Connect with us

Business

The Aussie fashion store bucking the COVID retail trend

Published

on

Retail stores among those ordered to close

The retail sector could be ready for a comeback, in Australia at least.

Universal Store has strengthened sales heading into the second half of 2021 with March quarter sales up 39.6 per cent.

The company floated on the ASX in November in an $280m IPO.

In an investor presentation, Universal Stores says like for like combined store and online sales for the quarter were better by 37.3 per cent.

“We are seeing our customers resume more aspects of their social lives with CBDs continuing to recover along with a return to domestic tourism.”

This reflects an acceleration of its sales performance from the first half of 2021.

Store sales were better by 19.1 per cent and online sales were up by 128.3 per cent.

However, Universal Store admits it is now entering an uncertain period where comparative sales measure becomes less meaningful. 

It said some pre-COVID shopping patterns were beginning to emerge.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Why the FAA is mandating Boeing 737 MAX inspections urgently

Published

on

America’s Federal Aviation Administration has issued an urgent directive, requesting that Boeing notify operators of 737 MAX airplanes to conduct additional inspections of the plane’s automated flight control system.

The directive enables Boeing’s recommendation to inspect planes with more than 6,000 flight hours be subject to specific electronic checks to become mandatory.

” Boeing fully supports the FAA mandate “requiring functional checks at certain intervals to the digital flight control system, stabilizer trim, and the primary and secondary aisle stand stabilizer.”

Boeing said.

MCAS, an automated flight control system on the 737 MAX, was tied to two fatal 737 MAX crashes that led to the plane’s 20-month grounding that was lifted in November.

Continue Reading

Business

Sites come back online following global outage

Published

on

Multiple organisations are slowly coming back online following a global cloud platform outage.

The ANZ, Bank of Melbourne, Westpac and Commonwealth Bank, and Bank West had all reported system issues with their mobile banking apps.

Users had been served with error messages while attempting to log in.

Commonwealth Bank earlier advised its customers they are investigating, so did other major banks.

Airlines offline

There had also been reports that several other websites, including Virgin Australia, Southwest Airlines, United Airlines, American Air and Delta Airlines have gone offline.

Allianz Insurance and CMC Markets are affected. ME Bank also reported “server issues”.

Australian website tracker DownDetector displayed an upsurge in access complaints across several major websites around 2:10pm

Ticker News can confirm Telstra and NAB have not been impacted by this outage, despite reports from Down Detector.

The issue was believed to be linked to problems occurring with CDN provider Akamai.

Sites are now coming back online.

Continue Reading

Business

The airline that flew a damaged aircraft

Published

on

A Qantas plane flying between two Australian cities was damaged on the ground before taking to the sky

The plane was loaded with passengers and was flying from Darwin to Brisbane in the country’s North.

But according to NT News, it was flying in the air damaged after a baggage handler drove machinery into the jet before it took off.

Many people were unaware they were on an aircraft that was damaged.

This flight reportedly took off last Saturday but engineers didn’t discover the damage to them until the next day — after it had landed.

Qantas says only paint was taken from the fuselage of the plane but It is believed the damage was caused when a belt loader hit the plane.

The Transport Workers’ Union is now calling on the Federal Transport Minister to begin a multi-agency investigation into Qantas’ safety systems because they are “concerned that passengers and workers lives are being put at risk.”

“As soon as it was reported to us, the aircraft was inspected in Brisbane, and engineers discovered a superficial scrape to the paintwork. Engineers used specialist equipment to confirm that there was no damage to the fuselage of the aircraft.”

Qantas Says.

The worker is understood to have been stood down while an investigation is carried out.

Continue Reading

Trending on Ticker

Copyright © 2021 Ticker Media Group Pty Ltd