The headwinds facing Australian brick-and-mortar retailers continue to build. The latest insolvency data from the Australian Securities and Investments Commission (ASIC) shows that 768 retailers became insolvent in the 2023–24 financial year, up from 540 in 2022–23 and 319 in 2021–22. Consumer sentiment is firmly stuck at recessionary levels: Retail sales volumes have also fallen
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