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Amazon Australia’s Online Alcohol Store To Rival BWS & Liquorland

Elise Reid June 12, 2020 No Comments

Amazon Australia is set to take on the likes of BWS, Liquorland and Dan Murphy’s with its new ‘Wine, Beer & Spirits’ online store. Amazon’s booze store will carry a…

JB HI-FI CEO Expects WFH Trend To Stay

Elise Reid June 12, 2020 No Comments

JB HI-FI CEO Richard Murray expects that the work-from-home trend kicked off by the COVID-19 lockdowns will remain a permanent fixture of our economy moving forward, keeping consumer electronics retailers…

Sales At JB HI-FI & The Good Guys Surge By Over 20%

Elise Reid June 11, 2020 No Comments

In the second half of FY20 to 31st May JB HI-FI Australia’s sales increased by 20%, while The Good Guys’ grew by 23.5%. Given the more stable circumstance, JB HI-FI…

Kogan.com Successfully Raises $100 Million

Elise Reid June 11, 2020 No Comments

Kogan.com has successfully completed the $100 million placement that it launched yesterday, at an offer price of $11.45 per share. This represented a 7.5% discount on Kogan.com’s closing share price…

NAB Cashless Retail Sales Index: ‘Strong May, Off A Very Weak April’

Elise Reid June 10, 2020 No Comments

The NAB Cashless Retail Sales Index has estimated that retail sales in May will record strong positive growth on a month-on-month basis, on the back of a very weak April.…

Consumer Sentiment Rebounds 16.4%, Close To Pre-COVID-19 Levels

Elise Reid June 10, 2020 No Comments

The Westpac-Melbourne Institute Index of Consumer Sentiment improved by 16.4% in May to reach 88.1, up from the “extremely weak” 75.6 of April. All component indexes recorded further gains in…

Harvey Norman Buoyed By COVID-19 Despite OS Slump

Elise Reid June 10, 2020 No Comments

Harvey Norman’s Australian franchisees have delivered growth of 7.4% in FY20 year to date (ended 31st May). This growth has been led by a stronger second half, when total sales…

Catch Sales Surge By 68.7%, Officeworks & Bunnings Also Soar

Elise Reid June 9, 2020 No Comments

According to Wesfarmers latest trading update, Catch.com.au’s total sales in the second half of FY20 (up to 31st May) grew by 68.7%. This followed Catch’s notable sales growth of 21.4%…

Kogan’s Gross Sales Rise By More Than 100%

Elise Reid June 5, 2020 No Comments

The Australian e-commerce site Kogan.com has witnessed significant growth during the COVID-19 crisis, with the retailer recording year-on-year growth of 100% in April and May. Gross profit has expanded even…

ABS: Record Falls In Personal Retailing & Department Stores In April

Elise Reid June 4, 2020 No Comments

According to the final Australian Bureau of Statistics (ABS) Retail Trade figures for April, the sector’s turnover fell by 17.7%. This is a slight revision upwards from the ABS’s preliminary…