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