IVE Group Limited (ASX:IGL) announced that it has been notified by Coles Group that it plans to reduce the use of printed medium for catalogue. From 9 September 2020, Coles shall end the distribution of weekly catalogues that is presently printed and distributed by the IVE Group. The volume of weekly catalogues shall be ceased to around 7 million Australian households weekly via ~ 14k walkers nationwide.
Coles would boost the volume of in store copies of the catalogue and shall continue manufacturing the monthly Coles in store magazine.
The number of payroll jobs nationally remained steady throughout July 2020, while Victoria reported a drop in the same month, as reported by ABS on 11 August 2020. Payroll jobs dropped 1.5% in Victoria ahead of the initiation of Stage 4 COVID-19 restrictions in the state. From mid of March 2020, total job losses was 6.7%. Around 40% of the job lost in Victoria by mid-April had been regained by 25 June 2020. However, it got reduced by 24% by the end of July 2020.
Telstra Corporation Limited (ASX:TLS) Board Chairman, John Mullen declared Bridget Loudon as a non-executive Director of the Telstra Board. Bridget is an Australian born entrepreneur and business leader. She founded Expert360, Australia’s top skilled talent platform using sophisticated vetting and matching technology to connect over 1000 companies with more than 30,000 elite individuals. Bridget’s appointment is effective on 14 August and she shall stand for election at the Telstra Annual General Meeting later in 2020.
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