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Super Retail Group Cancels Dividend Despite Positive Sales Momentum

Elise Reid March 26, 2020 No Comments

The statement published on the ASX this morning read: “In the present environment the Board believes that preserving cash is the most prudent course of action to maintain liquidity and…

COVID-19: New Coles Community Shopping Hour For Healthcare Workers

Elise Reid March 25, 2020 No Comments

From tomorrow (Thursday 26th March) Coles will be dedicating its Community Hours on Tuesdays and Thursdays to emergency services and healthcare workers. To enter a Coles store during its first…

Australian Consumer Confidence Hits 30-Year Low

Elise Reid March 25, 2020 No Comments

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 (21st-22nd March) – the government has brought in…

Home Gym Equipment New Target Of COVID-19 Panic Buying

Elise Reid March 24, 2020 No Comments

Following the federal government’s indefinite closure of gyms and indoor sporting venues that began at midday yesterday, Australian consumers have begun panic buying home gym equipment. For weeks the unprecedented…

COVID-19: Supermarkets Granted Authorisation To Work Together

Elise Reid March 24, 2020 No Comments

In response to shortages caused by COVID-19 panic-buying, the ACCC has granted interim authorisation for supermarket operators to work together in order to ensure the reliable supply of food and…

Coles: ‘There Are Signs Demand Is Beginning To Slow’

Elise Reid March 23, 2020 No Comments

The mad rush of COVID-19 panic buying that has swept Australia may be starting to ease. “After unprecedented busy times, our stores now have more stock on display for customers…

What To Do In A Recession – Angus Jones, Former CMO Of LG

Staff Writers March 23, 2020 No Comments

Four weeks ago the Australian share market hit an all-time high, now it is about 30% less. A month later the world is in lock down and my parents who…

Australian Retailers Association Calls On Gov For Rescue Package

Elise Reid March 23, 2020 No Comments

In an open letter to the federal government the Australian Retailers Association (ARA) and the Shop, Distributive and Allied Employees’ Association (SDA) have called for an industry rescue package, given…

The Reject Shop’s Sales Up 36% In The Past Week

Elise Reid March 23, 2020 No Comments

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 increase builds on the strong growth the company…

JB HI-FI’s Sales Continue To Boom In The COVID-19 Crisis

Elise Reid March 23, 2020 No Comments

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 March 2020, with year-on-year sales growth of 8.8%.…