Retailers like Temple & Webster have slashed their pricing and tweaked their product range to lure gen Z and millennials – and it’s workingGet our breaking news email, free app or daily news podcastMany Australian businesses are feeling the pinch as customers can no longer afford the armchairs, gadgets, clothing brands and new bathrooms they could before the cost of living shot up.But spending patterns remain uneven, and at times counterintuitive, leading to a mixed corporate earnings season marked by subdued but not collapsing demand. Continue reading…
Source link : https://www.theguardian.com/australia-news/article/2024/aug/24/from-cars-to-coffee-machines-heres-how-australian-spending-habits-are-weathering-the-high-cost-of-living
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-08-24 00:00:18
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From cars to coffee machines, here’s how Australian spending habits are weathering the high cost of living
