Target to close down? | Platypus, Hype DC stores converted into micro-warehouses | Young Aussies withdrawing from super
What the Flux · Flux
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Show Notes
Target has struggled so much during lockdown that its owner, Wesfarmers, is considering all available options, including potentially selling or closing down.
Online sales at Accent Group, the company that owns The Athlete’s Foot, Platypus and Hype DC, have grown significantly in recent weeks, with the company converting stores into mini fulfilment centres.
Younger Aussies who have had work hours cut or have been laid off are embracing the government’s superannuation early access scheme, with 2.3 million Australians expected to withdraw from super in the next 6 months.
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