Trades I think it varies hugely.busy as he'll for trades
That's true it's mainly residential I've been speaking to.Trades I think it varies hugely.
Residential are perhaps busy (?) but I know some doing commercial work only and they are completely idle at present, all work has come to a complete halt, and they're actively considering a change of business focus.
I think it varies hugely depending on what trade, what segment of the market and what location.
You went quiet.If it counts for anything, in the pre COVID times, I would get messages from recruiters on LinkedIn offering jobs. Let's say about 2-3 a week on average.
During COVID times, no messages, although I didn't have trouble finding myself a permanent role to switch to from my contracting work in April.
This week I have been contacted twice so far about 3 different roles, so looks like IT recruitment is starting back up.
Yes saw a huge queue outside a 99bikes last weekend and the local guy I drive past most days always busy.All gym equipment, push bikes, outdoor activities are selling well.
If there were expectations that customer preferences would be switched to online only, you can just throw that in the bin right now.
I was out today and it was the same. Guaranteed second wave of coronavirus. People were everywhere. I did notice that sentiment shifted a few weeks back that scared me out of the market on shorts.Some of my winter warm clothes are getting a bit thin and the weather is turning so I decided I'd buy some stuff online at Bonds. Bought some trackpants and a hoodie, and they advertise it as "Australian cotton" but it is made in China.
It turned up and wasn't very good. Trackpants were thin, hoodie not warm, strange proportions etc.
Today my partner suggested we go to Uniqlo which is a Japanese brand popping up all over Sydney, very successful, to get better stuff. It was a nice day so we walked to Hurstville Westfield.
What can I tell you, I'm revising the XJO 9,000 forecast to XJO 10,0000, maybe XJO 50,000.
The shops were packed full of people ignoring social distancing.
The line to pay at Uniqlo was huge, maybe 10-15 minutes wait to pay and a similar line of people waiting for fitting rooms.
A chain I have never heard of, "TK Maxx" which pretty much looked like the clothes section of a Target, had two lines of people waiting patiently to get in.
I saw one guy wheeling a full trolley of homeware junk and a trampoline out of Big W.
The only stores that didn't look like they were printing money were the ones who had remained closed and jewellers.
Outside the Westfield, all the Asian grocers were as full as always and the several consecutive Chinese BBQ shops all had lines of people on the street waiting for their Saturday BBQ pork and duck like normal.
If there were expectations that customer preferences would be switched to online only, you can just throw that in the bin right now.
Follow the trend through data, not your general observation.
I also fear it. I can still see some caution around but not enough. A second wave is a normal occurrence that I am not sure people really appreciate. It can start from VERY small numbers. We are however well geared to treat early, but I dread the reaction of trying to perform another shut down. I reckon we are doing the right thing in coming out of lock down but not sure we have stressed the caution well enough.Some are keeping distance but too many aren't. I fear the relapse.
The Australian Financial Security Authority (AFSA) released the personal insolvency statistics for the December quarter 2019. Personal insolvencies continued their downward trend with a 10.6% percent decrease compared to the December 2018 quarter. This brings total personal insolvencies to their lowest level since 1996.
The fall was consistent across Australia, with all states and territories registering a reduction in new personal insolvencies, apart from the ACT, which saw an increase of 7.9%.
Personal insolvencies fell across all three types of appointments. Bankruptcies were down 8.3% to their lowest level since 1994. Debt agreements saw another large drop of 21.5% nationally, taking them to their lowest level since 2008. Personal insolvency agreements also fell by 27%, taking them to their lowest level since records began in 1986.
This was flagged months ago.Target stores are now the target. .
Big holes in retail shopping centres and in regional Australia
Target shuts up to 75 stores and converts others to Kmart, putting up to 1,300 jobs at risk
Up to 167 Target and Target Country stores will be shut or converted to Kmart sites, putting as many as 1,300 jobs at risk.
Key points:
The retailer's owner Wesfarmers is shrinking the struggling chain.
- Between 10 to 25 Target stores will close
- An additional 10 to 40 Target stores will be converted to Kmarts
- About 52 Target Country stores will be converted to Kmarts, while the remaining 50 stores will be closed
With more than 280 Target stores in Australia, the restructure could see more than half of the Target store network gone.
https://www.abc.net.au/news/2020-05...e-closed-down-others-to-be-converted/12275390
anticipated by market, WES share price hasn't movedThis was flagged months ago.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?