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COVID panic buying boom over as Australians shop on Sundays again – ABC News
Coles noted the trend in its quarterly results. Meanwhile, Premier Investments is poaching the top boss from JB Hi-Fi. Follow all the Australian sharemarket news…
The end of panic buying may be a positive sign that people’s behaviour is returning to normal after the COVID crisis, but for some major retailers it also means fewer sales.
Key points:
- Coles has seen a decrease in sales compared to March 2020 when Australians were panic buying
- Other retailers that benefited from the COVID bubble were also starting to see that decrease
- Internationally, some of the world’s biggest companies are releasing their results in the US this week
The major supermarket Coles…
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