Retail NZ CEO Carolyn Young said one of the key priorities for retailers this year is economic growth. 

This follows two decades of steering product direction at various major retailers, including Country Road, Kmart and Black Milk.

ABS data shows that clothing and footwear price inflation is also quite high.

Mossman co-owner Deanna Depetro reveals why the brand is returning to the department store.

"NIFA creates a space where First Nations designers and creatives are recognised and celebrated," IFP manager Michelle Maynard says.

The latest store brings the brand's total owned locations across Australia to 26.

The business review comes weeks after KMD rejected a proposal to demerge its Rip Curl business.

Australian retailers are being squeezed from both ends, new ABS data shows.

The move promotes Sheglam's push into Kmart stores nationally.

The examinations are set to take place from July 1.

ANZ economist Sophia Angala said the prospect of a US-Iran deal may have slowed the drop.

"It is like watching firsthand the fashion of the future being developed," CoE director Dr Lisa Lake said.

But Mighty Ape's turnaround appears to be in full swing, with green shoots appearing.

Universal Store, GAP, Tapestry, David Jones, APG & Co, VRG GRL, Cue and more lead the biggest event yet on June 18.

Retail NZ CEO Carolyn Young called the decline in fashion "significant".

The retailer's 31 stores and online website will continue to operate as usual as a rightsizing is underway.