Discretionary retailers and investors understand that the real shot in the arm needed to kickstart sales is a decline in interest rates.
Kmart Australia chief Ian Bailey is hoping to meet US retailers to convince them to stock the popular private label brand on American shelves.
Australians continued to enter into the home loan market last year,even as interest rates and house prices increased,but household spending may be weaker than what the data suggests.
As the seasonal shopping boom and festive cheer subsides,Australian businesses will be dealing with the hangover of last year’s cost-of-living pressures.
Despite cost-of-living pressures and the rise of November’s Black Friday sales,Australian consumers’ Boxing Day splurge is tipped to make a “modest” jump on 2022’s spending.
KMD Brands’ share price has nosedived after revealing Kathmandu and Rip Curl’s sales have declined.
Australian retailers are grappling with sophisticated organised crime groups as resistant consumers spend carefully this holiday season.
This year’s Black Friday deals were some of the best that Australia’s ever seen. But it’s uncertain if retailers can offer the same next year,as discounts eat into margins.
The NSW Advocate for Children and Young People says the impact of cost of living pressures on youth is not being taken seriously by governments.
Premier Investments’ chairman Solomon Lew called for federal assistance for consumers,as he notched record sales during Black Friday and lifted earnings expectations.
The German discount supermarket chain is hoping price-conscious shoppers will flock to it this Christmas as it enjoys a jump in foot traffic and transaction volumes.