Spread the love

How retailers are being impacted by rising interest rates. Source: Bigstock

Following nine consecutive interest rate increases in Australia – with more likely to come –  retailers are having to navigate a challenging economic environment, as consumers are looking to cut back their spending across a range of categories. This was arguably felt in December 2022, which saw a 3.9 per cent drop in consumer spending.  Industry experts are also predicting challenging months ahead, with weaker-than-usual results expected ahead of key calendar events.   Beyond a drop

This article is for the Professionals

Only $4/month for the first 3 months

Already a professional? Log in