Adairs Limited (ASX: ADH) has provided update on the ways it had managed its business during the 5-week store closure to 3 May 2020. It is also progressing towards re-opening its stores.
- Online sales exceeded expectation and improved by 221% during this period.
- Total Australian sales dropped by ~ 37% as compared to the previous corresponding period.
- Mocka Australia sales boosted 151% on the previous year through this phase.
- Mocka New Zealand resumed operations on 28 April 2020. Strong sales noted from this.
- Stores would reopen from 7 May 2020 and all the stores are expected to reopen by June 2020 end.
- The company has registered itself for JobKeeper in Australia and it is negotiating with the landlords.
Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform.
All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
