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The Australian Bureau of Statistics (ABS) has attributed fashion and footwear as one of the main strongholds behind positive retail sales in March.

The ABS has revealed that retail turnover rose 0.3 per cent in March following a rise of 0.7 per cent in February 2015, seasonally adjusted.

Online retail contributed to three per cent to total retail turnover in total and only included spending on domestic online stores.

 

However, NRA CEO Trevor Evans said growth could be stronger if the government refrains from encouraging Australians to shop online with overseas companies.

 

"We still have the problem of the unfair GST loophole that favours foreign businesses and encourages Australians to spend their money overseas.

 

"While the retail sector has experienced a steady growth since mid-2013, this growth – and the benefits for local businesses and jobs – could be much stronger if Australian online businesses were able to compete on an even field."

Rises in retail sales per state were Queensland Queensland (0.7 per cent), New South Wales (0.3 per cent), Victoria (0.2 per cent), South Australia (0.3 per cent) and Tasmania (0.5 per cent).

However there was a slight decline in some territories resulting in falls in Western Australia (-0.3 per cent), the Australian Capital Territory (-0.5%) and the Northern Territory (-0.8 per cent).

The promising results in footwear and personal accessories has continued a recent trend and is likely to surge with jewellery sales heading into Mother's Day.

It's also good news for department stores.

The National Retail Association (NRA) believe some pleasing results were recorded following a weak performance period.

Evans said that the Reserve Bank of Australia (RBA) decision to cut cash rates in February has allowed for more money to grow in consumer's pockets.

"Some of the additional money in people’s pockets from that decision has flowed into the economy, and it is helping to continue the modest but steady growth we have seen in retail over the last 18 months.

"We hope that this trend will continue with this week’s rate cut, and that these positive figures will give both consumers and businesses much-needed confidence in the future."

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