Retail Turnover Was Up 0.5% In February, Before COVID-19 Really Hit Australia
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April 3, 2020
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According to the latest Australian Bureau of Statistics (ABS) figures, Australia’s retail turnover rose by 0.5% in February 2020. This followed a... Read More
JB Hi Fi Not For Sale After Wesfarmers Speculation
JB Hi Fi stock rose today after speculation emerged that the cashed-up Wesfarmers Group, who earlier this week sold down their shareholding... Read More
Kmart Insists There Was ‘Minimal Risk’ To Customers After Employees Test Positive For COVID-19
Chadstone Kmart, located in Melbourne’s popular Chadstone Mall, closed yesterday afternoon, after two casual team members tested positive for COVID-19. “As soon... Read More
Retail Boss Questions Whether $130-Billion Handout Will Be Enough
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March 31, 2020
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Rob Scott, the Managing Director of Wesfarmers Group, believes that the government’s wage subsidy payment of $1500 per fortnight “only goes so... Read More
Bunnings Gets Greenlight To Acquire Adelaide Tools And Oaklands Mower Centre
The ACCC has announced that it will not oppose Bunnings’ acquisition of Adelaide Tools and Oaklands Mower Centre, which sells power tools... Read More
COVID-19: Woolies Joins Coles In Asking Customers To Pack Their Own Bags
Woolworths has joined Coles in asking customers to pack their own bags at the checkout in order to reduce the amount of... Read More
UPDATED:David Jones Tipped To Follow Myer & Close Down Stores
Myer has jumped the gun and announced that they are set to start closing all stores from this weekend, David Jones is... Read More
Concerns Over Move To Set Minimum Advertised Prices On Power Tools
The ACCC has moved to disallow power tool distributer Stanley Black & Decker’s from setting a minimum advertised price for Dewalt brand... Read More
UPDATED: Retailers Face Close Down PM, QBE Tipped To Cut Insurance Risk
Despite pleas to both Federal and State Governments consumer electronics and appliance retail stores face being shut down from Monday of next... Read More
Coles Asks Customers To Pack Their Own Bags To Minimise Contact, Among Other Measures
Coles has announced new social distancing measures at the checkout to keep their staff and customers safe as the COVID-19 crisis in... Read More
JB Hi Fi Closes Stores As Premier Sack 9,000 No Rent To Be Paid
JB Hi-Fi has temporarily closed its New Zealand business while retail Group Premier Investments has moved to sack 9,000 people. The JB... Read More
Super Retail Group Cancels Dividend Despite Positive Sales Momentum
The statement published on the ASX this morning read: “In the present environment the Board believes that preserving cash is the most... Read More
COVID-19: New Coles Community Shopping Hour For Healthcare Workers
From tomorrow (Thursday 26th March) Coles will be dedicating its Community Hours on Tuesdays and Thursdays to emergency services and healthcare workers.... Read More
Australian Consumer Confidence Hits 30-Year Low
Last week the ANZ-Roy Morgan Consumer Confidence Index fell by 27.8% to hit a 30-year low. The survey was conducted last weekend... Read More
Home Gym Equipment New Target Of COVID-19 Panic Buying
Following the federal government’s indefinite closure of gyms and indoor sporting venues that began at midday yesterday, Australian consumers have begun panic... Read More
COVID-19: Supermarkets Granted Authorisation To Work Together
In response to shortages caused by COVID-19 panic-buying, the ACCC has granted interim authorisation for supermarket operators to work together in order... Read More
Coles: ‘There Are Signs Demand Is Beginning To Slow’
The mad rush of COVID-19 panic buying that has swept Australia may be starting to ease. “After unprecedented busy times, our stores... Read More
What To Do In A Recession – Angus Jones, Former CMO Of LG
Four weeks ago the Australian share market hit an all-time high, now it is about 30% less. A month later the world... Read More
Australian Retailers Association Calls On Gov For Rescue Package
In an open letter to the federal government the Australian Retailers Association (ARA) and the Shop, Distributive and Allied Employees’ Association (SDA)... Read More
The Reject Shop’s Sales Up 36% In The Past Week
From the 16th to the 22nd of March 2020 sales at The Reject Shop’s 354 stores were up 36.1% year-on-year. This steep... Read More
JB HI-FI’s Sales Continue To Boom In The COVID-19 Crisis
Total sales at Australia’s 204 JB HI-FI stores grew by 9.9% for the sales period from 1st of January to 22nd of... Read More
Harvey Norman, Bunnings & CE Retailers To Stay Open
Consumer electronics, appliance and hardware retailers will be allowed to stay open with demand for goods likely to increase online as people... Read More
ASX Bounces Back As Retailers Take Action
The ASX 200 is up 2.63% today, as a number of Australian retailers post positive sales results and strong action plans despite,... Read More
Coles & Woolies Enforce 2-Pack Limit On Most Items
Australia’s major supermarket chains have put a two-pack limit on a wide range of grocery items as COVID-19 panic buying continues. From... Read More
Apple Extends Shutdown Period For Retail Stores
Earlier this week Apple announced that it was closing all its retail stores outside of Greater China until the 27th of March,... Read More
COVID-19: Shopping Centres Face Horror Time, Rent Relief Demands
The COVID-19 virus has seen shopping centres deserted with owners desperate to avoid having to shut down malls as retailers look for... Read More
Big Smartphone Retailer Slashes Jobs Closes Stores
Shares in Dixons the UK equivalent of JB Hi Fi have soared 14% after the Company announced the closing of 531 stores... Read More
Coles And Woolworths Introduce Dedicated Shopping Times For The Elderly and Disabled
Starting from tomorrow Woolworths will be exclusively opening their doors to the elderly and people with disabilities an hour early so these... Read More
Reject Shop Sales Skyrocket As Consumers Panic Buy
In the three weeks to the 15th of March, the Reject Shop’s sales rose by a massive 15.1% year-on-year. This sharp increase... Read More
JB Hi Fi To Benefit From Apple Store Closures In Australia
JB Hi Fi one of the biggest sellers of smartphones, iPads and notebooks, in Australia is set to benefit from a decision... Read More
Aussie Dollar Plunges To $0.62 Suppliers Set To Be Hit Hard
The volatile global economic conditions have caused the Australian dollar to fall even further, with the value of the AUD declining to... Read More
Retailers Concerned As Australian Consumer Sentiment Hits Five-Year Low
The Westpac-Melbourne Institute Index of Consumer Confidence has fallen by 3.8% to hit 91.9, from 95.5 in February. This marks the index’s... Read More
Will The Weak Aussie Dollar Hike Consumer Prices?
The continued weakening of the Australian dollar, which fell to $0.63 yesterday, before moderating to $0.66 today, is set to weigh on... Read More
Woolworths Named Oz No.1 Online Retailer, Beats Coles, Bunnings & The Iconic
Woolworths has been titled Australia’s top online retailer by ecommerce intelligence specialist Power Retail, beating Coles, Bunning and The Iconic along the... Read More
Bose Tries To Grind Out Future After Store Closures
Bose is on the outer and the big US sound is now struggling to work out where they go to next as... Read More
Notebook, Smartphone, TV Shortages Set To Get Worse By March
Retailers and the B2b channel are facing critical notebook shortages according to intelligence coming out of China with shortages set to worsen... Read More
Apple To Reopen Shanghai Store
The coronavirus threat is far from being contained nut Apple decided to reopen one of the seven retail stores it has in... Read More
Alexa, How You’ve Grown: Amazon Offers 8-Inch Display
Following its US unveiling in September last year, the Amazon Echo Show 8-inch smart display with Alexa is finally on its way... Read More
JB Hi-Fi Shrugs Off Coronavirus Concerns After Hike In Shares
Electronics retailer JB Hi-Fi has dismissed fears about the impact on stock and supply from the Coronavirus outbreak and is defying forecasts... Read More
UPDATE: JB Hi Fi Share Up 14.54% After Record Result, The Good Guys Also Deliver
JB Hi-Fi shares have climbed 14.54% in early trading after the consumer electronics and appliance retailer reported that revenues are up 5.1%... Read More
Echo Show 8 Smart Display Heading To JB Hi-Fi
Following its unveiling in September last year, the Amazon Echo Show 8-inch smart display with Alexa is finally on its way to... Read More
EXCLUSIVE: Dodgy Rebates & Prospectus, False Invoice Claims, Dick Smith Court Case Has It All
A day of reckoning is looming for executives of the failed Dick Smith retail chain and their auditors Deloitte, after the Company... Read More
JB Hi-Fi Sales Sees Popular Games With Huge Discounts
JB Hi-Fi, one of Australia’s biggest and most successful electronics retailer, has launched a gaming sale – starting today. There’s a wide... Read More
Jabra 75T Gold Beige Edition Now Available
Jabra has launched the Gold Beige edition of their brand new flagship true wireless headphones – Elite 75T. Available now from JB... Read More
Bunnings Adelaide Tools Acquistion Pushed Back
The national watchdog has confirmed a delay in its provisional decision over the acquisition of Adelaide Tools by hardware retail giant Bunnings,... Read More
JB Hi-Fi Jumps Into $13 Billion Pet Industry
JB Hi-Fi whose shares hit $41.30 today has moved into the pet business which in Australia is a $13 billion dollar business.... Read More
Kogan Tops Complaints Register
Give ‘em marks for consistency. Online retailer Kogan has reportedly topped the NSW Fair Trading complaints register in December 2019, after also... Read More
ALOGIC & Belkin 2.1 HDMI Finally On Sale In Oz
2.1 HDMI cables have finally arrived in Oz with the national retailers beginning to stock the ALOGIC Ultra HD 8K cable for... Read More
JB HI-FI SALE: $70 Off New Nintendo Switch
If you’re unsure of whether to splash your hard-earnt cash on the latest Nintendo Switch. JB Hi-Fi has just made your decision... Read More
Microsoft Surface Sales Boom As Xbox Crashes
Microsoft who has lifted sales of their Surface PC’s in Australia during the last quarter from 16,000 units to over 24,000 units... Read More
