Retailers may see 'high-profile failures'

THERE has been no Christmas miracle for Australia's embattled retail sector, with the traditional shopping season doing little to shift downbeat forecasts for the year ahead.

Retailers reported good, but not great, Christmas sales as thrifty consumers looked for bargains online and in shops.

''I think it's going to continue to be gloomy for at least the first half of the year,'' said Margy Osmond, chief executive of the body representing big retailers, the Australian National Retailers Association.

''I think we're going to see more impact in the discretionary spend areas from online.

''I hate to say it, but I think we're going to see some more reasonably high-profile failures.''

 

Read more at Brisbane Times


Farewell for former much-loved mayor

Farewell for former much-loved mayor

Much-loved former mayor farewelled

Coming clean on dirt

Coming clean on dirt

Dr Airdre Grant with her weekly column

Stitching 1000 smiles

Stitching 1000 smiles

Quilts 4 Kids have given out 1000 quilts

Local Partners