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More on retail woes via the AFR:
This month, womenswear retailer Noni B, homewares chain Adairs and budget jewellery retailer Lovisa upgraded profit forecasts after stronger December quarter sales and Kogan.com said sales and earnings had surged.
But sales growth appears to have been patchy and recent credit and debit card data suggests overall spending was weak.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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