Australian household sentiment dropped this month in response to a surge of coronavirus cases that exacerbated existing supply chain problems and prompted shoppers to turn more cautious.
National consumer confidence for January is at a 30-year low as WA shoppers keep spending, but the trends are likely to shift when the State borders reopen.
Harvey Norman chairman Gerry Harvey says daily rapid testing of staff will be introduced at the retail giant’s WA stores as soon as COVID-19 cases start to rise in the State.
The Swedish retailing giant has revealed its trend predictions for 2022 - and it’s all about decluttering.
Rebecca Le May
There’s been a bigger than usual post-Christmas slump in spending, as Omicron weighs heavily on shoppers’ minds. But there’s on thing Aussies are spending more on than ever.
JB Hi-Fi has warned earnings and net profit for the first half could slide more than 9 per cent after sales decline in the six months to the end of December.
A popular Melbourne cafe has back-pedalled after its offer of rapid antigen tests for customers who spend an exorbitant amount backfired.
Investors are bracing for more downgrades from listed retailers after Wesfarmers underlined the trading threat posed by February’s border reopening by revealing a profit collapse at its Kmart and Target stores.
Already battling supply chain and staff shortage nightmares, the supermarket giant has had to make a big call about a major supplier.
The Australian Open has jumped on one of the world’s biggest cryptocurrency crazes by launching a series of non-fungible tokens of coveted tennis memorabilia.
The huge impact of the Delta and Omicron outbreaks on Kmart and Target has been laid bare, but there’s one store that’s overperformed.
ACCC boss Rod Sims has slammed unscrupulous sellers of COVID-19 rapid antigen tests for massive retail mark-ups on at-home testing kits.
Wesfarmers has revealed the devastating impact of rising COVID-19 cases on its department stores in the lead-up to the Christmas trading period, with sales plunging amid staff absences and reduced footfall.
Sean Smith and Daniel Newell
The army of people needed to grow, process, transport, prepare and deliver food to your door has been decimated by Omicron, with no quick fix for a system that sells itself as just that.
While the big supermarkets experience stock shortages due to COVID delays, independent grocers in Sydney and Melbourne are reporting plenty of supply.
As the February 5 deadline for the State to reopen to the rest of the country, companies and leaders are getting ready for a rise in cases but say they are prepared.
Adrian Lowe and Stuart McKinnon
Skyrocketing demand for rapid antigen tests and a flurry of sales has led Coles to limit purchases and pull the tests from online sale.
Woolworths has introduced two pack buying limits on meat, toilet paper, and painkillers at their WA stores after supply issues and panic buying have seen shelves cleared.
With supermarket shelves resembling March 2020, Woolies has followed Coles and imposed limits on certain products.
Bunnings Warehouse shoppers may have had their personal data compromised in a massive cyber security breach.
Retailers in Melbourne’s iconic Chapel St strip have taken drastic measures as a third report having staff off work due to Covid.
Three of WA’s leading hospitality owners say the industry is unlikely to survive widespread outbreaks, and would support a delay to the scheduled border reopening if clear guidelines were established.
The chicken shortage isn’t just confined to KFC, with the share price of Ingham Group diving on news of supply chain issues stemming from worker shortages.
Apple said that developers have generated more than $US260 billion ($361b) in revenue since the App Store launched in 2008, up about $US60b from the figure it reported a year ago.
© West Australian Newspapers Limited 2022