Amazon could be contributing to consumer dissatisfaction | Ragtrader

Consumer sentiment continues to drift downwards while retail spending growth has picked up over the same time period, according to the latest Deloitte Access Economics Retail Forecasts report.

The report revealed that retail pricing continued to struggle in the face of improved volumes.

Retail price growth was minimal, notching an increase of 1.0% over the year to June 2017. This was attributed to Intense competition keeping all retailers focused on delivering customer value at the least cost possible.

The report stated that the entry of Amazon and other international online retailers will only put further downward pressure on prices.

Deloitte Access Economics partner David Rumbens said consumers were dissatisfied with the current retail landscape, despite improvements within employment.

“Strengthening employment outcomes are providing the basis for spending to lift, including a rebound in full-time jobs growth and continued wealth gains from housing.

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Amazon could be contributing to consumer dissatisfaction – Ragtrader.