TJK International opened first TK Maxx stores in Australia in 2017. © MAX NASH / Stringer
TJK International opened first TK Maxx stores in Australia in 2017. © MAX NASH / Stringer

Retail prices fall due to overseas competition

Retail prices have fallen due to increasing competition from overseas retailers, according to the Reserve Bank of Australia (RBA).

The Australian retail market has been shaken by the introduction of global retail firms, including TK Maxx stores, owned by US-based TJK International, UK firm JD Sports and German retailer Kaufland.

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