Shoppers in retreat after Black Friday boost

Cash-strapped shoppers snapped up discounted gifts during the Black Friday sales, bringing spending forward and leading to a muted December for retailers. Australian retail sales plummeted 2.7 per cent in the final month of 2023, more than unwinding the 1.6 per cent rise fuelled by the snowballing popularity of the Cyber Weekend sales. Compared with […]

This post was originally published on Michael West.