Sales of physical goods shrink, as digital products claim market share
Digital product sales are projected to grow over the next five years, as consumers turn away from traditional forms, according to new research by IBIS World.
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Fast fashion giants H&M, Zara and Topshop put pressure on Aussie retailers
The entry of fast fashion giants H&M, Zara, Topshop and Uniqlo into the Australian market has given Australian consumers "runway fashion" at an affordable price, at the same time putting competitive pressure on local retailers, according to IBISWorld.
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Aussie household debt highest in 25 years but slowing since the GFC
Household debt per person in Australia reached a staggering $1.8 trillion - equal to $79,000 per person - at the end of 2013 according to a report released today by the Australian Bureau of Statistics (ABS).
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Airlines named worst offenders for excessive credit card surcharges
Airlines, taxis, major hotels and restaurants have been called out as the worst offenders for credit card surcharging by Australian consumers as new research by MasterCard revealed that credit card surcharges are costing us $800 million annually.
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Australians nervous about what their credit report would reveal
Comprehensive credit reporting comes in effect today as part of changes to the Privacy Amendment Act, which means that for the first time banks and other credit providers will be able to view positive as well as negative data when making a decision to grant credit.
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Australian balance transfers get longer - are we becoming the UK?
Card issuers have shown a growing interest in promoting 0% Balance Transfer rates in February with a record number of Balance Transfer credit cards being offered at lower and longer rates.
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David Koch, News Corp and Mozo launch campaign to save Australians from unfair credit card interest
Financial comparison site mozo.com.au are championing the consumer cause in partnership with media giant News Corp Australia who launched consumer credit card hub moneysaver HQ this morning.
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Let the good times roll: consumer confidence up
Consumer confidence rose strongly on the first weekend of 2014, to 116.4 (up 4.6 pts since Dec 15/15) according to The Roy Morgan Consumer Confidence Update.
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Online shopping credit card fraud up to $200 million
Just under $280 million was stolen from Australians through credit card crime last year, with online shoppers the hardest hit by fraudsters.
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Silver lining for those braving last-minute Christmas shopping crowds
With less than ten days to count down to Christmas, last minute shoppers braving the Christmas crush are expected to spend in the vicinity of $32 billion over the festive season. However, there is a silver lining for those braving the crowds this week as recent research suggests those who shop in a crowded environment are actually, less likely to overspend.
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