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retail trade

‘Old excuse’: New threat to JB Hi-Fi

Major retailers such as JB Hi-Fi are facing the threat of investors voting against the election of male directors because they have failed to meet expectations that 30 per cent of their board are made up of women.The Australian Council of…

Retail data to weigh on rates decision

Retail trade was flat in February, rising just 0.2 per cent according to the latest figures from the Australian Bureau of Statistics (ABS), off the back of a 1.8 per cent rise in January.The Retail Trade report, released on Tuesday morning,…

Grim warning on rate rises

The Reserve Bank says inflation is likely to remain well above target for at least two years and has warned they will do “whatever is necessary” to bring it back in line.Minutes from the central bank’s March meeting, where the board agreed…

‘Storm is brewing’: Grim bankruptcy warning

With Aussies stretched to the limit amid soaring cost of living pressures and skyrocketing interest rates, experts are sounding the alarm over a fresh crisis to come.Based on previous economic trends, it’s now clear that conditions are…

Cost of living crisis hits Aussie workers

Australian consumer spending cooled slightly during the Christmas period, bringing down the volume of retail sales for the first time in 11 months.Retail trade fell 3.9 per cent in December after having risen by 1.7 per cent in November,…

The industries driving Aussie jobs boom

Hiring sprees in the construction, retail and accommodation sectors have helped Australia eclipse previous employment records.Treasury analysis of Australian Bureau of Statistics data has found the number of Australians in jobs grew by…

Warning signs amid cost of living crisis

Signs rising inflation is starting to soften the retail sector are showing, with Australian consumers demanding businesses do more to support them through the cost of living crisis. New data from Trustpilot has revealed how many Australians…