across brands such as Supercheap Auto, sporting goods retailer Rebel, the BCF outdoors and camping equipment chain and Macpac adventure clothing, on January 16 said it had produced strong sales over the same period.
Mr Smith said coming out of lockdowns and restrictions from early 2022, consumer spending rebounded fast and was central to the strong growth in the Australian economy in the past year. He believes the number of transactions in stores and online will decline, even though the actual value of total retail spending may still go higher because the price of individual items has risen substantially because of inflation.
Mr Smith said the Reserve Bank of Australia needed to be cautious about lifting interest rates any higher, with a further increase from the current 3.1 per cent cash rate likely to be enough of a trigger to ensure Australia entered a recession in 2023.
According to stock performance in the last 6 months. It is already happening. Long Myer / Cettire, short The Reject Shop / Baby Bunting.
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