AuMake Archives - Inside FMCG
AuMake, the Australian retail chain selling local goods to Chinese, has reported a 70-per-cent decline in sales for the fourth quarter to just $4 million,.
The spiraling impact of the coronavirus outbreak could have a drastic impact on the business’s core Asian tourist customer.
Retailer confident of ability to meet financial commitments due to strong cash position and diverse consumer base.
Daigou business has seen its best financial performance since 2017.
While AuMake will continue to service daigou, it will be transitioning offline traffic to online platforms to “maximise efficiencies and profitability”.
Daigou retailer AuMake has appointed former Swisse Wellness and Treasury Wine director Oliver Horn to its board.
AuMake will streamline ANZ brand access to JD.com’s primary online China platform.
Since the launch of AuMake’s JD store in March, it has delivered an average monthly growth rate of over 100 per cent.
China unveiled a plan to boost its local formula output and reduce reliance on imports.
Daigou business investing in infrastructure to fuel online sales.