A record Black Friday trading week has primed Premier Investments for buoyant Christmas trade, Boxing Day and back-to-school sales that will help drive sales and earnings growth this year.
Customers snapped up new 2023 ranges across its brands, which also include Dotti, Just Jeans, Jay Jays, Portmans and Jacqui E. The group achieved record sales during this year’s Black Friday event including its highest-ever global online sales from a trading week. “There is full employment. There’s an expectation of higher wages, so there’s going to be more money in the pipeline so from our perspective, we’re very happy with rate of employment,” he said.
“We’ve bought well, we’ve got our plans, we know how to trade it. As a management team, we can only control the levers we have got. But I think certainly from Sol down, [we are] very focused on managing risks,” he said. Mr Lew questioned if shoppers wanted to go to Myer given its $3 billion or so in sales and little profit to show.“You might be disappointed with the Christmas windows currently. Well, you should go out and look. I’m not saying they are bad, they are underinvested,” he told media.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telstra puts retail energy business on holdThe delay of Telstra’s planned energy retailer is the latest example of the volatility that has engulfed the local market for the past few months.
Source: FinancialReview - 🏆 2. / 90 Read more »
Three dead in Sydney road crashes on Friday nightThree people have died in two road incidents on Friday night, after a separate crash on the M4 saw three people hospitalised on Friday afternoon.
Source: smh - 🏆 6. / 80 Read more »
Premier gives $25,000 of taxpayer funds to Charlie Teo charityDonations from Dominic Perrottet and Gladys Berejiklian now total $125,000 since 2018. Charlie Teo has effectively been prevented from operating in Australia.
Source: smh - 🏆 6. / 80 Read more »
House Democrats elect Hakeem Jeffries as first Black leader in CongressNew York congressman will assume role of minority leader early next year, inheriting position held for decades by Pelosi He will be GOP's worst nightmare A truely momentous moment. One day the US might even elect a black president, as far fetched as that sounds
Source: GuardianAus - 🏆 1. / 98 Read more »
Bishop stuns in figure-hugging black dressThe former foreign minister has been snapped at several high-profile events alongside entrepreneur Luke Hepworth since her split with long-time partner David Panton back in July. Look everyone it's ASBESTOS JULIE 🤮🤮🤮🤮 Imagine my surprise when I stumbled across a video on youtube of Julie Bishop at Davos 2020, talking about decoding the Human Immune System. Oh, please.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
China’s vice-premier signals shift in Covid stance as some lockdowns easedSun Chunlan says Omicron less pathogenic as Beijing appears to respond to zero-Covid protests by relaxing some measures
Source: GuardianAus - 🏆 1. / 98 Read more »