Retailers brace for economic uncertainty amid rate fears | 7NEWS

2 hours ago The News Room

Australian retailers are facing mounting financial pressure from supply chain disruptions, rising freight costs, and historic lows in consumer confidence. Three in four retailers have experienced supply chain deterioration over the past month, with half reporting freight cost increases exceeding 10%. The Australian Retail Council warns that two in three retailers have implemented hiring freezes or are reducing staff numbers, affecting an industry that employs 1.4 million Australians.

Subscribe and set 🔔 » https://7news.link/YTSubscribe |

For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
7Plus » https://7plus.com.au/
7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi
Facebook » https://www.facebook.com/7NewsAustralia
TikTok » https://www.tiktok.com/@7newsaustralia
Instagram » https://www.instagram.com/7newsaustralia/
X » https://x.com/7NewsAustralia

7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus.

#BREAKINGNEWS #7NEWS