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August 4, 2017

On the 4th of July, the Australian Bureau of Statistics released the latest retail sales figures, touching on many of the retail segments services by the ASX listed retailers. Retail turnover rose 0.6% in May, with all retail categories experiencing growth except for department stores which fell 0.7%. Despite being down from the 1% growth in April this result, which is triple that of the market’s estimated 0.2% rise, the latest sales figures are a welcome surprise for investors, as the retail sector is at the centre of investor uncertainty amidst news of Amazon’s imminent arrival.

                                                                               Source: Australian Bureau of Statistics

Although Amazon is not expected to arrive until the end of 2018, confirmation of their arrival has c...

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