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Wesfarmers Limited has provided a COVID-19 update stating the impacts on its retail operations in metropolitan Melbourne after Victorian government declared further measures to stop the spread of the virus including restriction of retail trading activity from 5 August for 6 weeks. They stated that the retail businesses shall continue to operate through home delivery and contactless options. While Bunnings stores can remain open for trade customers, Kmart and Target stores in the Melbourne metropolitan region will be unable to service in-store customers.
Officeworks stores would cater to business customers but shall remain closed for in-store customers. MSL Solutions Limited (ASX:MSL) has signed a revenue sharing Merchant Agreement with BNPL payment solution provider Openpay Group Ltd (ASX:OPY). Under this agreement, OPY’s BNPL offering would integrate with MSL’s golf and membership products, enabling participating golf clubs to include Openpay’s BNPL plans as a payment option for member subscription fees. The agreement is for 3 years and consists of a phased rollout of Openpay’s BNPL offering to MSL’s Golf customers in Australia.
Poultry provider Ingham’s has warned its Victorian operations will be impacted by stage four COVID-19 restrictions, raising concerns the state could face a chicken shortage. In an update to the Australian Stock Exchange, the major chicken provider to KFC and supermarkets said it had been forced to reduce staff numbers at its Thomastown and Somerville processing facilities. Its Thomastown meat processing facility only reopened on Monday after a two-week shutdown caused by a coronavirus cluster outbreak. The company said it was still awaiting formal directions by the Victorian Government, and the financial impacts of the shutdown would be better understood in coming weeks.
#ASX #MSL #OPY #COVID19 #KALKINE
