Ishka CEO Toby Darvall says “a perfect storm” of conditions has made things incredibly tough for Australian retailers. Darvall believes that consumers have not been spending due to the bushfires plus concerns about job security, flat wage growth and coronavirus:
CEO Toby Darvall said he had never seen conditions like it.
“This has been by far the worst Christmas that we have ever been through,” Mr Darvall told 7.30.