Online shopping continues to grow and grow for retailers.
Super Retail Group reported first-half results delivering $1.7 billion in revenue, supported by a strong inventory position despite supply chain disruptions.
The strong rebound position in the second quarter saw gross margins lift to 46.7 per cent above pre-Covid levels. The group’s like-for-like sales grew 3.6 per cent in the final 10 weeks, and online sales of the business increased 64 per cent – generating $389 million representing 23 per cent of total group sales.