The latest cut follows a 50 basis point drop in the Official Cash Rate in October, but economists say the effects will take time.

Over 200 fashion industry, media and tastemakers gathered at the showcase runway event.

It comes after Shein surpassed The Iconic in terms of monthly website traffic in October 2024.

“Inequality is stark in the fashion industry," Oxfam Australia CEO Lyn Morgain claimed.

Wilson’s exit comes as Baby Bunting prepares to capitalise on the soft goods market, which includes clothing and footwear.

“Our loyal customers in this area have supported us since the brand's early days," creative director Courtney Price said.

Head of prices statistics Michelle Marquardt said annual inflation overall remains the lowest since July 2021. 

However, the index is still elevated compared to the 2024 weekly average.

The latest move follows a pop-up push in Los Angeles and the appointment of Brett Blundy to its board of directors.

City Chic is chasing a revenue and earnings lift for FY25 following a tumultuous two years.

Black Friday/Cyber Monday retail sales are projected to hit $6.7 billion this year.

Both stores will open on November 28.

“We were overwhelmed by the support for our campaign last year,” co-founder Amy Jones said.

"My advice to the team is it's going to take time," Cosette director Don Grover said.

It follows several years of international growth and shifting away from a wholesale-heavy model.

A spokesperson for the department store said it follows a recent review of its Supplier Code of Conduct.