Business
JobKeeper payment end: Lew softens JobKeeper stance as profit soars – The Australian Financial Review
Solomon Lew’s Premier Investments is seeing sales and margins surge as the COVID-19 recovery gathers pace, but heat over the group’s handling of JobKeeper isn’t…
Whats even more impressive is the acceleration of sales since then, with global like-for-like sales surging 32.1 per cent on the prior corresponding period, and the gross margin leaping a stunning 379 basis points.
Lew and McInnes insist the decisions taken at this time last year and then again around September two periods that coincided with COVID-19 lockdowns in Melbourne have underpinned this performance.
Having enough stock and enough of the right stock has meant Premier has been able to keep…
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