Retail industry veteran Philip Corne has warned many retailers are doing it tough and conditions were likely to worsen despite the surprisingly strong November sales data this week.
Mr Corne, who spent his life working around the globe for luxury giant LVMH, said consumers are spending but with so much on offer, competition in the sector was fierce.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
