Markets

Australian retailers are now ‘going bust in record numbers’

Data from business analytics company illion shows a record number of Australian retailers are going to the wall. Although relatively low as a percentage of all companies, the negative trend is worth highlighting given the laundry list of headwinds already facing the sector. Multiple analysts agree that the near-term performance […]
Australian retailers are now ‘going bust in record numbers’
Markets

ON A ROLL: Australian retail beats for a third straight month

Australian retail sales beat expectations for the third straight month in June, with a gain of 0.4% in seasonally adjusted terms (0.3% forecast). Quarterly trade volumes were also stronger, rising by 1.2% after a gain of just 0.2% in the three months to March. Economists said the latest results are […]
ON A ROLL: Australian retail beats for a third straight month