SMH: ‘A good story for consumers’ Discounts on the way as spending slows

Australian retailers are boosting sales and discounts to combat slowing spending caused by inflation and rising interest rates. With discretionary income shrinking, mid-market brands face challenges, while Amazon gains ground with value-focused shoppers. As Trent Rigby from RetailOasis notes, “Smaller wallets mean that retailers have to work harder to take an increased share of this spend.”