Posts tagged "retail recession"

Australian consumers and workers may benefit from changing economic conditions in 2024, yet retailers can expect hardships to continue, according to Deloitte.

The retail sector shed more businesses on a net basis than any other industry sector last year, exposing a harsh environment for established traders and fresh entrepreneurs alike.

Australian shoppers are now "super cautious" about their spending habits, one small business operator says, as the effects of long-running inflation and interest rate concerns lead some economists to declare a "retail recession".

Thirteen leading economists say they back RBA governor Philip Lowe over Treasurer Josh Frydenberg when it comes to boosting the economy.

Despite years of searching Booktopia boss Tony Nash is still in the market for investors, although he intends to push on with his growth plans regardless.