Putting retail confidence to the test

Australia's retailers may be celebrating record Boxing Day sales but as the festive cheer wears off, we will realise the world still has several problems to solve before confidence can be restored.

In the lead-up to Christmas, consumers in the US, Hong Kong and Germany put aside what was happening in the sharemarkets. That spirit appears to have continued through Christmas and onto the Boxing Day sales with a number of all-time records to be eclipsed – although the Australian numbers will be a hollow victory.

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