• Reuters
• 13 Nov, 2019

Just 62% of retailers expected to grow sales in the holiday gift-giving season that runs through December, down from 80% a year earlier and the weakest result since 2013, the survey published by market researcher Deloitte Touche Tohmatsu Ltd said. The reading suggests a series of economic jumpstarts has failed to ignite Australia’s retail sector amid competition from cheaper global online entrants like Amazon.com Inc and soft consumer spending due to wage stagnation and a property downturn...
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