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BREAKING NEWS:Harvey Norman, Bunnings, JB Hi Fi, Winnings & The Good Guys Face Weeks Of Major Store Closures

David Richards August 3, 2020 No Comments

JB Hi Fi, The Good Guys and Harvey Norman as well as Winnings are facing a major shut down of their Victorian operations after the Victorian Cabinet has proposed sweeping…

NAB Online Retail Index Up 49.6%, Led By Groceries & Appliances

Elise Reid August 3, 2020 No Comments

The NAB Online Retail Sales Index continued to improve in June increasing by 49.6% year-on-year and 0.2% month-on-month. “The year-on-year result implies that, even after the easing of restrictions, online…

Amazon’s Sales Surge 40% As Shoppers Move Online

Elise Reid July 31, 2020 No Comments

Amazon’s net sales increased by 40% year-on-year (y-o-y) to $88.9 billion in Q2 2020, as shoppers across the globe moved to online retail channels during the COVID-19 pandemic. Its operating…

Wesfarmers Bought Catch For $230M – It’s Now Worth $1B

Elise Reid July 30, 2020 No Comments

In June 2019 Wesfarmers purchased Catch Group – which owns the ecommerce site Catch.com.au – for $230 million. Now, analysts and fund managers have put Catch’s value at $1-1.5 billion.…

Legal Centre Calls For Buy-Now Pay-Later Crackdown

Computer Daily News July 30, 2020 No Comments

SYDNEY: Fintech operators like Zip and Afterpay are now worth more than retail giants Myer and David Jones, on the back of consumers enjoying the ease of use and flexibility…

Big W’s Bub&Me Sale Features Uniden Cameras, UV Sanitiser Bags & More

Elise Reid July 29, 2020 No Comments

Tomorrow Big W is kicking off its bi-annual Bub&Me sales, which will run in-store and online until 12th August. This time round, Big W is offering a range of tech…

David Jones Sales Down 8.1%, But Says Foot Traffic Is Improving

Elise Reid July 27, 2020 No Comments

Sales at David Jones – which is owned by South Africa’s Woolworths Holdings – have fallen by 8.1% year-on-year in the last nine weeks of H2 FY20. However, the retailer…

Google’s E-commerce Platform To Rival Amazon’s, Removes Fees

Elise Reid July 27, 2020 No Comments

Google is continuing to make its e-commerce platform more appealing to sellers, as it ramps up its efforts to compete with Amazon. Now, sellers who participate in the ‘Buy on…

COVID Scare At Costco Store In Australia

Elise Reid July 24, 2020 No Comments

Costco has confirmed that a person who tested positive for COVID-19 shopped at the Costco store in Marsden Park, NSW on Sunday 19th July. Costco stated: “We are advising all…

Vicinity Shopping Malls Worth $1.8B Less Because Of COVID

Elise Reid July 24, 2020 No Comments

Vicinity Centres has announced that independent valuations of its 60 directly owned retail properties have resulted in a net valuation decline of 11.3% for its portfolio, translation to $1.79 billion…