Posts tagged "retail spending in australia"

The Lipstick Effect describes a phenomenon when consumers will still tend to buy small luxury items or less costly luxury goods, even when facing an economic crisis or downturn.

Australians are still trying to enjoy the small luxuries in life, with 15 million Aussies forking out and digging deep into their pockets for small indulgences.

Tasmania and the ACT are the best performing economies in the country while Western Australia has jumped to its highest rank in six years, new CBA data shows.