"These are not healthy figures indicative of a strong and growing economy," Roy Morgan CEO Michele Levine says.

This is despite Shein seeing a 20% MoM lift in local website traffic.

Key signatories include Michael Hill, The Warehouse Group and the parent company of Rebel Sport NZ.

Despite the elevated numbers, market analysts are projecting that total insolvencies have been levelling out in 2025.

Australian consumers have growing concerns about personal finances over the next 12 months.

The outdoor wear brand has struck a deal with Paralympics New Zealand.

A spokesperson for the brand said: "It's literally what the pant does!"

The Breakfast of Big Ideas will take place in Sydney - with another full house. 

The new store concept has been featured in Melbourne and in Sydney's west in Parramatta.

The funding came amid a $1.5 million climate fund initiative launched by the fashion label in 2022.

The overall business confidence bump-up also came amid the decisive Federal Election this year in May.

Ralph Lauren has over 100 locations across Australia, including Myer and David Jones spaces.

The Shoe Group is set to expand its portfolio this year with the likes of Clarks, Wittner and even Rivers.

The new tool has nearly doubled the average order value compared to standard online shopping.

Retailers across Australia are in for a spending boost according to CommBank’s senior economist Belinda Allen.

The brand's name will be featured in a 24-hour car race in Germany later this week.