S&P Revises Outlooks For Australian Retail REITS
S&P has revised the outlooks for four Australian retail REITs to negative and one to stable, citing limited buffering to absorb “the... Read More
Sales at David Jones Fell 19% In March, But Online Sales Grew By 108%
David Jones’ parent company Woolworths Holdings Limited, which is based in South Africa, has disclosed how the COVID-19 pandemic has impacted the... Read More
Australia’s Consumer Confidence Rebounds By 10.1%, The Most Significant Jump On Record
Last week the ANZ-Roy Morgan Consumer Confidence index jumped up by 10.1%, the biggest gain since the survey moved to a weekly... Read More
COVID-19: Oz Business Confidence Hits A Record Low In March, But Could Rise In April
The Roy Morgan Business Confidence index fell by 9.1% in March to hit 95.1, a record low. In the first two weeks... Read More
COVID-19: How The Proposed Commercial Tenancy Rules And Banking Packages Will Support Retailers
The government has proposed new measures to protect commercial tenants during the COVID-19 pandemic. These will be discussed at the National Cabinet... Read More
Retail Boss Questions Whether $130-Billion Handout Will Be Enough
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
Bushfires Blamed For Retail Downturn In January
The horror bushfire season has been cited as a key reason for retail turnover falling by 0.3% across Australia in January 2020,... Read More
Apple Warns Retail Workers Of iPhone Supply Shortages
Apple has warned its retail staff the company is facing shortages of replacement iPhones, according to a Bloomberg report. Retail employees received... Read More
JB Hi-Fi Buys $44m Warehouse In Melbourne
Stockland, a diversified property group, has expanded its industrial property footprint after JB Hi-Fi signed a new $44m warehouse lease in Melbourne’s... Read More
Another Retail Victim: Jeanswest To Shut Shops, Shed Jobs
National fashion retailer chain Jeanswest will shut almost 40 stores across the country, increasing the retail store closure figures to over 200... Read More