Harvey Norman Buoyed By COVID-19 Despite OS Slump
Harvey Norman’s Australian franchisees have delivered growth of 7.4% in FY20 year to date (ended 31st May). This growth has been led... Read More
Kogan’s Gross Sales Rise By More Than 100%
The Australian e-commerce site Kogan.com has witnessed significant growth during the COVID-19 crisis, with the retailer recording year-on-year growth of 100% in... Read More
ABS: Record Falls In Personal Retailing & Department Stores In April
According to the final Australian Bureau of Statistics (ABS) Retail Trade figures for April, the sector’s turnover fell by 17.7%. This is... Read More
Macquarie Analysts Tip JB HI-FI To Outperform
Macquarie analysts expect JB HI-FI to outperform previous forecasts, raising their price target to $41 per share. As of 11am today JB... Read More
Aussie Dollar Hits Four-Month High
The Australian dollar (AUD) has reached a four-month high, hitting US67.94 cents as of this morning. A number of distributors told ChannelNews... Read More
ARA: ‘Retailers Need More Flexible Trading Hours’
The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to... Read More
Wesfarmers Boss ‘Businesses Need To Think About Diversifying Supply Chains’
Rob Scott – the CEO of Wesfarmers, which includes Bunnings, Catch, Kmart and Officeworks – has stated that Australian businesses should consider... Read More
Official Wesfarmers To Close Target Stores
In order to further accelerate the strong growth that Kmart has witnessed since the onset of COVID-19, Wesfarmers has outlined a plan... Read More
Retailers Hit By Higher Tap-And-Go Fees
Contactless payments have risen substantially during the COVID-19 pandemic, which has resulted in higher fees for smaller retailers, as banks send contactless... Read More
Kogan.com Set To Move Into Homewares & Furniture With New Acquisition
Kogan.com has acquired the Australian, family-run furniture company Matt Blatt for $4.4 million. “Our acquisition of Matt Blatt gives us a springboard... Read More