From www.accountantsdaily.com.au: Small Australian retail businesses are experiencing a significant increase in insolvencies, with a reported 47.1% rise in appointments compared to the previous year, marking the highest annual number recorded.

Key challenges include the dominance of online shopping, escalating rental costs, and recent industrial relations reforms, all contributing to financial strain.

Digital transformation, policy advocacy for tax relief, and collaboration among small businesses can help navigate the economic pressures.