David Jones Set To Sell Flagship Properties In Sydney & Melbourne
David Jones is about to commence the process of selling off $1 billion of properties, with The Australian reporting that promotional material... Read More
Retailers Call For Flexible Rent Structure That Can Go Up Or Down
At The Australian Financial Review Virtual Retail Summit that was held yesterday, multiple sector stakeholders put their support behind a more flexible... Read More
Myer Slashes 90 Jobs From Head Office
Myer has made another 90 employees from its Melbourne head office redundant, and redeployed another 45 people, as the COVID-19 crisis continues... Read More
BIG W Sales Surge By 27.8%, But Stock Running Low
BIG W has recorded significant growth since the COVID-19 pandemic, witnessing sales growth of 27.8% in Q4 FY20 to date (that is,... Read More
Retail Trade Makes A Major Recovery, Up A Record 16.3%
According to the ABS’s preliminary retail trade figures for May, Australian retail turnover rose by 16.3%, though this followed the largest ever... Read More
JB HI-FI CEO Expects WFH Trend To Stay
JB HI-FI CEO Richard Murray expects that the work-from-home trend kicked off by the COVID-19 lockdowns will remain a permanent fixture of... Read More
Sales At JB HI-FI & The Good Guys Surge By Over 20%
In the second half of FY20 to 31st May JB HI-FI Australia’s sales increased by 20%, while The Good Guys’ grew by... Read More
Kogan.com Successfully Raises $100 Million
Kogan.com has successfully completed the $100 million placement that it launched yesterday, at an offer price of $11.45 per share. This represented... Read More
NAB Cashless Retail Sales Index: ‘Strong May, Off A Very Weak April’
The NAB Cashless Retail Sales Index has estimated that retail sales in May will record strong positive growth on a month-on-month basis,... Read More
Consumer Sentiment Rebounds 16.4%, Close To Pre-COVID-19 Levels
The Westpac-Melbourne Institute Index of Consumer Sentiment improved by 16.4% in May to reach 88.1, up from the “extremely weak” 75.6 of... Read More