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According The NPD Group, Australia’s toy industry saw dollar increase 69% and unit sales increase 29% for the week ending March 29, the best performing week in 2020 so far
In February 2020, in restaurant dining decreased while there was a noteworthy increase in most of the off premises dining occasions, including delivery, pick-up, and drive-thru services
In the last quarter of 2019, Australia was badly hit by the unprecedented bushfires; they continue to threaten the nation’s economy. The weak economic growth at the end of the year was also a result of lowered consumer confidence and demand across retail sectors — foodservice bucked the trend.
In the past, food items that didn’t put quality first could still appeal to consumers as long as they were affordable. The game has changed — food quality has increased in importance to consumers in Australia every year over the past decade.
Older Millennials and the 50+ age group drove gains in foodservice. For both groups, conservative spending behaviour is a defining characteristic.