-
Subscribe
Subscribed
Already have a WordPress.com account? Log in now.
(5 February 2020, The Age, p12, By Dominic Powell) ‘Poor trading and a failed funding agreement have led to the collapse of women’s fashion retailer Colette by Colette Hayman, placing 140 stores and hundreds of jobs at risk in the ongoing brutal retail environment. The handbags, jewellery and fashion accessories brand was put in the … Continue reading
(16 October 2019, The Age, Business, p31, By Lucy Battersby) ‘Unexpected profit warnings from consumer-facing companies led to dramatic falls on the stock market on Tuesday with Southern Cross Austereo dropping 18.6 per cent on a weak advertising market and Nick Scali furniture falling nearly 14 per cent due to fewer customers and lower sales. … Continue reading
(14 June 2019, The Age, Business, p30, Stephen Bartholomeusz, Senior business columnist) ‘The downgrades to Kmart and Target department store sales and earnings that Wesfarmers announced ahead of its annual strategy briefing today is consistent with the depressed state of consumer confidence and a weakening economy and adds to the pressure on the Morrison government … Continue reading
(1 March 2019, The Age, Business, p21, by Patrick Hatch) ‘Retail veteran Gerry Harvey has warned there is no end in sight to the economic headwinds that are battering consumer confidence and in turn causing a slowdown at the nation’s cash registers, saying his hopes remain pinned on overseas investments to deliver growth.’ Read more … Continue reading
(27 December 2018, The Age, p1, by Eryk Bagshaw) ‘Department stores are set to be hammered by one of their worst holiday shopping periods since the global financial crisis, with a survey commissioned by its own retailers association predicting a measly 0.4 per cent growth rate over the crucial post-Christmas sales. The paltry figure is … Continue reading
(8 August 2018, AFR, p39, by Nick Lenaghan) ‘Reduced spending on clothing and footwear combined with a growing market share in spending taken by e-commerce will weigh on shopping centre income over the next decade, according to BIS Oxford Economics. Adding to those headwinds are the cyclically weaker retail environment and the prospect of softening yields, or falling capital values, to … Continue reading
Aussie Sharemarket Barometer 