TURNOVER (BUSINESS) – AUSTRALIA

Worst slump in history decimates retailing

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Original article by Patrick Commins
The Australian – Page: 4 : 5-Jun-20

Data from the Australian Bureau of Statistics shows that retail turnover fell by an unprecedented 17.7 per cent in seasonally adjusted terms during April. Clothing and footwear sales fell by 50 per cent as coronavirus lockdown restrictions took effect, while turnover at cafes and restaurants was down 35 per cent. Food retailers’ sales fell by 17 per cent after being boosted by panic buying in March. Australian Retailers Association CEO Paul Zahra says the worst may not be over for retailers, given that the economy is officially in recession and the unemployment rate is set to rise in coming months.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN RETAILERS ASSOCIATION

Aussie winner declared bad for the bookies

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Original article by Mark Schliebs
The Australian – Page: 6 : 6-Nov-19

TAB has reported that its turnover for the 10 races at Flemington on 5 November was $160.7m, which is 5.9 per cent lower than previously. TAB’s turnover on the Melbourne Cup itself was $106m. TAB processed up to 108,000 bets per minute on Cup Day, while the numbers of wagers process by Sportsbet peaked at 35,000 per minute. Racing Victoria CEO Giles Thompson says the fact that an Australian-bred and trained horse won the Melbourne Cup is likely to have affected bookmakers’ profits, as many punters backed the local horse.

CORPORATES
TAB LIMITED, TABCORP HOLDINGS LIMITED – ASX TAH, SPORTSBET AUSTRALIA, RACING VICTORIA LIMITED, BETEASY PTY LTD, LADBROKES GROUP PLC, MELBOURNE RACING CLUB

Christmas sales hope after November slip

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Original article by Patrick Commins
The Australian Financial Review – Page: 18 : 11-Jan-17

Data from the Australian Bureau of Statistics shows that retail spending in November 2016 was 0.2 per cent higher than October in seasonally-adjusted terms. Economists had expected growth of 0.4 per cent in November, after sales rose by 0.5 per cent in October. Meanwhile, economists note that anecdotal evidence suggests that retail sales improved in December.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, CAPITAL ECONOMICS LIMITED, RBC CAPITAL MARKETS, JP MORGAN AUSTRALIA LIMITED

Customers empty wallets in top malls

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Original article by Robert Harley
The Australian Financial Review – Page: 33 : 18-Mar-16

Australian consumers like to shop in big shopping centres. The 2015 annual "Big Guns" survey by "Shopping Centre News" shows that Chadstone in Melbourne recorded retail spending of more than $A1.4 billion in 2015. Michael Lloyd, of "Shopping Centre News", expects all the biggest 10 centres to generate turnover in excess of $A1 billion by 2020.

CORPORATES
GANDEL GROUP HOLDINGS LIMITED, VICINITY CENTRES – ASX VCX, SCENTRE GROUP – ASX SCG, MIRVAC GROUP – ASX MGR, WESTFIELD CORPORATION – ASX WFD