Will Amazon Convert Dead Malls Into Fulfilment Centres?
According to The Wall Street Journal, Amazon has been in talks with the US commercial property owner Simon Property Group about converting... Read More
Vic Premier Flips On Business Lockdowns
The Premier of Victoria Daniel Andrews has backed down on certain COVID-19 lockdown restrictions for businesses before they were even enforced, after... Read More
World’s Richest Retailer Sells $3B In Stock
Amazon CEO Jeff Bezos has sold 1 million shares in the e-commerce giant, worth approximately US$3.1 billion. While this is a hefty... Read More
Mobile Data Shows Sydney’s Activity Is Falling Again
According to analysis of movement data by UberMedia and Roy Morgan, the rising number of COVID-19 cases has resulted in a new... Read More
Retail Sales Down 3.4% In Q2, But Continue To Recover In June
Over the second quarter of the year Australia’s retail volumes fell by 3.4%, but they are showing signs of recovery, with overall... Read More
Retailers Bank On Online Shopping To Survive Melbourne Lockdown
Large and small retailers alike are banking on online shopping to help weather the financial impact of Victoria’s stage four lockdown, as... Read More
STAGE 4 LOCKDOWN Thousands Of Vic Workers Ordered To Stay At Home
MELBOURNE: Telecommunications companies and the media have largely escaped shut-down, as Victoria enters a Stage 4 lockdown, due to the surge in... Read More
NAB Online Retail Index Up 49.6%, Led By Groceries & Appliances
The NAB Online Retail Sales Index continued to improve in June increasing by 49.6% year-on-year and 0.2% month-on-month. “The year-on-year result implies... Read More
Amazon’s Sales Surge 40% As Shoppers Move Online
Amazon’s net sales increased by 40% year-on-year (y-o-y) to $88.9 billion in Q2 2020, as shoppers across the globe moved to online... Read More
Wesfarmers Bought Catch For $230M – It’s Now Worth $1B
In June 2019 Wesfarmers purchased Catch Group – which owns the ecommerce site Catch.com.au – for $230 million. Now, analysts and fund... Read More