This implies 'not too well', but perhaps MYR bucked the department stores trend:
(excerpt from the ABS media release):
"...Food retailing had the largest rise, up 1.9 per cent, followed by cafes, restaurants and takeaway food services (3.3 per cent), clothing, footwear and personal accessory retailing (3.1 per cent) and other retailing (0.5 per cent).
Two industries experienced falls in turnover this month, with household goods retailing falling by 2.7 per cent and department stores by 2.5 per cent..."
My other question would be 'if inflation's running at five per cent or above, wouldn't the small rise indicated by the ABS (that's AFAIK in nominal terms, not CPI-adjusted) mean that turnover really fell if one accounted for CPI?'
MYR Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)