{"id":15539,"date":"2017-07-04T20:11:07","date_gmt":"2017-07-05T00:11:07","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15539"},"modified":"2017-07-04T20:11:07","modified_gmt":"2017-07-05T00:11:07","slug":"surprise-retail-sales-figures-light-fire-under-consumer-stocks","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/04\/surprise-retail-sales-figures-light-fire-under-consumer-stocks\/","title":{"rendered":"Surprise retail sales figures light fire under consumer stocks"},"content":{"rendered":"

\"\"<\/a><\/p>\n

From Patrick Hatch at The Age:<\/p>\n

A surprise jump in retail sales statistics lit a fire under Australia’s beleaguered discretionary retail stocks on Tuesday, making them some of the best performing companies on the ASX’s best day of the year so far.<\/p>\n

Gain[s] were enjoyed across the sector as JB Hi-Fi shares closed up 5.29 per cent at $24.48 and Harvey Norman rose 5 per cent to $3.99…..<\/p>\n

Apparel and accessory sales grew 1.3 per cent, but Australian Retailers Association chief executive Russell Zimmerman said that was likely driven by heavy discounting. Department stores still took a hit in May, with turnover falling 0.7 per cent. <\/p>\n

“We think retailers have done it very tough in clothing and footwear. So to see it rise year-on-year we think that’s retailers discounting heavily to get consumers to buy,” Mr Zimmerman said.<\/p><\/blockquote>\n

Source: Surprise retail sales figures light fire under consumer stocks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From Patrick Hatch at The Age: A surprise jump in retail sales statistics lit a fire under Australia’s beleaguered discretionary retail stocks on Tuesday, making them some of the best performing companies on the ASX’s best day of the year so far. Gain[s] were enjoyed across the sector as JB Hi-Fi shares closed up 5.29 … <\/p>\n

Continue reading “Surprise retail sales figures light fire under consumer stocks”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5,57],"tags":[],"class_list":["post-15539","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","category-stock-markets"],"yoast_head":"\nSurprise retail sales figures light fire under consumer stocks - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surprise retail sales figures light fire under consumer stocks - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Patrick Hatch at The Age: A surprise jump in retail sales statistics lit a fire under Australia’s beleaguered discretionary retail stocks on Tuesday, making them some of the best performing companies on the ASX’s best day of the year so far. 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Total sales for\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37070,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/09\/06\/australia-more-rate-hikes-ahead\/","url_meta":{"origin":15539,"position":1},"title":"Australia: More rate hikes ahead","author":"Colin Twiggs","date":"September 6, 2022","format":false,"excerpt":"The RBA hiked its target for the cash rate by 50 basis points today, to 2.35%, offering the following justification: .....Inflation in Australia is the highest it has been since the early 1990s and is expected to increase further over the months ahead. Global factors explain much of the increase\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-09-06-aus-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":43642,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/08\/23\/woolies-families-face-increasing-financial-pressure\/","url_meta":{"origin":15539,"position":2},"title":"Woolies: Families face increasing financial pressure","author":"Colin Twiggs","date":"August 23, 2023","format":false,"excerpt":"From The Age: Food sales at Woolworths\u2019 Australian supermarkets jumped by 5 per cent to $48 billion in the 12 months to June, while sales rose 8 per cent to $4.8 billion at Big W. But the company said trading conditions at the discounter have changed \u201cdramatically\u201d since the December\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35743,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/07\/16\/retail-sales-and-volatility-warn-of-extreme-risk\/","url_meta":{"origin":15539,"position":3},"title":"Retail sales and volatility warn of extreme risk","author":"Colin Twiggs","date":"July 16, 2022","format":false,"excerpt":"Advance retail sales (ex motor & parts) grew to 553 billion in June. Consumers are spending well above trend (dotted line), warning that inflation is going to be difficult to tame. The Fed is going to have to hike rates a lot higher than 4.0% to get ahead of the\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Advance Retail Sales (ex Motor vehicles & parts)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":58856,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/31\/australian-retail-sales-and-building-approvals\/","url_meta":{"origin":15539,"position":4},"title":"Australian retail sales and building approvals","author":"Colin Twiggs","date":"October 31, 2024","format":false,"excerpt":"Seasonally adjusted retail sales grew by 0.5% in volume terms in the September quarter. The headline number, however, disguises the underlying stress consumers are experiencing. Per capita retail sales are falling steeply. The RBA is unlikely to act on this, however. Instead, it will focus on headline numbers like dwelling\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-31-aus-retail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":57614,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/09\/18\/rate-cut-likely-to-boost-stocks-and-gold\/","url_meta":{"origin":15539,"position":5},"title":"Rate cut likely to boost stocks and gold","author":"Colin Twiggs","date":"September 18, 2024","format":false,"excerpt":"Financial markets paused ahead of the FOMC announcement on Wednesday. A rate cut of at least 25 basis points is widely anticipated, while expectations of 50 basis points are growing. Stocks The S&P 500 is testing resistance at the July high of 5670. The equal-weighted index broke resistance at 7100\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-17-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-17-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-17-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=15539"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15539\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}