Retail in Australia has changed forever as a result of COVID-19 with Mosaic Brands (ASX: MOZ) the first large ASX-listed fashion retailer to announce mass closures of their retail network where up to 500 clothing stores will close permanently over the next two years. The announcement to reduce their network of more than 1,333 stores,
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Through COVID-19, one of the better problems for retail businesses has been to not qualify for JobKeeper support, and is the case for Baby Bunting (ASX: BBN) which reported bumper FY20 sales of $405m, an 11.8% increase on the previous year. Strong results for the baby products retailer come despite disruption caused through the pandemic,
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If you have been listening to some analysts, Australian specialty retail is dead in the water; Customers are apparently all shopping online with large overseas mega-retailers. However, some specialty retailers are apparently bucking the supposed trend. Enter Adairs (ASX: ADH), who with yesterday’s earnings report, reminded Australian investors that there are still gems to be
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Shoppers engaging in retail therapy despite the spectre of even more serious job losses and mounting evidence the virus is far from vanquished. According to the Australian Bureau of Statistics, retail sales rose 2.4 per cent for the month of June, to $29.7 billion. This was an 8 per cent rise on the previous June
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Tech retailer Harris Technology (ASX: HT8) has continued a strong financial turnaround which has been driven by its online sales and led the retailer to reach number one in the Amazon Australia seller rankings according to research firm Marketplace Pulse. The ranking is based on customer feedback following purchases on the Amazon Australia platform where
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The Advisors at Emerald Financial recently released a Speculative Buy report on Crowd Media (ASX: CM8). The Company has benefited from the growth in online-specific retail, something that has thrived through the COVID-19 pandemic due to isolation restrictions. Just look at a few of the more well-known ASX-listed retail companies that sell solely online have
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