Consumers are starting to tighten their spending, focusing more on essential items and spending more time thinking about bigger discretionary cash splashes, says listed online marketplace retailer MyDeal chief marketing officer Ryan Gracie.

MyDeal’s gross sales jumped 24.8 per cent to $272.2 million in the year ended June 30, while its customers totalled 1.05 million, up 17.6 per cent from the year earlier.