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Kogan Turns To Twitter Instead Of ASX

Elise Reid July 14, 2020 No Comments

Yesterday, Ruslan Kogan, the CEO of Kogan.com, turned to Twitter to make a trading update about the online sales figures of recently acquired furniture company Matt Blatt. Traditionally, such updates…

Kogan’s Share Purchase Plan Oversubscribed, Raises $20m

Elise Reid July 8, 2020 No Comments

Kogan.com has successfully raised $20 million through its share purchase plan that was launched in June, surpassing the original target by $5 million. The company has revealed that the share…

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…

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…

David Jones Set To Sell Flagship Properties In Sydney & Melbourne

Elise Reid July 2, 2020 No Comments

David Jones is about to commence the process of selling off $1 billion of properties, with The Australian reporting that promotional material for the properties will be sent to the…

American Express Gives Card Members $50 To ‘Shop Small’

Elise Reid June 30, 2020 No Comments

As part of its ‘Shop Small’ initiative, which aims to support small businesses through the COVID-19 crisis, American Express is offering eligible and enrolled card members $50 cash back when…

COVID-19 Recovery: 90% Of Australians Are Shopping At Stores Again

Elise Reid June 29, 2020 No Comments

The latest ABS ‘Household Impacts of COVID-19 Survey’ found that Australians are rapidly returning to their normal pre-COVID-19 activities, with 90% of respondents saying that there were either going shopping…

70-80% Shoppers Research Online Before Buying In Store

Elise Reid June 29, 2020 No Comments

Paul Greenberg – the founder of business network NORA and Co-Founder of DealsDirect.com.au – told The Australian Financial Review Virtual Retail Summit that as much as 70-80% of retail spending…

Toilet Paper Panic-Buying Is Back: Purchase Limits Reinstated

Elise Reid June 26, 2020 No Comments

The number of rising COVID-19 cases in Victoria has sparked a new round of panic-buying, a trend that is beginning to spread from Melbourne to NSW and South Australia. The…