Hidden Patterns In Departmental Retail Sales In Australia

Hi,
I was observing the departmental store sales in Australia through the Australian Bureau of Statistics data which is widely available through their website and here are some of the findings:

1. The departmental stores sales in Australia were hit badly in the month of February 2010, as compared to the trend in the previous years.

2. Though the sales were tad a bit better than last year but were far below  Feb. 2008.

Whilst, I tried to explain various external factors that explain the departmental sales, I found that the following have a significant impact on the departmental sales in Australia:

 

in the order as above.

Looking at the correlations between the Departmental Sales, Retail Sales and Cafes, Restaurant sales, I found the following:

The departmental Sales are strongly correlated :

 

This means that if the Food Retailing Sales increase and Cafes, Restaurants and takeaway food services do a good business, with more women working, departmental stores are going to have a good time and will have a good month in Sales.

I hope the above information is helpful.

Written by Shailendra Kumar
Shailendra is a thought-leader and visionary in the cognitive and analytics space. With the sole motto of making money out of data, he has helped multiple organisations across the globe to generate incremental revenue or optimise cost using machine learning and advanced analytics techniques.