Retailers call for urgent rate relief as inflation slows

Australian retailers are calling on the Reserve Bank to urgently cut interest rates as inflation slows and businesses struggle...

Australian retailers are calling on the Reserve Bank to urgently cut interest rates as inflation slows and businesses struggle with high cost-of-trading. Governor Michele Bullock held interest rates at 4.35 per cent this month, citing slowed economic growth and inflation holding steady at 3.4 per cent over the year to January. National Retail Association...

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Retail trade stagnates despite booming population

Latest trade figures reveal the uphill struggle retailers face in 2024 if consumer sentiment remains low and trade continues...

Latest trade figures reveal the uphill struggle retailers face in 2024 if consumer sentiment remains low and trade continues to slow, despite Australia’s population boom. Figures released by the Australian Bureau of Statistics (ABS) today revealed spending in January rose 1.1 per cent following a stark drop of 2.1 per...

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Reserve Bank urged to show retailers some love

Australian retailers have welcomed the Reserve Bank’s decision to hold interests rates this month but have called for industry to...

Australian retailers have welcomed the Reserve Bank’s decision to hold interests rates this month but have called for industry to be shown some love after record-low Christmas sales. Governor Michele Bullock raised interest rates to 4.35 per cent just before the Black Friday and Cyber Monday sales to put a squeeze on...

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The RBA’s decisions have put the lights out on festive spending.

Latest trade figures reveal the series of interest rate rises by the Reserve Bank have nipped Christmas sales in...

Latest trade figures reveal the series of interest rate rises by the Reserve Bank have nipped Christmas sales in the bud, risking the future of Australian retailers. Figures released today by the Australian Bureau of Statistics (ABS) reveal spending in December grew by just 0.8 per cent compared with last...

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“Release the handbrake on high interest rates,” retailers urge

Desperate retail business owners are urging the Reserve Bank to release the handbrake on the economy, after the November...

Desperate retail business owners are urging the Reserve Bank to release the handbrake on the economy, after the November retail trade figures showed the Melbourne Cup Day rates hike stopped spending in its tracks. Figures released by the Australian Bureau of Statistics (ABS) today revealed spending in November, which has...

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Retailers call for rate relief as festive trade slows

Australian retailers have welcomed the Reserve Bank’s decision to hold interest rates this month but have called for immediate...

Australian retailers have welcomed the Reserve Bank’s decision to hold interest rates this month but have called for immediate rate relief as Christmas trade starts to quieten. New Governor Michele Bullock raised interest rates to 4.35 percent just before the Black Friday and Cyber Monday sales to put a dampener...

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Retailers banking on Christmas after sales dropped in October

Retailers are banking on a windfall from the Christmas sales period after the Australian Bureau of Statistics today revealed...

Retailers are banking on a windfall from the Christmas sales period after the Australian Bureau of Statistics today revealed a 0.2 percent drop in sales for the month of October. This comes after a 0.9 percent sales boost in September, which was undercut by the Reserve Bank’s decision to increase...

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Black Friday tipped to be the bright spot after a dim year for retailers

Tomorrow’s Black Friday sales may be the spark Australian businesses desperately need after a flat year of sales, the...

Tomorrow’s Black Friday sales may be the spark Australian businesses desperately need after a flat year of sales, the National Retail Association has predicted. The increasingly popular Black Friday and Cyber Monday sales event is expected to generate some $6.3 billion in sales over the next four days – around...

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It’s a buyers’ Christmas as sluggish sales prompt an early start to discounting

Savvy shoppers have the chance to grab an early Christmas bargain, as retailers across Australia bring forward their discounting...

Savvy shoppers have the chance to grab an early Christmas bargain, as retailers across Australia bring forward their discounting strategies in the face of flat festive season sales. The National Retail Association has today released its projections for the Christmas sales period, predicting that Australians will spend around $63 billion...

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Tips to prepare for Black Friday and Cyber Monday

This year, Black Friday falls on Friday, November 24 and Cyber Monday falls on Monday, November 27. The Australian Bureau of Statistics demonstrated...

This year, Black Friday falls on Friday, November 24 and Cyber Monday falls on Monday, November 27. The Australian Bureau of Statistics demonstrated that retail turnover rose 1.4 per cent in November 2022, to a record high. The rise in turnover was driven by Black Friday sales, which boosted spending on clothing, footwear,...

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Tips to prepare for Black Friday and Cyber Monday

This year, Black Friday falls on Friday, November 24 and Cyber Monday falls on Monday, November 27. The Australian Bureau of Statistics demonstrated...

This year, Black Friday falls on Friday, November 24 and Cyber Monday falls on Monday, November 27. The Australian Bureau of Statistics demonstrated that retail turnover rose 1.4 per cent in November 2022, to a record high. The rise in turnover was driven by Black Friday sales, which boosted spending on clothing, footwear,...

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‘Hold your horses’, retailers urge the Reserve Bank

Australian retailers are urging the Reserve Bank to rein in interest rates after it increased rates by 25 basis...

Australian retailers are urging the Reserve Bank to rein in interest rates after it increased rates by 25 basis points, putting the cash rate at 4.35 per cent. National Retail Association Director Rob Godwin said retailers were hopeful the RBA would hold the cash rate at 4.1 per cent, but...

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Workers, retailers and retail property owners unite to combat rising violence against workers and retail crime

The Shop, Distributive and Allied Employees Association (SDA), the National Retail Association (NRA), and the Shopping Centre Council of...

The Shop, Distributive and Allied Employees Association (SDA), the National Retail Association (NRA), and the Shopping Centre Council of Australia (SCCA) have partnered in a new campaign for Christmas 2023 to combat the rising incidents of abuse and violence against retail workers, and to demonstrate a fresh shared commitment...

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Retail resilience spotlighted at 2023 National Retail Awards

The National Retail Association honoured retail excellence and resilience across a diverse line-up of categories at the National Retail...

The National Retail Association honoured retail excellence and resilience across a diverse line-up of categories at the National Retail Awards held last night at the Howard Smith Wharves in Brisbane. Retailers across the country gathered at the sold-out event and were joined by Dominique Lamb, former CEO and Small Business...

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National Retail Association and Tanda combine forces to help retailers pay right

National Retail Association and Tanda combine forces to help retailers pay right Australian retailers can now cut their risk...

National Retail Association and Tanda combine forces to help retailers pay right Australian retailers can now cut their risk of expensive and damaging wage underpayments thanks to an innovative new partnership between the National Retail Association and HR software company Tanda. The partners have joined forces to develop a training...

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Albanese Government Delivering New Support for Australia’s Small Businesses

The Albanese Government is delivering significant new practical measures to support Australian small businesses and to help them prosper....

The Albanese Government is delivering significant new practical measures to support Australian small businesses and to help them prosper. The Government has today introduced the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 (the Bill) into Parliament. The Bill delivers measures announced in the...

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