Business
Bubs boss sees healthy growth despite coronavirus hit to sales – Sydney Morning Herald
Bubs Australia chief executive Kristy Carr is confident the company can deliver healthy revenue growth in 2020-21 despite a 5 per cent decline in the June quarter.
Coronavirus restrictions smashed Chinese daigou sales in the quarter, sending total revenue down 5 per cent to $13 million.
The daigou sales channel is where Chinese tourists buy Australian goods to sell in China at a profit, but this category was slashed as sales via Chinese tourists, students and small professional operators disappeared as international flights were cut dramatically.
The rise in sales of Bubs products in China via e-commerce platforms such as Alibaba was not enough to offset…
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