Mr Godwin said while the recent rise in retail insolvencies was concerning, it was "not surprising", and he predicted more businesses would shut their doors by the end of June.
But there could be positive news on the horizon, with data from NAB's latest business survey indicating the worst might be over for retailers.
"Business conditions in retail have been low for some time … but there's been a bit of an improvement in forward orders and confidence for March," senior economist Brody Viney said.
"We do think the period of slower consumer spending will continue a bit longer. Our expectation is it'll improve more in later 2024."
Tyro is looking to be my personal trade of the year in 2024, page-3
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Last
87.0¢ |
Change
-0.005(0.57%) |
Mkt cap ! $455.9M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 87.5¢ | 84.5¢ | $1.094M | 1.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4063 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 15980 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
87.5¢ |
Change
-0.005 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| 85.5¢ | 87.5¢ | 84.5¢ | 1114269 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| TYR (ASX) Chart |