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Retail spending down 3.4% in June quarter – Australian Associated Press
Retail sales in Australia fell by 3.4 per cent in the June quarter amid coronavirus lockdowns, which is the biggest drop since the GST was introduced in 2000.
Cafes, restaurants and takeaway food services were the hardest hit (-29.1 per cent), according to seasonally adjusted data from the Australian Bureau of Statistics.
The bureau revised its estimate of retail sales in June from a gain of 2.4 per cent to 2.7 per cent.
June was the first full month of trade…
NSW Kmart stores introduce ‘click and collect’ service – 9News
Kmart stores across NSW have introduced a "click and collect" service to help control social distancing with customers instore.
Lazard no longer substantial AMP shareholder – The Australian Financial Review
Local value investor Lazard Asset Management sold down stake in troubled wealth management group AMP, which has announced Kylie O’Connor will replace outgoing property boss Carmel Hourigan.
Ms O’Connor, who joined the group in 2015, is currently chief operating officer of AMP Capital’s real estate business and will now be responsible for the $28 billion worth of investments in the unit. She will be replaced by Luke Briscoe, managing director of AMP Capital office and logistics business.
Mr Pahari said Ms O’Connor, a former employee of Lend Lease and Arthur Anderson, was a “great leader” and her promotion was testament to the “strong talent” in the real estate group.
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