Everyday Insurance Leading Insurance in Australia

Everyday Insurance Leading Insurance in Australia

One of Australia’s largest retailers, Woolworths Group, has a subsidiary known as Everyday Insurance. The company provides various insurance products, such as pet, travel, home, and car insurance.

Over the past couple of years, the insurance division of Woolworths has made significant changes to its offerings and the way it interacts with its customers. One of these is the launch of a digital platform that enables its customers to manage their policies.

In 2020, the company launched a new online platform that allows customers to manage their insurance policies. It features a chatbot that can help them with their inquiries anytime. The platform has been commended by its users, who appreciate its ease of use and convenience.

In 2021, the company launched a new car insurance product called Comprehensive Plus. It features a variety of benefits, such as a lifetime guarantee that covers repairs made by authorized service providers.

In addition, the company introduced a new pet insurance product that is designed for senior pets. It provides coverage for the costs of treatment for conditions and illnesses that are related to old age.

In 2021, the company launched a new claims process that allows customers to lodge their claims online. It also introduced a dedicated team that provides support to its customers during the claims process.

In line with its social responsibility and sustainability goals, the company also announced that it would donate $1 for every home and contents policy it sold in 2021. It additionally committed to reducing its greenhouse gas emissions and increasing its renewable energy usage.

To save when you purchase your Everyday Insurance policy, use a Everyday Insurance discount code.

Kathmandu undergoes a name change

Kathmandu undergoes a name change

The end of an era is in sight for Kathmandu, as the company that brought us Rip Curl is changing its name to reflect its expanded offerings.

In 2009, the company listed on the Australian Securities Exchange and became known for its camping equipment. It has since become a multi-brand company that includes Rip Curl and Oboz.

The new name is KMD Brands and it reflects the company’s heritage while also taking it into the future, where it has ambitious plans to double sales to over $2 billion and lift profitability to 15 per cent within five years.

The new brand identity makes it easier for consumers to understand what the company is about, and its commitment to being the world’s biggest outdoor brands.

With a goal of being the world’s biggest outdoor apparel company, KMD Brands aims to capture a larger portion of the $US12 billion market.

With a strong balance sheet, Kathmandu is in a good position to add more brands to its portfolio. The company is looking for companies that are founder-owned or private equity-owned, but are looking for someone with strong international expertise.

The company aims to reach international sales of around $100 million in the next five years. It’s targeting Canada, Europe, and the US, where it will compete head-to-head with companies such as The North Face and Patagonia.

In Australia, Kathmandu is currently leading the market, but it was hurt by the pandemic sales.

Oboz is a relatively new brand that the company is targeting to expand its reach in North America and Europe.

Aside from being innovative in technical gear the company is focused on being a leader in environmental sustainability.

Being a leader in the outdoor industry is one of the company’s goals, and it aims to achieve this globally.

The company’s name change will take effect on March 16, and its half-year results will be released a week later.The company has been facing increased freight costs and the closure of factories in Vietnam, which have affected its ability to fulfill orders for Oboz shoes.

For a great range of Kathmandu gear check out the range at TheMarket. You can save on your purchase at TheMarket with a TheMarket coupon code.

Endeavour Group’s profit rises

Endeavour Group’s profit rises

Endeavour Group is the biggest liquor retailer in Australia and under this company is Dan Muprhy’s 250 stores and 1392 BWS stores. Endeavour also has an ALH division which houses a portfolio of 293 hotels. These hotels contain over 12,000 poker machines and 290 TABs and Keno outlets. The size of Endeavour puts it in third position in Australia only behind Crown Resorts and Star Casino. Endeavour Group was created out of a demerger from Woolworths. When this demerger occurred, Woolworths share holders received one Endeavour Group share for every Woolworths share they held. Since then shares in Endeavour Group have risen 20 per cent to $7.21 which values the business at $12.5 billion.

This week, Endeavour Group announced that they will be giving their first dividend which will be 7 cents per share. The group had an strong 22 per cent increase in underlying earnings reaching $899. The strong result was partly driven by increasing profits from hotels. Endeavour Group reported a profit of $445 million which is a huge turn around from it’s $64 million loss in the previous year.

Sales from their retail liquor stores rose by $18 per cent to $669 million and their earnings from hotels rose to $261 million, an increase of $261 million. Hotels were hit hard during 2020 due to extended lockdowns.

Stores such as Jimmy Brings are challenging Endeavour Group with an explosion in online sales during COVID. Use a Jimmy Brings voucher to save when you’re craving a Jimmy Brings delivery.

Dramatic drop in retail property

Dramatic drop in retail property

One of the major casualties of the Coronavirus pandemic has been commercial real estate which has seen many businesses unable to pay rents and hundreds of thousands of people working from home.

In fact, the number of commercial real estate transactions that were completed in 2020 was half of the previous year showing what a catastrophic downturn commercial real estate has endured. This massive drop came after a record number of transactions in 2019. In 2020, investment into property dropped by a massive 54 percent to $8.8 billion compared to the previous year.

It was with little surprise that the property sectors that were most affected by the downturn was office space and retail. Many workers were forced to work from home and after being stuck at home for extended periods, businesses realised that working from home was the way of the future. Many big businesses are expected to drastically reduce the office space they rent.

In actual figure terms, the office sector was down 59 per in transactions and retail was down 56 per cent.
Research by RCA revealed that many developers changed their focus from office and retail properties to industrial property.

National Australia Bank’s Commercial Property Index which is a good measure of the property sector has shown that whilst there is some recovery happening, the sector is under a huge amount of strain with all the uncertainty.

Many retail stores that also have an internet presence have continued to perform well. Once example is Adairs who have both retail and online. Use an Adairs promo code to save when you shop there.

Australia records a monstrous Retail drop

Australia records a monstrous Retail drop

It didn’t come as a complete surprise but still left many shocked all the same with figures released today showing that Retail trade dropped by a monstrous 17.7 per cent in April. Spending has not been this low since 1995 showing how far the retail market dropped. The Australia Bureau of Statistics confirmed the figures and highlighted that it was the biggest ever drop in retail spending all due to the Coronavirus and resultant lockdown measures.
Preliminary figures released last month from Australia Bureau of Statistics predicted a 17.9 per cent fall for April so at least the true figures are slightly better than expected. This big jump is on the back of an 8.5 per cent jump in March where shoppers took to supermarkets and furniture stores to panic buy and prepare for isolation.
Most of the record falls were due to cafes, takeaway and restaurants where the options to trade were limited due to the lockdown requirements. The biggest loser was clearly footwear and personal accessories which declined by an enormous 53.6 per cent. Department stores didn’t fare as badly but still dropped 14.9 per cent.
Online stores have done well with many turning to online to feed their shopping habits. Stores such as Connor have performed well. Get a Connor promo code for your purchase.
The outlook for retail is expected to be fragile despite easing lockdowns and people getting back to regular life due to the job security. Australia is officially in a recession and people are not confident that the economy will recover anytime soon.

 

 

 

Coronavirus Change The Way We Buy Books

Coronavirus Change The Way We Buy Books

In this pandemic environment, consumer behaviour has changed quickly and in some ways unexpectedly. Books have been shown to continue to be popular during these times as expected with many taking the opportunity being in isolation to catch up on their reading.
Despite book stores being closed during this time, books sales during the month of April was up with people now buying their books online. In fact, history shows that even during great economic turmoils, books sales have always performed well comparatively.
In terms of categories of books that are selling, it comes as on surprise that books that cover travel or languages are not faring well along with books about business. Non-fiction books, gardening and home improvement books as well as cooking books are all doing extremely well during this time. Also proving popular are children’s fiction books and books focused on children’s education. With many children isolated at home, many parents are trying to find as much material as possible to ensure their kids are able to continue their education and not fall behind.
Amazon and Book Depository have been able to achieve even bigger sales that usual however it is also proving to be a boomtime for many smaller online book stores offering niche products or a great service. Use a Amazon coupon to get a great deal on your purchase.

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