GENERAL NEWS
AUSTRALIA’S retail market has returned to recession conditions over the June quarter, reflecting a weakened economy at large...
A retail recession sequel doesn’t necessarily come as a surprise. In six of the last seven quarters, real retail spending has declined. And the numbers only look worse on a per capita basis...
This sits against a backdrop of poor conditions across the economy more generally, with the labour market weakening and business insolvencies rising...
Rumbens added that with the latest data revealing real GDP growth over the year to March was at 1.1%, the slowest annual growth since the 1990s...
Retailers are getting used to seeing a consumer group which on average is cautious and value conscious, but where some – generally those older and mortgage free...
Going forward, helping to lift retailers out of recession will be the cost of living relief that is being rolled out to households in the form of energy bill relief, and tax cuts which...
This comes after Deloitte found the retail recession was over back in March, with the combined stage 3 tax cuts and forecast lower interest rates are...
2025 and 2026 should show more substantial growth, with real turnover growth expected to grow from 0.3% in 2024 to 1.5% in 2025 and 2025...
Retail prices may move from above normal gains of 4.3% in 2023 and 2.8% in 2024, to more normal price growth rates of 2.6% in 2025 and 2.4% in 2026.