EOFY sales forced to ramp up as retail shopping declines due to interest rate rises

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EOFY sales forced to ramp up as retail shopping declines due to interest rate rises
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Ongoing interest rate rises are having a negative impact on shopping habits as new data shows a sharp decline in sales which is forcing retailers to ramp up end-of-financial-year sales.

Outlets such as Peter Alexander and Just Jeans posted a 20 per cent decline

in sales during May despite an overall increase in jobs from the same period.

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