Media Release

Latest trade figures reveal the uphill struggle retailers face in 2024 if consumer sentiment remains low and trade continues to slow, despite Australia’s population boom. Figures released by the Australian Bureau of Statistics (ABS) today revealed spending in January rose 1.1 per cent following a stark drop of 2.1 per...

Desperate retail business owners are urging the Reserve Bank to release the handbrake on the economy, after the November retail trade figures showed the Melbourne Cup Day rates hike stopped spending in its tracks. Figures released by the Australian Bureau of Statistics (ABS) today revealed spending in November, which has...

Australian retailers have welcomed the Reserve Bank’s decision to hold interest rates this month but have called for immediate rate relief as Christmas trade starts to quieten. New Governor Michele Bullock raised interest rates to 4.35 percent just before the Black Friday and Cyber Monday sales to put a dampener...

Retailers are banking on a windfall from the Christmas sales period after the Australian Bureau of Statistics today revealed a 0.2 percent drop in sales for the month of October. This comes after a 0.9 percent sales boost in September, which was undercut by the Reserve Bank’s decision to increase...

Tomorrow’s Black Friday sales may be the spark Australian businesses desperately need after a flat year of sales, the National Retail Association has predicted. The increasingly popular Black Friday and Cyber Monday sales event is expected to generate some $6.3 billion in sales over the next four days – around...

Savvy shoppers have the chance to grab an early Christmas bargain, as retailers across Australia bring forward their discounting strategies in the face of flat festive season sales. The National Retail Association has today released its projections for the Christmas sales period, predicting that Australians will spend around $63 billion...

The Albanese Government is delivering significant new practical measures to support Australian small businesses and to help them prosper. The Government has today introduced the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 (the Bill) into Parliament. The Bill delivers measures announced in the...

Gift buyers have been urged to “Think Small” this Father’s Day, and take the opportunity to support local and family-owned businesses. With just over a week to go until we celebrate Dads everywhere, the National Retail Association is reminding Australians that the overwhelming majority of jobs are created and sustained...

Mid-year sales failed to save the retail sector from the brunt of cost-of-living pressures facing consumers, Australian Bureau of Statistics data released today reveals. ABS retail sales figures show retail turnover fell 0.8 percent in June. National Retail Association CEO Greg Griffith said the lack of impact from mid-year year sales...