#AustralianRetail

Australia’s Retail Sales Stall In July, Defying Economists’ Predictions of Growth

by
Australia’s Retail Sales Stall In July, Defying Economists’ Predictions of Growth

Contrary to forecasts by economists of a 0.3% rise in July, the retail trade figure remained static at 0% for the year after upbeat results in May and June, according to the latest data by Australian Bureau of Statistics. While June saw a rise of 0.5%, retail sales were unchanged during July, as spending on … Read more

Booktopia Emerges From Administration After digiDirect Acquisition

by
Booktopia Emerges From Administration After digiDirect Acquisition

This is a representational image Australia’s largest bookseller Booktopia was recovered from financial ruin after being acquired by the owner of digiDirect. After the completion of the deal last week, Bookstopia immediately resumed trading, allowing book lovers to continue shopping from their beloved brand. digiDirect made the quick acquisition thanks to the owner, Shant Kradjian, … Read more