Tag: consumer spending

E-commerce retailers must consider both convenience and value to succeed

After significant growth in peak pandemic years, Australian consumer online retail spending has stabilised, according to the Australian Ecommerce Report 2023 by IAB Australia and Pureprofile. The report found that 67% of surveyed...

Aussies to still spend big this Father’s Day

Ahead of Father’s Day this Sunday (3 September), new research suggests that Australians are set to spend $860 million on gifts. The research from the Australian Retailers Association (ARA) in collaboration with Roy...

Consumers continue to cut back on spending

Australians continued to “tighten their belts” in July, according to a new Commonwealth Bank of Australia (CBA) report, with spending growth declining nationally to just 1.3% in the year to July. The monthly CommBank...

Aussies reluctant to sacrifice certain luxuries

Millions of Australians are refusing to give up their little luxuries, according to new research by Finder. A Finder survey of 1096 respondents revealed three quarters of surveyed Australians (74%) – equivalent to...

Retail volumes fall for third straight quarter

Australian retail sales volumes fell 0.5% in the June quarter 2023, making it the third quarter in a row to see a fall, according to figures released by the Australian Bureau of...

Aussies cut back on their spending

Almost half (47%) of the Australians surveyed in a recent pulse study conducted by Monash University are shopping for lower-priced brands more now than they did at the same time last year. The...

Grocery and restaurants drive April sales

Australian retail sales increased 2.6% in April compared to the same time last year, according to the latest Mastercard SpendingPulse, despite most retail categories experiencing double-digit declines. The total growth was driven by...

Retail sales rise in March amid cost-of-living pressures

Australian retail turnover rose 0.4% in March 2023, according to figures released by the Australian Bureau of Statistics (ABS). This follows a 0.2% rise in February. Year on year, retail sales recorded 5.4%...
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