Business
ASX slides despite Wall Street highs; Zip jumps 12% to new record – The Sydney Morning Herald
The ASX 200 started in the red despite the S&P 500 and NASDAQ closing at all-time highs. Zip Co rose 12% on the launch of its Zip Business partnership with eBay
Managing director Shane Fallscheer said Lovisa began to see the impact of COVID-19 initially through its Asian markets in early 2020 as economic activity slowed in response to the spread of the virus in China.
The situation escalated to full store closures globally by the end of March.
Stores began reopening in Australia by mid-April, though comparable store sales still finished the year down 5.5 per cent. Comparable sales had been up 2.1 per cent after the first half.
Mr Fallscheer said trad…
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