Shaver Shop Sees More Foot Traffi

According to Shaver Shop, sales are up in the second half as consumers are returning to malls to shop. They cited the importance of personal care and wellbeing as one of the factors that drove the sales.

In pre-COVID-19 times, Shop Shaver generated almost 30% of its sales from online channels. However, during the December and September quarters, the company was affected by the closures of several stores in Victoria and NSW.

In the second half of its fiscal year the company reported that its online and in-store sales grew. Its gross margins were also consistent with the levels they achieved in the previous year.

The company had estimated that its sales for the full year would be around $220 million.

Despite the increase in sales of hair-cutting products during the lockdowns, the company noted that its sales in the second half were still up. It said that the categories of hair-cutting, such as ear, nose, and body groomers, continued to grow.

The Shaver Shop started the year with a touch time as many of its bricks-and-mortar stores were temporarily closed during the July and August period. Despite the increase in online sales, the company’s total sales were still down by around 7%.

The company said on Thursday that customers were returning to the company’s stores after the COVID-19 restrictions caused a disruption in their shopping.

In response, Shaver Shop said that the store teams are doing a great job of delivering exceptional service to its customers. Although the company’s online sales grew during the second half, they were still below their previous year’s performance.

Many of the products sold by Shop Shaver are considered non-discretionary purchases by consumers due to the company’s focus on personal care and wellness.

The company noted that during the COVID-19 restrictions, it was able to introduce new customers to certain categories of do-it-yourself appliances.

The men’s grooming market is expected to reach more than $1 billion by 2022, driven by the increasing number of men participating in beauty regimes and the trends toward body hair and facial hair.

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Insurers victory against Covid Claims

Australia’s biggest insurers won’t be required to pay out compensation to clients who suffered COVID-19-related losses following a court decision.

A number of companies, including IAG, Allianz, and Chubb, fought against each other in court over how many claims they should handle following the pandemic.

According to insurance companies, businesses that were affected by the COVID-19 virus did not qualify for compensation.

In a landmark ruling, a judge ruled that insurance firms were not liable for the damages caused by COVID-19 disruption.

She noted that policies that deal with the prevention of access to certain facilities or areas, or the containment of certain infectious diseases, were narrow enough to exclude certain scenarios.

She said since businesses were not allowed to operate on their premises during an outbreak, their losses were not covered by insurance policies.

Not all businesses were ordered to close during the lockdown, according to the insurance industry.

Only nine firms claimed compensation for an infectious diseases outbreak within a certain radius of their business.

She noted that there were substantial issues with Meridian Travel’s claim, particularly as it appeared that its losses were caused by the government’s decision to bar international travel and cruise ships from the market.

Justice Jagot has also granted leave to appeal the decision.

The delay in implementing the insurance reforms needed to address the pandemic could cause businesses to wait for payouts for years.

Jagot said that if the decision is overturned on appeal, then the claims should be reduced and the government should provide support to minimize the losses.

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