A recent survey of Australian retailers by Macquarie found that 72% of respondents expect profits to be stable or fall in 2019-20. The survey also shows that almost 50% of respondents reported negative trading conditions over the Easter and end-of-financial-year sales periods. From The Australian:
Nearly half of the 2000 retailers who responded to a recent survey by Macquarie indicated that trading was negative for the recent Easter and end-of-financial-year periods, with apparel & homeware retailers particularly weak…
Looking ahead, 72 per cent of respondents expected profits to either decline or remain stable at best in fiscal year 2020…
