Online behemoths crush brick and mortar retailers

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ABC News reported that Australians are flocking to cheap retailers like Temu, Shein, and Amazon, which combine ultra-cheap products with fast delivery.

However, their success is putting pressure on traditional brick‑and‑mortar retailers, which are struggling to compete.

In particular, online giants can undercut prices due to lower overheads, making it difficult for smaller shops to match.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.