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Retail sales show 2020 was a year for the bottle

Matthew Cranston

Australians spent a record $350 billion in retail purchases last year and the product that showed the biggest jump in spending was alcohol.

Over the first year of the COVID-19 pandemic, consumers ramped-up their spending at liquor retailers by 26.5 per cent.

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Matthew Cranston was The Australian Financial Review’s United States correspondent.

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    Original URL: https://www.afr.com/policy/economy/retail-sales-show-2020-was-a-year-for-the-bottle-20210205-p56zyw