Oz Retail Turnover Up 12.2% YoY In July, Led By Household Goods
Australian retail turnover rose by 12.2% year-on-year in July, according to preliminary trade figures from the ABS. Month-on-month, retail turnover was up... Read More
‘At Home’ Purchases Drive The Reject Shop Sales Up 7.1%
The Reject Shop recorded sales growth of 7.1% in the second half of FY 20, driven by strong customer demand for ‘essential’... Read More
Consumer Confidence Improves For First Time In 2 Months
The ANZ-Roy Morgan Consumer Confidence index improved for the first time in seven weeks, rising by 2.4% last week. It is now... Read More
Tyro Doubles Loss In FY20, Blames Coronavirus, Bushfires
Retail point-of-sale company Tyro has blamed the bushfires and COVID-19 for a $38 million loss, more than double that of last year,... Read More
Kogan.com’s ‘E-commerce Revolution’, Sales Up 39.3% In FY20
Kogan.com’s sales increased by 39.3% in FY20 to hit $768.9 million, with gross profit growing at a similar rate of 39.6%, to... Read More
The Good Guys Sales Surge 11.2% As People Upgrade Appliances & Entertainment
Sales at The Good Guys have surged during COVID-19 lockdowns – the retailer’s total sales grew by 11.2% in FY20 to $2.39... Read More
NAB: ‘9.5% Drop In Consumer Confidence An Overreaction’
The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 9.5% in August, as Victoria enters Stage 4 restrictions and COVID hotspots pop... Read More
Most Households Using COVID Stimulus To Pay Bills
According to the latest ‘Household Impacts of COVID-19 Survey’ from the Australian Bureau of Statistics (ABS), most Australian households are using their... Read More
Kogan.com’s Profits Up 160%
Kogan.com has provided a business update for July 2020, revealing that the e-commerce retailer’s gross profit increased by more than 160% year-on-year... Read More
Costco Hurt By Melbourne’s 5km COVID Restrictions
Costco is feeling the pinch of Stage 4 COVID-19 restrictions in Melbourne, as the vast majority of customers live more than 5km... Read More