Consumer spending
Myer shares dive as customers shut their wallets
Australia’s biggest department store Myer says its sales growth has almost ground to a halt over the past six months as consumers feel the cost-of-living crunch.
- by Emma Koehn
Latest
Cheetos and a fancy croissant: What a fashion designer on $90,000 spends in a week
On Money Diaries this week, a fashion designer and client advisor who makes $90,000 a year and spends some of her money on fancy croissants.
- by Refinery29 Australia
Analysis
Analysis
Young Australians feeling more hopeless amid cost of living crunch
Soaring interest rates and inflation are contributing to a cost of living crisis leaving young Australians feeling under the weather.
- by Georgia York
Bunnings working to keep things simple as tech pays dividends
The boss of DIY giant Bunnings says the company’s push to simplify its back office should translate to a better experience for customers seeking bargains.
- by Emma Koehn
Department stores take hit from national belt-tightening
Living costs are making trading conditions tough, but the boss of DJs hopes the consumer outlook will lighten.
- by Emma Koehn
Dad shoes to supermodel attire: New Balance’s youth focus is paying dividends
The long-running athletic footwear business still hasn’t run out of puff. It’s moving into new Melbourne digs with an eye on the future.
- by Emma Koehn
Shopping pullback another sign RBA likely to hold rates steady
The drop in monthly retail turnover follows better than expected inflation data, giving the RBA more reason to pause rate rises next week, economists say.
- by Rachel Clun
Updated
Retail
Kogan in ‘position of strength’ despite sales drop
Shares in the online retail platform advanced on Wednesday after it confirmed it had successfully cut inventories.
- by Emma Koehn
Trading meals out for house cleaning: The expenses we won’t quit
Australian households are open to reducing expenses in some areas to ensure other budget lines are covered.
- by Emma Koehn
Soap, laksa, and an omelette: What a sales consultant on $147,000 spends in a week
This week on Money Diaries, a sales consultant who makes $147,000 a year settles back into Sydney life after a holiday in Italy.
- by Refinery29 Australia
‘Not quite Armageddon’: Mosaic ready to buck the spending blues
The boss of Rivers and Noni B operator Mosaic Brands says the group’s core customers – the over-50s – are still spending, even if conditions are slowing.
- by Emma Koehn