Business
Victoria’s lockdown will disadvantage retail’s digital laggards – Sydney Morning Herald
The stage four restrictions in the state will accelerate the rush to online purchases and that’s bad news for retailers stuck in the digital slow lane.
By way of a different illustration, online-only retailer Kogan, which hit a share price record on Tuesday, boasts a market capitalisation of roughly $2 billion against the grand dame of department stores, Myer, whose market capitalisation sits at $160 million and for whom online sales represent just 10 per cent of overall revenue.
The retail standouts in the online space include Officeworks and JB-HiFi and Super Retail Group, which owns Supercheap Auto and Rebel Sport.
JP Morgan retail analyst…
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