KPMG – Retail Health Index, Dec 2024

The report by KPMG "Retail Health Index" explores the current and future health of Australia's retail sector. The report provides data-driven insights showing a slight recovery in the retail sector, with the Retail Health Index increasing by 0.72 points. Despite this, the sector remains in poor health, with full recovery not expected until mid-2025. The report highlights ongoing challenges such as a retail recession, stagnant discretionary spending, and issues with sustainability goals. It also discusses the impact of AI on retail, with many retailers embracing generative AI for enhanced business operations. The report underscores the adaptability of Australian consumers to both online and physical retail environments.