Seeing red on Black Friday — and it’s not Santa
With interest rates up and consumer spending down, things are not looking good for the retail sector
27 November 2022 - 06:01
Essentials were expected to be at the top of consumers' shopping lists on Black Friday this week and during next month's Christmas shopping spree..
This after the Reserve Bank on Thursday hiked interest rates by 75 basis points to 7% to tame inflation, leading to lower expectations for retail sales. ..
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