This year’s Black Friday deals were some of the best that Australia’s ever seen. But it’s uncertain if retailers can offer the same next year,as discounts eat into margins.
The Millennial-focused furniture retailer is sticking to its script despite a hefty hit to its full-year profit as customers switch to budget-friendly options.
The Millennials-focused homewares seller says there’s still room to grow despite profits sliding when compared to last year.
Household spending jumped 11.4 per cent in the year to November 2022,but spending on furniture and home equipment slumped.
Temple& Webster was a star performer during COVID-19 lockdowns,but it must now compete with resurgent bricks-and-mortar furniture retailers.
The online furniture retailer is the latest business to emerge unfazed by consumer spending slowdowns.
Furniture retailer Temple& Webster has launched a new online store as it seeks to challenge the dominance of Australia’s biggest hardware chain.
The head of online furniture seller Temple& Webster has said the worst of the supply chain crunch appears to be clearing up and Australians are feeling more optimistic.
Digital homewares retailer Temple& Webster has said Australians remain voracious online shoppers 18 months into the pandemic.
Companies of all shapes and sizes,especially retailers,are building apps again,and COVID-19 is the trigger.