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Retail spending plummets

The impact of the Federal election has had a substantial negative impact on retail spending in the last week. Theories on whether elections have an impact on retail spending have been unsubstantiated in the past, however, the Retail Express Australian Retail Index presents a clear reduction in consumer confidence Across the country, retails sales dropped 14 per cent across Fashion, Furniture, Sporting and General sectors; with Fashion the hardest hit losing 30 per cent compared with sales in the