Retailers Lose Out on $100 Govt Voucher Purported To Boost Economy
Despite a tough retail year, consumer electronics companies have been snubbed on the state budget’s new $100 voucher issued out to adults... Read More
Tech Retailers Stock Take A Dive After Melbourne Lockdown Lifted
Consumer electronics retailers took a share market dive on Monday after the announcement Melbourne’s 112-day lockdown would finally be lifted. Investors looked... Read More
Retailers Beware: Aussie Shoppers Will Spend Much Less This Christmas
A consumer report has found Australian shoppers are planning to spend 30% less on gifts, food and social events this Christmas as... Read More
CE Distributors & Retailers Being Probed By ATO Over JobKeeper Payments
Distributors, consumer electronic suppliers and retailers who took Government money during the COVID-19 crisis are now being investigated by the Australian Tax... 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
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
‘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
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
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
Will CE Retailers In Vic See Another Surge During Round 2 Lockdowns?
While the retail sector as a whole was hit hard by the first round of COVID-19 lockdowns, the country’s major CE retailers... Read More