We might not be allowed out due to COVID-19 restrictions but that won’t stop Australians from getting their beloved puffer jackets for Winter with Kathmandu Holdings (ASX: KMD) reporting online sales to be up 78% over the past six weeks. The business update comes as Katmandhu continues its gradual store re-openings where the global retailer
Read More
As one of the unluckier IPO’s to have listed on the ASX right before the coronavirus pandemic hit, craft beer company Founders First (ASX: FFL) is set for a much more active FY21 having secured 2000 new distribution points for their beer portfolio. From August 2020, packaged craft beers within the Founders First portfolio will
Read More
Despite COVID-19 having challenged the retail industry, consumers have substituted trips to the mall with online purchases in droves as evidenced by Zip Co’s (ASX: Z1P) results though May with the BNPL provider reporting a 78% increase in YoY monthly revenues to $15.6m. Beyond the significant increase in their online payment volumes, transaction volumes were
Read More
Wesfarmers (ASX: WES) has completed the first phase review of its iconic Target brand, confirming that its financial viability is not sustainable and that the majority of stores will be transformed into Kmart stores which better reflects the retail needs of Australian customers. The decision comes as Target has continued to see declining sales with
Read More
Diamonds may be a girl’s best friend, but possibly not for the small number of Michael Hill International (ASX, NZX: MHJ) employees told that their workplaces will remain permanently closed, even after COVID-19 subsides. It signals a likely trend in the global retail market where retailers will be undergoing gradual re-opening of stores but will
Read More
Popular fashion labels Noni B, Katies, Rockmans and Rivers will soon be re-opening their retail stores with parent company Mosaic Brands (ASX: MOZ) confirming they will undergo a progressive restart after closing their 1,400 stores in March due to coronavirus biosecurity. Despite its store network’s closure over the past six weeks, Mosaic’s focus towards online
Read More