Press Releases
Sales of Toys in Australia Increased 69% in Week Ending March 29
According The NPD Group, Australia’s toy industry saw dollar increase 69% and unit sales increase 29% for the week ending March 29, the best performing week in 2020 so far
In February 2020, in restaurant dining decreased while there was a noteworthy increase in most of the off premises dining occasions, including delivery, pick-up, and drive-thru services
Industry Trends
COVID-19 Impact on Foodservice in South Korea
During South Korea’s COVID-19 outbreak in February and March, the number of people eating out decreased, causing sharp declines in sales. On-premise dining was down, but the delivery market showed a noticeable increase.
Food Quality Expectations Rise in Australia
In the past, food items that didn’t put quality first could still appeal to consumers as long as they were affordable. The game has changed — food quality has increased in importance to consumers in Australia every year over the past decade.
Foodservice Spotlight
In the last quarter of 2019, Australia was badly hit by the unprecedented bushfires; they continue to threaten the nation’s economy. The weak economic growth at the end of the year was also a result of lowered consumer confidence and demand across retail sectors — foodservice bucked the trend.