Australian retailers hit by worst sales decline in 4-1/2 years

Published: 5/10/2017
Australian retailers hit by worst sales decline in 4-1/2 years
Source: THESTAR.COM.MY

SYDNEY: Australian retailers suffered their worst decline in sales since early 2013 as debt-laden consumers tightened their purse strings, slashing spending on food, furniture and clothing, an outcome that bodes poorly for third-quarter economic growth.

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