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Adore Beauty results improve

A drop in the share price of Adore Beauty has wiped out millions of investors’ money despite the company’s chief executive assuring that sales will pick up.
The stock price of the online beauty retailer closed at $2.48 on Tuesday, which left most investors underwater since it floated in October 2020.
The company’s revenue growth slowed to 14 per cent in the first half of 2022, as it spent heavily on marketing to attract new customers.
After-market analysts lowered their second-half sales growth expectations for Adore Beauty. The company’s share price fell almost 8 per cent.
During the company’s earnings call, Adore Beauty did not provide a firm profit guidance for the second half and said that they expected the weaker sentiment to be temporary.
During the call, O’Neilly noted that the company’s promotional events during March and May would help boost sales and retention.
The company, which carries more than 200 global beauty brands, said it benefited from the success of its promotional events.
After reaching a high of almost $2.89, the stock immediately ended the day at a record low of $2.50.
A trader noted that the sudden drop in the share price might have been caused by investors reassessing the company’s growth potential.
Despite the company’s profit miss, Adore was still profitable and would still grow at a rate of around 30 to 50 per cent annually.
It has been a rocky year for the company since its IPO. Justin Ryan, its former chairman, left the company to start a new private equity firm with Kate Morris, the founder of Adore.
The company is also looking to expand its reach in Australia’s beauty and personal care market, which is valued at over $1 billion.
Revenue grew 18 per cent in the first half of the year, largely due to the return of customers. The average order value also increased by almost 5 per cent.
The company’s sales grew at a slower pace in the second quarter, as it continued to shift its focus to online.
To get a great deal at Adore Beauty, use an Adore Beauty coupon code to save on your purchase.

Best & Less building up inventory

Best & Less, along with many other retailers, are using a strategy of increasing their inventory holdings in preparation for a flood of customers once restrictions due to Covid ease. Retailers are building up inventory as supply chain issues and higher shipping costs have the potential to cripple retailers.
Best and Less have 245 stores in Australia and New Zealand and recently became a publicly listed company in June. Chief Executive Rodney Orrock has a positive view of the companies future despite the lockdowns plaguing the country. Orrock believes that they will experience one of the biggest Christmases for retailers this year and is hopeful that stores will reopen in October in the largest markets, New South Wales and Victoria.
Best & Less was previously owned by a private equity group, Allegro Funds. It was then listed in June and is expected to meet it’s prospectus target provided lock downs are eased in the coming months.
One of their key product lines are kids clothes which are one of their reliable performers because kids outgrow their clothes quickly so their parents continue to spend.
With the constant lockdowns Best & Less are concentrating their efforts in improving their online platform to ensure an easy and intuitive experience for it’s buyers.
To save when you shop at Best and Less, use a Best and Less coupon code to save.

Panic buying puts restrictions on alcohol

One of the big phenomenoms of the Coronavius outbreak is that, despite there being no restrictions of movement to supermarkets, people are stockpiling groceries in massive amounts. It has been over 6 weeks since the coronavirus kicked off panic buying and you still cannot find any toilet paper, hand sanitiser, pasta very easily.

The government has done it’s best to convince everyone that there is more than enough goods for everyone but that has done little to stop the stock piling. Much to the horror of most people, liquor stores are now starting to implement limits on alcohol purchases. This limit has been initiated by Retail Drinks Australia.

Major alcohol retailers such as Dan Murhy’s, First Choice Liquor and others have implmented limits such as 12 bottles of wine and two slabs of beer per transaction.

As expected many voiced their displeasure at the limits saying that booze should be exempt from restrictions during these tough times.

Retail Drinks CEO Julie Ryan said that they are doing their bit to encourage people to feel like there is sufficient supply during this time of crisis and they wanted to also promotote responsible drinking. People are starting to get nervous and worried that bottle shops will be required to close down like restaurants and pubs.
Retail Drinks are trying to ensure bottle shops stay open and should be considered an essential service.

If you’re determined to stay home and isolate then a good option is to buy from Jimmy Brings. Jimmy Brings deliver to your door and with a Jimmy Brings promo code you can get an even better deal.

Airport retail’s extended suffering

As the Coronavirus restrictions ease, one area of retail that have no choice but to remain closed is Airport retail stores who are allowed to open but have virtually zero foot traffic due to travel restrictions that are currently in place.

Although there are many planes coming and going from Australian airports, most of them are cargo planes only and void of customers. Some stores that remained open, such as pharmacies, sometimes did not see a customer for up to 7 hours.

Planes now are loaded very differently than when they were loaded with passengers in the cabin and cargo in the cargo hold. Now airlines are trying to maximise the profit of each flight and packing the cabin with cargo.

There may be some reprieve in site for the retail outlets that were able to ride out the disaster. Fortunately Australia has performed flattening the Coronavirus curve so now flights are slowly ramping up with Qantas and Virgin announcing an increase in flights.

Retail in general is slowly ramping back up. Many stores have turned to online to make up for the shortfall in foot traffic. Stores like Esther & Co have done well with their online store during these times. Many customers have been shopping online at Esther & Co and using a Esther and Co discount code to save on their purchase.

As retail ramps up further, many are hoping that they will be back to at least 50% off what it was before Coronavrius.

Coronavirus creates record retail results

March was a massive month for retail as the world was shook up with the Coronavirus. The ABS has reported that in March, Australia recorded retail sales up 8.5% driven mostly by the panic buying and online shopping spurred by the current epidemic. This is compared to a 0.5% increase in retail in February.
The result was not a surprise as there was plenty of news around indicating that Australians were buying groceries in massive numbers and continued to do so in April. The ABS is expecting huge numbers for April as well with a rise of 8.2 percent.
The demand for food retailing and household goods in March was phenomenal and unprecedented with Australians preparing for a long battle with the Coronavirus. Unfortunately the businesses that have suffered during this time is clothing, cafes and other food services with a massive drop in business mostly due to government controls over their trading.
It’s not much of a surprise but during this time online shopping has increased dramatically with a huge jump of 5.6% compared to the previous month. Online retail now represents a huge 9.7% of all retail sales. Although this figure has risen it does also show that retail sales are slowing in general. There were big jumps in Alcohol and Grocery and therefore Woolworths and Dan Murphy’s were big winners.
Online stores such as Catch and Amazon were big winners in the online space with huge sales from people stuck in isolation. Use a Catch discount code for big discounts from Catch.