Business
Blackmores says COVID slashes store sales but vitamins giant’s profits still rise – NEWS.com.au
Blackmores says COVID slashes store sales but vitamins giant’s profits still rise
Vitamins giant Blackmores has flagged a second half sales slump as shoppers focus on the COVID-19 vaccine rollout instead of its products.The company booked a modest 4 per cent rise in statutory net profit to almost $19m for the six months to December 31 on Wednesday.
However, the health crisis had had a negative impact on traditional retail channels and shopper behaviour, chief executive Alastair Symington said.
Travel restrictions have meant fewer “daigou” shoppers – often international students…
-
Noosa News16 hours agoStreet in Italy named after Tassie farmer for kindness shown to Italian POW
-
General21 hours agoBuoyant Albanese plots next phase of Labor dynasty
-
Noosa News17 hours agoWhen ‘Wednesday’ Island Pops Up in Australia, So Will Jenna Ortega, Emma Myers and Tim Burton
-
Business10 hours agoBuy alert! 2 ASX 200 blue-chip shares worth a look now: expert