Tag Archives: Purchase

The trajectory for growth in digital purchase of lottery tickets vs. over the counter is set

The trajectory for growth in digital purchase of lottery tickets vs. over the counter is set


The half-year results from Tabcorp make interesting reading. Lottery retailers need to understand the results given that a core part of their business is reliant on revenue from Tabcorp products. Purchase through digital platforms grew by 20.9% over the previous period. This is excellent growth for Tabcorp.

Now, look at the percentage of lottery revenue from digital since 2016:

This is a graph from an investor advisory business.

The growth trajectory for the purchase of lottery products via digital platforms is set. Retailers need to take note, especially given the considerable capital and other assets Tabcorp requires them to invest.

Digital is growing faster than overall lottery revenue. Over the last six months, for example, lotteries revenue grew by 1.6% while the percentage of lotteries revenue purchased over digital platforms grew by 20.9%. That is the gap of concern for retailers.

If your shop is not experiencing a decline, others will be, they have to be on the Tabcorp results.

Personally, thinking of small business retailers, I would like to see Tabcorp reduce obligations on retailers in terms of the space in-store they demand, especially from entrance to the counter and at the counter itself. I would also reduce the visual noise from lottery products and free some of this space for retailers to be, hmm, retailers.

I would like to see Tabcorp enable retailers to make decisions that improve the viability of their businesses outside of lottery products. This could make the businesses stronger, which would be beneficial to Tabcorp.

I am not talking about tearing down signage or making retail lottery outlets look as dishevelled and inconsistent as what we see in the US. Rather, I am suggesting an easing of the space required in retail by Tabcorp and the barriers to other products being placed in the lotteries area. This could be done in a structured, co-operative way, a way that does not reduce lottery product sales in retail.

At the very least, Tabcorp could offer newsagents an easier retail model like they allow with On The Run.

Now, to those who will say here he goes, he hates Tabcorp blah, blah, blah. All very ho-hum. This post is acknowledging the evidence in Tabcorp’s numbers. If I had a product category in business over which I had control and which was experiencing this level of migration from over the counter to digital I would make a significant move to mitigate the impact of the trajectory before it actually cost me anything. That’s business.

Change is occurring. Smart retailers will move to minimise the impact on their business. Tabcorp is demonstrating its commercial preference.



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Sri Lanka to purchase 10 million Covishield doses from Serum Institute India

Sri Lanka to purchase 10 million Covishield doses from Serum Institute India




ECONOMYNEXT – Sri Lanka will purchase 10 million doses of the Oxford-AstraZeneca-Covishield vaccine from the Serum Institute of India, the Hindustan Times reported today (19).

The SPC said in a statement today that a purchase agreement has been signed with the Serum Institute in this regard, with the payment expected to be made today.

Attorney General Dappula de Livera approved the purchase agreement earlier this week. (Colombo/Feb19/2021)

 

 

 

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Young Indians place more importance on the experience and the convenience of their purchase journey: Report

Young Indians place more importance on the experience and the convenience of their purchase journey: Report


Young Indians believe in learning new things - whether it’s academic, languages or a skillYoung Indians believe in learning new things – whether it’s academic, languages or a skill

Young Indians, popularly called ‘Millennials’ and ‘Gen Z’ believe in budgeting and setting goals for themselves in the short term and long term, as well as itching for their own financial freedom, be able to make decisions themselves, with a drive to be ‘owners’, a report by slice, in collaboration with Nielsen stated. The study segments this consumer by their mindsets and deep-dives into how they approach money, spending and usage of products in this category – specifically credit cards. The key factors driving today’s generation are digital, appetite for credit and budgeting, saving and spending.

With an average age of 29, today India is one of the youngest countries in the world. More than 62% of the population is in the working-age group and more than 54% of the total population is below 25 years of age.

According to the report, young Indians believe in learning new things – whether it’s academic, languages or a skill – by proactively seeking out short term courses that they can undertake along with their current lifestyle. Skills are centered around self-improvement and development rather than a mere check mark. Moreover, work and financial stress are the most common anxiety points- deadlines and performance-related anxieties, not being able to save or earn more to have a lifestyle they desire. Something unique to this generation, they feel the impact of issues that are beyond their control – environment, climate change, world peace.

The report also stated that these consumers are more likely to look through multiple options and choose what they consider best irrespective of brand. In fact, they place more importance on the experience and the convenience of their purchase journey, beyond just the quality of the product or service. They also display a strong tendency to use their smartphones for content consumption as well as social interactions. Content is largely consumed on social media, entertainment (OTT) – YouTube, Netflix, Amazon Prime, Instagram, Facebook, Snapchat.

Both Millennials and Gen Z spend hours a day in front of a screen but are far less likely to spend extended time periods on a single site. Due to early exposure to a vast variety of options, they have short attention spans, and switch attention easily. Further, purchasing goods online is left on the youngsters by parents due to their greater familiarity with e-commerce sites and apps. They have influence on decisions regarding purchase of electronic goods – mobile phones, TVs and computers – as well as the mode of payment, the report stated.

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Goulburn Mulwaree Council considers police purchase offer | Goulburn Post

Goulburn Mulwaree Council considers police purchase offer | Goulburn Post


news, local-news, Goulburn, police station, Goulburn Mulwaree Council, council depot, Bourke Street, Warwick Bennett, Alex Mortensen, Goulburn and District Arts Society

NSW Police has set its sights on a former council depot to establish a new station for Goulburn. But the council has rejected the purchase offer for the spacious Bourke Street building, which sits on 1.1 hectares. Councillors discussed the matter in closed session at their meeting on Tuesday based on commercial in confidence considerations. “The council has rejected the price (offer) because we want a true market value for the property,” general manager Warwick Bennett said after the meeting. READ MORE: Goulburn Police Station to receive $25m redevelopment Purpose-built Goulburn community centre goes on backburner “There are also long-term tenants in there and we are happy for them to stay on council premises. If they have to relocate to suit NSW Police, it shouldn’t be at ratepayers’ cost.” Councillors authorised Mr Bennett and Mayor Bob Kirk to negotiate, without prejudice, a “fair market price” for the site and the cost of relocating tenants into other premises that don’t negatively impact their operations. If the parties reach agreement, the building will be sold in its current state. A decision on any sale won’t be made until the April 19 meeting. In the meantime, tenants will be consulted and options to relocate will be investigated. The state government announced in February, 2019 that Goulburn would secure a new police station. At the time, then Goulburn MP Pru Goward said the current Sloane Street site with its heritage buildings had “outlived its use” and was “almost not fit for purpose.” Then Police Minister Troy Grant’s office also said the new station would be built on the existing site. But that appears to have changed. The state government last year allocated $25 million for the project. Goulburn MP Wendy Tuckerman confirmed last October that authorities were conducting due diligence on two Goulburn sites. Mr Bennett said the council and NSW Police had informal discussions more than a year ago. There was no further contact until until December and January when police wrote to the council. By this time it had discounted the Police Academy and sites in Common Street and Finlay Road due to distance from the CBD and the courthouse. ALSO READ: Residents look to the bigger picture on Hurst Street heritage But the Bourke Street site’s location, ready access to the Hume Highway, corner position (on Combermere Street), public transport route accessibility, ample parking, level ground and possibility for expansion, attracted NSW Police. Asked whether the offer was far off the council’s expectations, Mr Bennett said: “I think there is opportunity for good compromise.” In July 2020, councillors deferred consideration of a $4 million purpose-built community centre on the depot site due to uncertainty surrounding COVID-19’s financial fallout. Mr Bennett said the council’s building at 56 Clinton Street was seen as large enough to house community services and meeting rooms. “Otherwise, if councillors are of the opinion we need a purpose-built community centre, there are many other options we could consider,” he said. The GM suggested the Recreation Area or another reserve as possibilities. But that consideration is some time away. Mr Bennett said organisations such as Goulburn U3A, the Lapidary Society and Goulburn and District Art Society had negotiated 15-year leases at Bourke Street. Other community groups such as the Lions Club had “minor leases.” “We want to make it easy for them because they are important tenants performing important roles in the community, so if they have to relocate it should be as smooth as possible,” he said. ALSO READ: First look at new building for $150m Goulburn Hospital Redevelopment Mr Bennett believed vacant ARTC buildings on Sloane Street between the railway station and Star Track Express couriers could house some of the groups. Previous discussions had occurred. Meantime, Goulburn and District Arts Society vice-president Alex Mortensen said the depot had adequate space for permanently exhibited paintings, work spaces, furniture and easels. “Any alternative accommodation would need to have just as much floor area as we have now,” he said. “If we had to store (these items) elsewhere it would cost the art society money that it cannot afford.” Mr Mortensen said the depot’s reception area, office space, kitchen and washroom were advantageous. However the area was cold and the group needed permission to construct a partition, separating them from the Historical Society. Air-conditioning could then be installed. ALSO READ: The Survival: Her Story workshop has been postponed The Arts Society has had six homes in the past 20 years. Before shifting to the depot in April, 2019 it used a room in the former Angels for Forgotten building in Sloane Street, owned by ARTC. Mr Mortensen lamented the fact the group, founded in 1904, had never had a permanent home. “We’d be greatly disappointed if we had to leave unless we were offered something as good or better,” he said. NSW Police were contacted for comment. We care about what you think. Have your say in the form below and if you love local news don’t forget to subscribe.

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Actions of Deliveroo rider show alarming ease in which those underage can purchase alcohol 

Actions of Deliveroo rider show alarming ease in which those underage can purchase alcohol 


A DELIVEROO RIDER has admitted delivering alcohol to underage girls in a public area without checking their ID as per company guidelines.

swd00 deliveroo alcohol underage teens
© Shane Stephenson / SWD Media

The teens believed to be 14 and 15, ordered the alcohol from a BP service station through the online delivery service Deliveroo to Newhaven Harbour in the capital on Saturday (13/02/2020) afternoon.

After news spread of the incident on the local Deliveroo WhatsApp other riders were furious at actions of the rider nicknamed ‘C’.

Another rider called ‘Hurry up Shrimp’ believed to be in her 20’s commented: “I mean you’re supposed to check everyone’s ID even if they look 50 to input it in the app.”

‘C’ responded: “I was using my friends account anyway, so it not really my problem.”

‘Hurry up Shrimp’ added: “That’s nice of you that you don’t care if they get fired when they kindly let you use their account wanna be my friend too?”

swd03 deliveroo alcohol underage teens
© Shane Stephenson / SWD Media

Liam Grey, 23, from the Leith area of Edinburgh said: “I’ve been a food courier for five years now, It’s people like this who give us ‘OG’s’ a bad name in this line of work.

“He should be struck off for not complying with Deliveroo’s age requirements.”

This alarming incident shows that young people can have easy access to age prohibited items on delivery’s apps such as Uber Eats and Deliveroo with no robust checks in place.

Deliveroo’s policy on identity-checking states on the rider the application and before an order is completed: “You must check the customer’s ID for all orders containing alcohol or other age-restricted products, regardless of whether they look old enough to purchase those products.”

Deliveroo and BP have been contacted for comment.



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EU publishes redacted AstraZeneca advance purchase agreement

EU publishes redacted AstraZeneca advance purchase agreement


Following heated debate on the content of the EU’s contract with AstraZeneca (AZ), the company agreed to the publication of a redacted version of the advance purchase agreement (APA) it reached with the EU. The contract appears to confirm the EU’s position. 

Earlier in the day, European Commission President Ursula von der Leyen, reportedly said on German radio that the commitments in the contract were binding and crystal clear, and that all production facilities, including those in the UK, are mentioned in the contract. 

The publication followed a renewed request from the European Commission (27 January) for AstraZeneca to publish the contract signed between the two parties on 27 August 2020. A European official informed journalists that the vast majority of redactions had been at the companies request, with only two small redactions concerning ongoing negotiations requested by the EU-side. While the Commission would have preferred a more complete document, including the schedule of dose delivery to be included, it decided that it was preferable to publish what it could as quickly as possible. 

‘Best efforts’

The contract repeatedly refers to ‘best reasonable efforts’, in his interview with La Repubblica (26 January), the AstraZeneca CEO Pascal Soriot claimed that his company had “no obligations, just best efforts” to meet the delivery schedules of vaccines to the EU. He said that AstraZeneca would:  “try our best, but we can’t guarantee we’re going to succeed.”

A senior European official directed journalists to an article in The Guardian. In the article David Greene, the president of the (English and Welsh) Law Society speculated: “If they [AZ] gave assurances that they made reasonable best efforts to supply the EU but were in fact diverting material from one place to another, that would on the face of it be a potential breach of obligations to use reasonable best efforts.” In the same article legal commentator, David Allen Green familiar with government public procurement is quoted: “The existence of that ‘best efforts’ provision may not be that helpful to AstraZeneca, if the correct construction of the contract is that it does not cover diverted capacity as opposed to lack of capacity.”

The Commission made an analogy with intent (mens rea) in criminal law saying that it would be for a judge to decide, for example, if AZ in comparison with another similar company, had made ‘best reasonable efforts’, or if it was acceptable that the EU had only received vaccine doses from one plant. 

Britain first?

In his interview, Soriot said that since the UK signed first it would be supplied first, describing it as “fair enough”. However, in the contract, AstraZeneca made an explicit commitment that they are under no obligations that are in conflict with the obligations it has to the EU:

Article 13(1)e AstraZeneca, Advanced Purchasing Agreement with EU

Soriot also claimed that the UK manufacturing plants were specifically dedicated to the UK’s contract and supply, with the possibility of the EU benefitting from UK production later on. However, the contract is explicit that the UK plants are included in the agreement.

Article 5.4, AstraZeneca, Advanced Purchasing Agreement with EU

 The same official directed journalists to Schedule A, which while redacted indicates the plants involved. 

Schedule A, AstraZeneca, Advanced Purchasing Agreement with EU

The Commission hopes to be able to publish all contracts under the Advance Purchase Agreements in the near future.

Later today (29 January) the Commission will publish an implementing regulation allowing greater transparency and clarity on the movement of vaccines, with the possibility of export restrictions.



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Karnataka govt withdraws Bhagawan’s book on Ram temple from library purchase list

Karnataka govt withdraws Bhagawan’s book on Ram temple from library purchase list


The Karnataka government banned rationalist KS Bhagwan’s book ‘Rama Mandira Yeke Beda’ (Why Ram Mandir is not needed) from its public libraries. “The book may hurt public sentiments and I will not encourage this kind of book in public libraries,” said Education minister S Suresh Kumar.

After a social media campaign by Hindutva right-wing activists, the Public Library Book Selection Committee withdrew its recommendation to purchase the book, which was published in 2018.

Speaking to Indianexpress.com, Bhagavan said, “I oppose the dropping of my book from the library purchase list and public libraries are for all and everyone has the right to read all the arguments. The government cannot hold public libraries hostage to one ideology.”

“My book has already seen three editions in two years and now it is going for a fourth edition. My intention is not to hurt any religious sentiments of the people if you read the book, I have only written things within the precincts of Valmiki Ramayana,” he added.

The committee, led by Kannada writer Doddarange Gowda, said in a statement on Tuesday that initially the book was excluded from the selection list since ‘it hurt religious sentiments of a section of society’. “Later a review petition was filed by the publisher and the committee decided to recommend it for purchase. Though the book hurt sentiments, we thought the book could be part of our public libraries, providing readers various points of views,” Gowda said.

He said the committee decided to withdraw its recommendation after objections were raised.

“Rama Mandira Eke Beda?” is a collection of critical essays of the epic Ramayana and the politics around Ram temple. Earlier in 2019, the Hindu Jagran Vedike had filed a complaint against Bhagawan for his statement that Lord Rama drank “intoxicants”. Hindu Jagran Vedike also sought a ban on the same book in which Bhagwan has made these remarks.

Meanwhile, Bhagavan also said that recently members of Vishwa Hindu Parishad and BJP had visited his house as part of a fund-raising drive for the Ram temple. “In a respectful manner I welcomed them and told them I will not give money to build Ram Temple, and suggested they read my book,” he added.

Earlier, Bhagavan had also received threats on social media soon after the killing of Kannada scholar and researcher MM Kalburgi in Dharwad on August 30, 2015. Bhagwan is a retired teacher from Maharaja’s College in Mysuru where he taught English literature. Bhagwan is now a full-time writer and lists philosophy, rationalism and religious texts as his main pursuits.

Investigations into the Gauri Lankesh murder had revealed a plot to kill Bhagwan, nixed just in time by the arrest of a Hindu Yuva Sena member. He calls himself a follower of Vivekananda and Ramakrishna Paramhansa.



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