Summary Due to the controlled situation of COVID-19 in Australia, retailers saw shopping patterns return to moderate levels. Retailers like Woolworths had eliminated purchase limits across their stores across the country. The sudden spike in t...
Summary Consumer Discretionary sector was amongst the sectors impacted adversely during the COVID-19 crisis. Within the retail industry, a move towards online transactions helped companies mitigate the impact of falling sales from physical stor...
Retailers have also been significantly hit by COVID-19, and rising unemployment is among the risks on spending decisions of households, especially discretionary spending. Some may not return to stores for some time, as shift to digital has been int...
Three consumer-focused companies listed on ASX released significant market updates today. Collins Foods, the operator of KFC and Taco Bell, has disclosed strong performance and final dividend for FY20. Retail Food has been advised by ASIC regarding...
American multinational technology company, Amazon.com, focussed on e-commerce, cloud computing, digital streaming and artificial intelligence, is planning to build new facilities in Australia, given the surging demand for products from the online p...
With the advent of the digital age, classic retailers with physical stores went through their share of struggles. The last few years witnessed an uptick in technology-driven online platforms, resulting in the rise of online shopping. Also, som...
As the coronavirus (COVID-19) pandemic situation remains unresolved, technology has turned out to be a saviour for businesses to reach home-stricken consumers online. Amid social restrictions and other measures to contain the virus spread, retail b...
The fashion retailers all across the globe have been walloped due to the coronavirus crisis. With travel restrictions, people are limiting themselves from being a part of big gatherings, doing work from home, everyone is busy practising soc...
NOVONIX LIMITED (ASX: NVX) is an integrated supplier and developer of high‐performance services , equipment and materials for global lithium‐ion battery (LIB) industry. It has currently been an exciting phase for the Company as it transitions ...
Amidst COVID-19 outbreak, people were deprived of their day to day livelihood due to government imposed lockdown, leading to plummeting foot traffic at brick and motor stores. This fall was followed by a wave of stores closure by multiple retailers...
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