Coronavirus – Page 13

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Tyro Doubles Loss In FY20, Blames Coronavirus, Bushfires

Jake Nelson August 18, 2020 No Comments

Retail point-of-sale company Tyro has blamed the bushfires and COVID-19 for a $38 million loss, more than double that of last year, which comes despite record $210.6 million revenue. Tyro,…

Identity Theft Soars On Covid-19

Computer Daily News August 18, 2020 No Comments

SYDNEY: In a bid to better educate Australians on the pitfalls of identity theft, particularly during the current Covid-19 outbreak, the ACCC has this week embarked on an awareness campaign.…

Kogan.com’s ‘E-commerce Revolution’, Sales Up 39.3% In FY20

Elise Reid August 17, 2020 No Comments

Kogan.com’s sales increased by 39.3% in FY20 to hit $768.9 million, with gross profit growing at a similar rate of 39.6%, to $126.5 million. The e-commerce retailer was also able…

The Good Guys Sales Surge 11.2% As People Upgrade Appliances & Entertainment

Elise Reid August 17, 2020 No Comments

Sales at The Good Guys have surged during COVID-19 lockdowns – the retailer’s total sales grew by 11.2% in FY20 to $2.39 billion, and increased even more sharply in the…

Lenovo & HP Account For Half Of Global Notebook Sales

Elise Reid August 17, 2020 No Comments

According to Q2 2020 figures from Strategy Analytics, global notebook shipments surged under COVID-19 lockdowns, growing by 27% year-on-year (y-o-y) to hit 54.2 million. Combined, Lenovo (25%) and HP (24.8%)…

Lenovo’s Online Sales Up 53% During COVID

Elise Reid August 14, 2020 No Comments

Lenovo’s revenue rose by 7% year-on-year (y-o-y) in the second quarter of the year to reach US$13.3 billion, despite the challenging global environment. The company’s pre-tax income increased even more…

Australia Has 500M Surgical Masks Stashed Away, Inquiry Told

Computer Daily News August 14, 2020 No Comments

SYDNEY: If you have been worried about whether you will continue to be able to acquire surgical masks in the future, given the increasing number of people wearing them daily,…

NAB: ‘9.5% Drop In Consumer Confidence An Overreaction’

Elise Reid August 13, 2020 No Comments

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 9.5% in August, as Victoria enters Stage 4 restrictions and COVID hotspots pop up in New South Wales. “Under those circumstances…

Employment Rate Continues To Improve With More Part-Time Work

Elise Reid August 13, 2020 No Comments

Employment in Australia increased by 114,700 people between June and July, though this was more part-time employment (71,200 people) than full-time employment (43,500 people), according to the ABS. Hours worked…

Seek’s Earnings Down 9% In ‘Weak Ad Environment’

Elise Reid August 12, 2020 No Comments

Seek Group’s full year earnings fell by 9% in FY20 to $414.9 million as the company was impacted by the COVID-19 crisis and a weak macro environment. However, Seek was…