in trying to claw back some costs, adding: “We think we’ve got our offering right, and we think we’re back.” Time – and pizza – will tell.Bed linen, towels and cushions reduced by up to 60 per cent!
You would have thought customers of Adairs, the homewares retail chain, would be breaking down those doors … Not quite. The group reported that sales at its stores had fallen 8.9 per cent for the first seven weeks of the new financial year. According to CEO Mark Ronan, shoppers battered by inflation and rising mortgage interest rates just cannot be tempted into buying extra towels and doonas – not even by huge discounts.Ansell, the Australian firm that describes itself as a global protective clothing company, reported a 6.6 per cent drop in profit in the past financial year, after sales hit record highs during the pandemic.
Much of that growth is due to the fact there are more cars on Australian roads … and the average age of those cars is also increasing. In fact, the perfect Bapcor customer is a motorist driving a car that is at least four years old.Online furniture retailer Temple & Webster posted a 30 per cent drop in full-year net profit, prompting CEO Mark Coulter to tell the media that the retailer’s Millennial-focused customers were “trading down”.
It means that even among younger consumers, we are keeping a close eye on our spending, prompting Lovisa’s CEO, Victor Herrero, to describe the lower spending by Gen Z as “a great white space”.
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