Yesterday, the ASX 200 fell a whole 1.6%. No sector was spared, especially not the tech sector. As I’m writing this piece nearing midday, the benchmark index is down a further 1%. With the Aussie market correcting, are investors twigging on to the lagging impact of rising rates?
Best & Less Group Holdings made news by announcing softening trading conditions as total sales went down by 11.7%. In response, BST began clearing winter stock to meet current demand and maintain inventory quality.
Have you made any big purchases lately? Or browsed the shopping centre with the intention of buying something nice? If you haven’t, you’re not alone. Consumers are cutting back…and retailers are feeling it. Read on for a breakdown...