In last week’s column I expressed some views concerning the recent decision handed down by Fair Work Australia to award a 2.4 per cent increase to the minimum wage. A lot has been written about the margin that was included in this increase on top of the actual rate of inflation. The decision seemed to imply that businesses […]
The release of retail trade data by the Australian Bureau of Statistics this week has revealed that sales failed to meet the expectation of economic projections, with an increase of 0.2 per cent recorded in seasonally adjusted terms. This estimate is on the back of a 0.2 per cent increase for March. Growth in turnover […]
The hardware, building and garden supplies category of retail is expected to generate in excess of $18.2 billion in turnover this financial year, representing growth of 6.9 per cent. Following a busy holiday trading period for the retail industry in general, the Australian economy, and retail in particular, is beginning to head in the right […]