Consumer Confidence Rises After Hitting A 15 Month Low
Consumer confidence across Australia increase by 2.2 percent after previously dropping to its lowest level since October 2020. While respondents’ confidence in ‘current financial conditions’ jumped by 6.3 percent. According to a recently published survey undertaken by ANZ and Roy Morgan, this uptick pushed consumer confidence slightly above neutral at 100.1 for the week of […]
Online Sales for Myer Increase By 54 Percent
As Australia continues to tackle its current wave of the Omicron covid variant, online sales for retailer Myer increased by 54 percent. In-store sales were hampered significantly however, overall sales had actually improved in the five months before January. Total sales for the five months ending the 1st January 2022 were 12.3 percent higher than […]
Consumer Confidence in Australia Drops to A Three Decade Low
As the number of covid-19 cases continue to rise across Australia, customers are avoiding spending as much money as possible. This is despite the fact that Australia ended 2021 on an economic high. However, according to research compiled by ANZ and Roy Morgan, Australia’s consumer sentiment dropped this month as concerns about the explosion in […]
Australian Retailers Association Is Concerned About Customer Aggression In Victoria
Paul Zahra the chief executive officer of the Australian Retailers Association (ARA) has written a letter to Victorian Premier Daniel Andrews explaining his concerns about “elevated customer aggression levels” in the state, and has called for improved consultation around vaccination protocols which have become “extremely challenging” for retailers to manage at short notice. “Our members […]
Australian Consumers Lose Confidence As Retail Sales Drop During Recent Lockdowns
Many Australian businesses are afraid that new lockdowns will give them no choice but to close their doors permanently as online shopping remains the only way they retail stores can continue to generate revenue during the new lockdowns in Sydney and Melbourne. With over half the Australian population in lockdown to prevent the spread of […]