COVID fear and supply famine join to decimate Kmart, Target’s earnings

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Opinion: Faced with the prospect of playing dodgeball with Omicron, consumers are staying away from shops in droves, writes Elizabeth Knight

Omicron has put the ‘discretion’ back into discretionary retail. Faced with the prospect of playing dodgeball with the virus, consumers are staying away from shops in droves.- the owner of Kmart, Target, Officeworks and Bunnings.

The combination of low customer traffic and the early lockdowns has prompted Wesfarmers to pencil in a 10 per cent drop in sales from discount department store brands Kmart and Target combined for the six months to December 2021.

While Officeworks, Target and Kmart have been hit, Wesfarmers provided limited clarity around the earnings from its flagship Bunnings - saying only that in the half to December its performance was pleasing.

 

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Not consumers who know the difference between media driven corporate spin and sound science. They're not afraid of seasonal flus

Can’t do capitalism ScottyFromMktg scottytheliar liarfromtheshire

Let it rip baby 🤘

That’s enough Omicron, no more!

It's almost as if science denying conservatives lack any idea on how to run a state, country or economy. They are too busy watching 1980's reruns.

Last year this period when Covid cases in the US around 200k, they were worried about the hospitalization's rate, and the Gov imposed all sorts of restrictions. This year we've reached 800k+ cases each day, and the restrictions are much less severe than last year, so don't panic!

Might not be just the virus. The requirements for masks and check-ins are a major deterrent.

Those same businesses that wanted the doors flung open

Media is feeding this hysterical reaction. Omicron isn’t spreading in supermarkets, it is in pubs and nightclubs.

ScottMorrisonMP Destroying the economy one failure after another LNPfail

having parties instead and spreading herpes....I mean covid

The US couldn't prevent a catastrophe with more than 800,000 deaths with the live with covid policy. While China maintaining a zero covid policy managed to keep deaths below 5,000. Which approach is preferable?

Origin of Covid-19 coronavirus. The WHO must investigate all evidence especially in countries where there are early reports of the coronavirus appearing.

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