Australian retail sales may be going backwards, but it’s clear many retailers don’t expect that trend will last.
According to jobs site Indeed, advertisements for casual and temp staff over the Christmas and Boxing Day period have increased noticeably compared to 12 months ago.
“Leading into Christmas, Indeed is seeing strong demand for retail positions, with Christmas job postings tracking almost 20% higher than last year,” says Callam Pickering, APAC Economist at Indeed.
“Despite subdued retail spending, it appears that retailers are gearing up for a big Christmas spend.”
In September, Australian retail sales came in flat, according to data released by the ABS, missing expectations for an increase of 0.4%. The soft result ended off a weak September quarter for retailers with sales falling by 0.2% and 0.5% respectively in July and August.