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Big Australian retailers say conditions are tough, but overseas stores still see opportunities in the Australian market. AAP/Tracey Nearmy

Poor strategy has left Australian retailers open to overseas entrants

Announcements by international retailers rushing to enter Australia belie the claims of some large Australian retailers that market conditions are tough and shoppers are leaving bricks and mortar stores…
Treasurer Joe Hockey admits the government’s ‘open for business’ promise must be followed up with action. Alan Porritt/AAP

Abbott’s ‘open for business’ honeymoon is over

From a three-and-a-half year high last month, business confidence data for October shows the post-election honeymoon is over, with business conditions continuing to underperform in non-mining sectors…