BUZZ-Australian retailers drop as November retail sales miss estimates

Reuters

01-09

** Australian consumer staples retailers fall as much as 1.2%, their biggest intraday percentage decline since Nov 11, 2024

** The sub-index hits its lowest level since Dec 23, 2024

** Data from the Australian Bureau of Statistics showed retail sales rose in November 2024 on Black Friday boost, but missed forecasts

** Retail giants Woolworths and Coles drop up to 1.4% and 1.1%, respectively

** Pub operator Endeavour Group falls as much as 2.1%

** The consumer staples' sub-index lost 4.4% in 2024

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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