Expect Retail Sales To Drop: Citi
A report from Citi has warned that retailers could face a sharp fall in sales as coronavirus restrictions and stimulus payments ease.... Read More
PayPal Take On AfterPay With New Buy-Now-Pay-Later Platform
Renowned e-payment provider, PayPal, has launched a new buy-now-pay-later platform that does not charge retailers an additional cost, as AfterPay continues its... Read More
Global Smartphone Sales Forecast To Drop 10% In 2020, But Return To Growth In 2021
Research firm IDC estimates global smartphone shipments to fall by nearly 10% in 2020; however, they expect the market to return to... Read More
Big W’s Sales Up 31.8%, Driven By Home Office & Appliance Demand
Big W’s sales accelerated in Q4 FY20 under COVID-19 lockdowns, increasing by 31.8% year-on-year (y-o-y). Over the whole financial year, the retailer’s... Read More
Aussies favour shopping online during Covid19
SYDNEY/MELBOURNE: Australian retailers are being forced to digitalise their physical offerings as more customers go online during the coronavirus pandemic, new analysis... Read More
Consumer Confidence Up 4.6%, Biggest Gain In Months
The ANZ-Roy Morgan Australian Consumer Confidence index increased by 4.6% last week, marking one of the highest increases in the past three... Read More
Westfield Owner Slumps to $3.6 Billion Loss
The owner of Westfield malls – home to retailers such as JB Hi-Fi, Myer and David Jones – has booked a $3.61... Read More
Shaver Shop’s Total Sales Up 16.4% In FY20, Online Sales Double
Shaver Shop’s total sales increased by 16.4% to $194.9 million in FY20, while the grooming retailer’s online sales more than doubled, up... Read More
Super Retail Group’s Online Sales Surge 44.4%
Super Retail Group – which owns SuperCheap Auto, Rebel, BCF and Macpac – reported online sales growth of 44.4% in FY20, compared... Read More
Bezos’s Right-Hand Man Steps Down After Two Decades
SAN FRANCISCO: Amazon’s head of worldwide consumer business and Jeff Bezos’s right-hand man, Jeff Wilke, will retire next year. Dave Clark, SVP... Read More