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Retail sales in Australia are projected to surge by $69.7 billion leading up to Christmas, with $6.7 billion expected to be spent during Black Friday and Cyber Monday, marking a 5.5% increase from last year. Consumer sentiment is on the rise, encouraging retailers to enhance their offerings as competition intensifies. Despite some caution in the discretionary sector, companies like JB Hi-Fi and Harvey Norman are positioned to benefit from increased sales, particularly in trending products like robot vacuums.
Super Retail Group Limited
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
retail sector poised for growth ahead of black friday and cyber monday
Harvey Norman Holdings Limited
Super Retail Group Limited
Premier Investments Limited
Wesfarmers Limited
JB Hi-Fi Limited
AUS
CHN
Juliette Saly
James Wang
Paul Zahra
Jason Ireland
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00:25 20.11.2024
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