There has been a noticeable decline in retail sales in Australia as shoppers opted to stay home and cut back on non-vital spending in March. According to the official Australian Bureau of Statistics count, retail sales slid by 0.4 per cent, a figure lower than the 0.2 per cent increase predicted by analysts.

Factors contributing to the decrease in retail sales include higher mortgage repayment costs, a growing tax burden, and elevated prices impacting Australian consumers. Weakness in retail sales has particularly affected discretionary goods and services, with clothing, footwear, and personal accessory retailing falling by 4.3 per cent, and department store sales declining by 1.6 per cent.

The only segment to see growth in March was food retailing, which saw a modest increase of 0.9 per cent. Other industries, such as household goods retailing, other retailing, and cafes, restaurants, and takeaway food services, experienced decreases in sales for the month.

ABS head of retail statistics, Ben Dorber, noted that the 0.8 per cent increase in yearly spending compared to the previous year was the weakest growth on record outside of pandemic and GST-related fluctuations. Dorber attributed the decline in retail spending to ongoing cost of living pressures impacting consumers.

Following the release of the retail sales data, economists have expressed concerns about the impact of financial pressures on consumer demand. Sean Langcake, from Oxford Economics Australia, highlighted that vital inflation for items like health, education, rent, and mortgage costs is squeezing household budgets, leading to restrained discretionary spending.

The subdued retail sales figures come on the heels of unexpectedly high inflation data, which has dampened hopes for interest rate cuts in the near future. With price inflation affecting vital items, such as housing-related components, banks like the Commonwealth Bank have pushed back their projections for interest rate cuts from September to November.

CBA’s head of Australian economics, Gareth Aird, emphasized that while the Reserve Bank of Australia has succeeded in reducing inflation for non-vital items, vital components are proving more challenging. Aird suggested that strong population growth, driven by net overseas immigration, is contributing to upward pressure on the consumer price index basket, prolonging the decline in inflation rates.

As retailers face the impact of subdued consumer spending, analysts are closely monitoring economic indicators to gauge the health of the retail sector and the broader Australian economy.

Having a timeless wardrobe is like having a trusty sidekick that never lets you down.

It’s that secret weapon in your fashion arsenal that ensures you’re always on point, no matter the season.

Investing in those key wardrobe essentials that can seamlessly transition from one season to another is like striking fashion gold.

These are the wardrobe pieces that never go out of fashion, and they’re the backbone of your timeless wardrobe.

So, let’s talk about how to build your wardrobe that’s forever in vogue.

The Classic White Shirt

When selecting a shirt, choose one that fits well and is crafted from high quality fabric. The fit should be just right. Not too tight, nor too loose.

A classic white shirt is an item in any wardrobe that never goes out of fashion.

Whether you’re getting ready for an event or aiming for a casual appearance, a white shirt offers versatility and can be styled in numerous ways, serving as the canvas to express your personal style.

When selecting a shirt, choose one that fits well and is crafted from high quality fabric. The fit should be just right. Not too tight, nor too loose.

A fitted white shirt does not only appear more polished but also complements your body shape.

Go for fabrics like cotton or linen as that’re breathable and comfortable to wear. These materials feel great against the skin and can withstand the test of time.

For formal occasions, pair it with tailored trousers and heels or dress it up with a blazer.

To achieve a laid-back style pair it with jeans and sneakers or layer it underneath a sweater to create a cosy yet fashionable appearance.

The Little Black Dress

Your fabric of choice for your black dress should be either silk, crepe or satin, as these fabrics add luxurious touch, ensuring a flattering fit.

The little black dress, often referred to as the LBD is a versatile item in any woman’s wardrobe. Its enduring appeal makes it a popular choice for gatherings whether it’s a cocktail party, a formal dinner, or a night out with friends.

This timeless garment is suitable for all occasions and can be worn throughout the year. Choose a design that’s elegant yet simple, allowing you to accessorise it according to the event.

Depending on the occasion and your choice of accessories you can. Dress it up or down as you wish.

For a casual look, pair it with flats or sandals and keep your jewellery minimal.

If you want a glamorous appearance combine it with high heels, statement jewellery pieces and carry an elegant clutch.

When selecting your little black dress, make sure to pick one that flatters your body shape and fits well.

Opt for a style that highlights your features while gracefully skimming over areas you prefer to downplay.

A straightforward yet refined silhouette such, as an A line or sheath dress always proves to be an option.

Your fabric of choice for your black dress should be either silk, crepe or satin, as these fabrics add luxurious touch, ensuring a flattering fit.

PRO TIP: Look for a black dress with lines and minimal embellishments to achieve a timeless and refined appearance.

Remember that the beauty of the dress lies in its simplicity.

With the accessories and styling techniques you can wear the little black dress to multiple occasions while always exuding chicness and sophistication.

The Tailored Blazer

Best blazer colour choices include classic options, like black, navy and grey.

A well-tailored blazer never goes out of style and can be worn in various ways at the same time adding timeless elegance and versatility to any outfit.

By pairing it with your choice of bottoms and tops, you can create ensembles suitable for different occasions.

For an office look pair your black tailored blazer with crisp white shirt and well-tailored trousers. Complete the outfit with pumps or loafers for a polished appearance.

If you’re aiming for a relaxed daytime vibe, go for a navy blazer teamed up with a striped       t- shirt and jeans.

This combination strikes the balance between laid back comfort and refined style. Finish off the ensemble with sneakers or ankle boots for a chic touch.

Best blazer colour choices include classic options, like black, navy and grey.

These neutral tones allow you to easily mix and match with colours and patterns to create countless stylish combinations.

The Perfect Pair of Jeans

Straight-leg jeans create a sleek and streamlined silhouette, while bootcut jeans add a touch of flair and balance to any outfit.

Investing in a high-quality pair of jeans is essential for every wardrobe. Not only do they flatter your body shape, but they can also be worn throughout the year for a variety of occasions.

When choosing the perfect pair, it’s important to look for a classic style that will stand the test of time.

A straight-leg or bootcut style is highly recommended as these cuts are timeless and versatile. They can be easily dressed up or down, making them suitable for both casual and formal settings.

Straight-leg jeans create a sleek and streamlined silhouette, while bootcut jeans add a touch of flair and balance to any outfit.

The Versatile Trench Coat

For a dressier look, you can wear the trench coat over a dress or skirt paired with a blouse. Finish off your ensemble with pumps and a striking handbag.

A trench coat is an essential outerwear piece that works well for both the spring and fall seasons.

Its timeless style and practicality make it a versatile addition to any wardrobe.

Whether you’re going to the office or enjoying a casual outing, a trench coat is the perfect choice.

When selecting a trench coat, it’s best to go for neutral colours such as beige or camel. These shades have stood the test of time and can easily be paired with various outfits.

They also lend a chic and sophisticated touch to your overall look.

Beyond its stylish appeal, a trench coat also serves practical purposes.

Its water-resistant fabric and detachable hood offer protection against unexpected rain showers, making it ideal for unpredictable weather conditions.

The double-breasted closure and waist belt provide structure while allowing you to adjust the fit for added tailoring.

For an effortlessly stylish yet relaxed look, pair your trench coat with jeans and a striped t shirt.

To complete the outfit, consider adding ankle boots and a crossbody bag.

For a dressier look, you can wear the trench coat over a dress or skirt paired with a blouse. Finish off your ensemble with pumps and a striking handbag.

The Timeless Leather Jacket

Leather Jackets has been a fashion staple for decades and remains popular among fashion enthusiasts.

Whether you’re aiming for a casual or edgy look, a leather jacket can instantly elevate your outfit and give you a cool and stylish vibe.

Unlike trendy pieces that come and go, a leather jacket is a classic that has stood the test of time.

It has been a fashion staple for decades and remains popular among fashion enthusiasts.

Another fantastic aspect of leather jackets is their suitability for all seasons.

In colder months, they provide warmth and protection from the elements, while in warmer months, they can be paired with lighter clothing to create an effortlessly stylish appearance.

When selecting a leather jacket, choose classic black or brown colours.

These neutral shades are timeless and versatile, easily complementing various outfits.

It’s crucial to ensure that the jacket fits well and is crafted from high quality leather material.

The Comfortable Ballet Flats

Pair your ballet flats with jeans and a t shirt for a comfortable yet stylish look or match them with a dress to create a more feminine and elegant ensemble.

Ballet flats are a popular choice of footwear for many women due to their versatility and comfort as can be worn all year round.

When shopping for ballet flats, it’s important to opt for neutral colours like black or nude. These timeless choices can easily be paired with various outfits.

Unlike high heels or pointed shoes, they provide ample support and room for your feet. With their flat soles, they are perfect for walking or standing for long periods.

While they can be dressed up for special occasions, they also complement casual outfits well.

Pair them with jeans and a t shirt for a comfortable yet stylish look or match them with a dress to create a more feminine and elegant ensemble.