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1.Market Observations, 8.Was Sticky

9 Sept 2019 (TheAge) – ‘On a good wicket’: Online sales a bright spot for dejected retailers

(9 September 2019, The Age, p12, By Dominic Powell)

‘Australia’s biggest retailers, such as Coles, Woolworths and JB Hi-Fi, have grown their online sales by more than 20 per cent in the past financial year, creating a bright spot in an otherwise gloomy trading environment. Online sales at electronics retailer JB Hi-Fi jumped 23 per cent in the last financial year and 25 per cent at Super Retail Group, which owns brands such as Supercheap Auto and Rebel Sports. The surge in online sales contributed between 5 to 7 per cent of total sales for the two major sellers. The Australian Bureau of Statistics last week reported retail sales in July, which analysts and the government had expected to see lift on the back of tax cuts that started flowing into bank accounts from mid-July, fell 0.1 per cent.’

Read more at TheAge.com.au

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