Category: Business

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 Book Depository coupon to get a great deal on your purchase.

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