Coronavirus – Page 20

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Will CE Retailers In Vic See Another Surge During Round 2 Lockdowns?

Elise Reid July 9, 2020 No Comments

While the retail sector as a whole was hit hard by the first round of COVID-19 lockdowns, the country’s major CE retailers witnessed a significant surge in demand, and a…

Consumer Confidence Continues To Fall As COVID Cases Resurge

Elise Reid July 7, 2020 No Comments

The ANZ-Roy Morgan Consumer Confidence index is now at its lowest point in nearly two months, at 92.1 – some 25.5pts lower than this time last year. “Confidence fell a…

CE Distributors: ‘Border Closure Won’t Stop Deliveries’

Elise Reid July 7, 2020 No Comments

Hours out from the closure of the NSW and Victorian border, CE, appliance and audio distributors told ChannelNews that they do not contemplate any problems based on their current supply…

COVID Shopping: Afterpay Sales Up 127%

Elise Reid July 7, 2020 No Comments

Afterpay has witnessed substantial growth over the past financial year, with sales accelerating in Q4 FY20 – underlying sales rose 127% that quarter. Over the whole of FY20 sales totalled…

Samsung’s Stronger-Than-Expected Earnings Point To Recovery

Elise Reid July 7, 2020 No Comments

Samsung exceeded expectations for Q2 2020, suggesting that the company may be recovering from the disruptions caused by the COVID-19 pandemic. The company posted an operating profit of 8.1 trillion…

Business Confidence Up 5.7% In June, Led By WA, NSW & QLD

Elise Reid July 6, 2020 No Comments

In June the Roy Morgan Business Confidence index continued to recover, rising by 5.7% to 95.0, which puts it at a similar level to March 2020. For the second straight…

Oz Printer Market Down 33.8%

Elise Reid July 6, 2020 No Comments

According to the latest figures from the IDC Worldwide Quarterly Industrial Printer Tracker, the industrial printer market in Australia and New Zealand fell by 33.8% year-on-year (y-o-y)and 18.4% quarter-on-quarter in…

Vic Premier Desperate Dan Set To Screw Up Recovery, New Report

David Richards July 6, 2020 No Comments

Victoria’s failure to contain the spread of COVID-19 will see retailers face a new threat that could affect the overall profitability of several major retail groups where Victoria is a…

Oz Retail Turnover Up A Record 16.9% In May

Elise Reid July 3, 2020 No Comments

According to the final retail trade figures for May 2020 from the Australian Bureau of Statistics (ABS), turnover rose 16.9% that month. “The gradual easing of social distancing regulations, and…

COVID-19 Boosts Australia’s Online Retail Sales By 50.4%

Elise Reid July 3, 2020 No Comments

The NAB Online Retail Sales Index rose by 50.4% year-on-year (y-o-y) in May, following April’s record y-o-y growth of 58.5%. “While online retail sales growth is typically volatile month to…