Surviving the Rollercoaster: What Retailing Businesses Need to Do in 2023?

Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items.

Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items.

Download ‘Consumer Goods Retailing in Australia’

Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items. The implications of a rocky retailing sector are significant given consumer goods retailing is a significant contributor to the country’s economy, generating approximately 4.1% of GDP and employing over 1.2 million people.

To understand the forces at play, Cathro & Partners has taken a deep dive into the consumer goods market in Australia in its webinar, “Consumer Goods Retailing in Australia”.

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