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Jul 14, 2011

Retail Pain

Not a great time to be in Australian retail - mirrors international trends - it is significant these items were all on the Inside Retailing website today:

  David Jones chief sounds warning bells
DJs chief describes a "dramatic" slump in retail sales.
  Sales seasons stretched as shoppers turn savers
Conservative shoppers are picking out bargains at Australia's biggest department stores as half yearly sales run into late July.

  Consumer sentiment nosedives
Australian consumer sentiment is at its worst since the GFC
  Yesterday's most read story
  Retail conditions worrying
Conditions in the retail sector have fallen to "worryingly low levels" in

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