Cheap clothes are selling for less than $100,000 in the UK.

But there are big differences between Australia and the UK, according to research.

The key differences are: In the UK consumers pay for everything at a mark-up (a markup of around 10 per cent on their purchase) and the retail price of goods is higher than in Australia.

The mark-ups vary by category, but they tend to be around 10 to 15 per cent.

A recent report from The Australian Retail Consortium found that retailers in the US have had to charge between 30 per cent and 50 per cent more for a similar product.

The average price of a loaf of bread in Australia is $0.69.

In the US, the average price is $2.35.

“In the US consumers are paying $2 for a loaf, and the markup is around 30 to 50 per.

cent,” Ms Jones said.

“That’s a huge difference, so retailers are starting to recognise that it’s important to differentiate in terms of pricing and margins.”

Ms Jones says the US retail industry has been taking note of what is happening in Australia, and is now preparing to introduce similar markup rules to protect customers.

“The US retail sector has been following the lead of the UK and Australia, so we are also looking at similar regulations across the world,” she said.

Ms Jones and Ms Smith are also working on a policy to protect consumers from high markups in the retail sector.

The retail industry needs to protect the interests of the small, medium and large retailers.

“There’s a big need in Australia to have uniform standards across the retail industry and we want to ensure that all small and medium retailers are protected from high price pressures,” she added.