retail Index customers.
  • The difficult trading conditions we have seen in the first two weeks of March continued again this weekPasser-by Traffic was down 9.1% YoY (down 12.4% versus 2022)Continued growth in Shopfront Conversion (up 9.8% YoY) largely offset the lower Passer-by Traffic resulting in Inside Traffic being flat.
  • Declines in Sales Conversion Rate (down 4.0% YoY) and Average Transaction Value (down 1.9% YoY) drove a decline in Sales of 6.1% YoY (down 8.1% versus 2022)
  • NSW was the strongest performing State with sales up 2.4% YoY.  Regional areas also had stronger performance compared with major capital cities.
  • One of the new Benchmark Groups is Retailer Average Transaction Value tierThis week high ATV brands (> $150 ATV) experienced well above average sales declines of 12.7% YoY.

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.