Retail suffers weakest conditions in Australia: RBA

After the National Australia Bank recently declared the retail industry ‘in recession’, the Reserve Bank of Australia has suggested the retail industry is suffering from the weakest business conditions of any industry in Australia. The Competition and Profit Margins in the Retail Trade Sector report, published during the RBA’s June bulletin, found that net profit margins have declined for all retailers over recent years, driven by a decline in prices. This fall in margin suggests a reducti

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