Will EOFY Sales Be Terrible This Year Due to Jobkeeper and Supply Chain Issues?

Many retailers seem to be struggling with supply chain issues due to slowed manufacturing and shipping globally, and revised product update cycles. Many also have employees receiving JobKeeper, lowering their wages costs. I've been waiting for some sales on some larger items, but it seems anecdotally that retailers are trying to sell items for regular prices rather than clear stock, when they have low wages cost and difficulty replacing some product lines. Why sell it for a discount when your staff costs are low and you can't replace the stock anyway?

Overall, could this lead to a lack of EOFY deals? Is anyone in retail who can comment on supply, and the effect of JobKeeper on sales and the expectations of retailers?

Comments

  • Depends on stock availability, manufacturer's sale targets and product life cycle.

    2020 model TV's have only been hitting stores in low numbers over the last few months. Most car manufacturers have plenty of stock. So I doubt EOFY sales for 2020 TV will be great but deals on new cars might be a little sweeter this year than last.

    • Yes, a TV is one of the items I've been holding off on buying. I'm noticing the trickle of new models and supply restraints.

  • +1

    Yes. JB Hifi, Gerry and possibly others have been making good profits with lock down so no need for huge discounts.

  • +1

    They are terrible every year. But people are to excited to notice

  • If anything i dare say you will be able to pick up massive bargains esp on cars with reduced sale volumes and excessive stock

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