Where are you shopping these days? Given yesterday's shock result for department stores I thought I would have a look at where we spend our money.
For each of the sectors, what proportion of our shopping dollar do they capture. The results are a little surprising ... We are spending more at food outlets and cafes, restaurants and takeaways. We are spending less at department stores and clothing and footwaer outlets.
I suspect the recent decline in household goods reflects lower prices and a higher Australian dollar.
Do you have any explanation for the increased sales in cafe and restaurants? Is it some perverse 'Master Chef' effect? Or something else?
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