Toowoomba CBD businesses staying positive in outbreak
BUSINESSES in the Toowoomba CBD have moved quickly to try and adapt to tough new restrictions on social interaction amid the coronavirus pandemic.
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.
BUSINESSES in the Toowoomba CBD have moved quickly to try and adapt to tough new restrictions on social interaction amid the coronavirus pandemic.
While bakeries, butcheries and other takeaway businesses are expected to stay open without interruption, cafes and restaurants have had to scramble to adjust to a rule banning customers from dining in.
The restrictions were announced by Prime Minister Scott Morrison on Sunday night, after it was revealed many Australians were not following instructions to stay away from crowded areas.
Sweet Talk on Margaret St are one of several cafes doing takeaway and delivered food and coffee, with manager Louisa Sorensen saying it was taking a positive approach to the changes.
"We don't have anymore dining customers, but we're moving ahead with our new business plan that includes home delivery, business delivery, drive-through and home meals," she said.
Regular customer at the Copper Bench cafe on Ruthven St Jason Sprang enjoyed a final of coffee at the venue before the laws came into effect at noon.
"I'll still come down and get takeaways," he said, much to the delight of owner Tenzin Norbu.
Other businesses have actually benefited from the changed buying atmosphere, especially at Grand Central Shopping Centre.
Both Theo's Bakery and Andrews Meats, which are both in the same corridor as Woolworths at the centre, have reported massive sales because of panic-buying causing shortages at the supermarkets.
"Every sale has doubled in the past week - Woolworths run out of mince all the time," Andrews Meats manager Kerry Brisbane said.
There’s a quiet revolution at the top of Qantas
A financially strong airline is good for customers, just as much as investors. And one subtle change from the Joyce-era has big implications over how Qantas is run.
Is Amanda Bardwell the one to snap Woolies from its funk?
The new Woolworths boss will need a bolder strategy to turn around the sagging retailer but it’s nearly a mission impossible to now reverse decades of poor execution.
Tripp’s Betr revs up gaming with rival $360m Pointsbet bid
The digital gaming player is on the cusp of breaking into the top tier of Australia’s sports betting market as it enters the Pointsbet bidding war.
What really happened inside the WiseTech boardroom
Richard White is back in control at WiseTech, but its still not clear in what capacity. The mass exit of directors has left the tech company in a full-blown crisis.
Why we’ll likely never see low interest rates again this lifetime
This chart shows why we’re unlikely to see ultra-low interest rates again with history suggesting we may face 40 years of rising rates which could reach up to 8 per cent, writes ASX Trader.
Only recession can make ‘ruthless’ Victoria great again
Not all is lost. Victoria has a clear competitive advantage across four world-beating exports and these mines won’t run dry. But first there will be pain.