Retailers – Page 12 – channelnews

[newsletter_form]

Australia’s #1 technology news source

[newsletter_form]

[bd_sorted_posts]

Super Retail Group’s Online Sales Surge 44.4%

Elise Reid August 24, 2020 No Comments

Super Retail Group – which owns SuperCheap Auto, Rebel, BCF and Macpac – reported online sales growth of 44.4% in FY20, compared to total sales growth of 4.2%. Online sales…

Has Officeworks Got The For Sale Sign Back Up?

David Richards August 24, 2020 No Comments

Officeworks one of the crown jewels in Wesfarmer retail portfolio could be up for sale again, the big question is who would buy it. Harvey Norman has already had a…

Oz Retail Turnover Up 12.2% YoY In July, Led By Household Goods

Elise Reid August 21, 2020 No Comments

Australian retail turnover rose by 12.2% year-on-year in July, according to preliminary trade figures from the ABS. Month-on-month, retail turnover was up 3.3%. “Retail turnover rose in all states and…

S&P Delivers Positive Report For Wesfarmers Retail Stores

Elise Reid August 21, 2020 No Comments

Following on from Wesfarmers’ strong earnings report for FY20, credit ratings agency S&P Global Ratings has announced that it believes the group will post sales growth in FY21, largely thanks…

‘At Home’ Purchases Drive The Reject Shop Sales Up 7.1%

Elise Reid August 19, 2020 No Comments

The Reject Shop recorded sales growth of 7.1% in the second half of FY 20, driven by strong customer demand for ‘essential’ products during the COVID-19 pandemic, including grocery, cleaning,…

Consumer Confidence Improves For First Time In 2 Months

Elise Reid August 18, 2020 No Comments

The ANZ-Roy Morgan Consumer Confidence index improved for the first time in seven weeks, rising by 2.4% last week. It is now sitting 24.2 points lower than a year ago,…

JB HiFi Online Smashes Competition

David Richards August 17, 2020 No Comments

JB Hi Fi was the best performing consumer electronics and appliance retailer in Australia during the past six months significantly outperformed Kogan, Catch, Big W, and archrival Harvey Norman according…

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…

BREAKING NEWS:COVID-19 Delivers Record Numbers For JB Hi Fi

David Richards August 17, 2020 No Comments

JB Hi-Fi Limited has reported an 11.6% increase in sales to $7.9 billion, EBIT is up 33.2% to $332.7 million (Statutory NPAT up 21.0% to $302.3M. The retailer delivered $600m…