David Richards – channelnews

Is David Jones Anchorage Capital’s Next Dick Smith? Hilco Readies For Insolvency

David Richards September 25, 2026 No Comments

David Jones’ lender Hilco Capital has hired insolvency firm McGrathNicol to advise on its position, a move suppliers fear could end with the 188-year-old department store in administration or receivership…

Insurers Tighten Screws On Suppliers As Mwave, Leading Edge Collapses Bites

David Richards September 24, 2026 No Comments

Trade-credit insurers are slashing cover and re-pricing risk across Australia’s consumer electronics and appliance supply chain, after the collapses of Mwave and Leading Edge left the country’s biggest distributors chasing…

US Data Centre Bottleneck Could Send AI Overflow To Australia: Morgan Stanley

David Richards September 24, 2026 No Comments

Morgan Stanley analysts believe Australia is well placed to absorb some of the AI data centre demand the US can’t build fast enough to meet the requirements of global retailers…

Premium Product Sales Holding Up Retailers As Suppliers Reshape Product Mixes

David Richards September 24, 2026 No Comments

Memory is causing havoc with CE, audio and appliance sales and the market is retreating due to rising costs and inflation pressure but this has not stopped brands with premium…

Microsoft’s A$121 Billion Xbox Gamble Unravels As More Jobs Axed And Studios Closed

David Richards September 23, 2026 No Comments

Microsoft’s massive bet on gaming is unravaling with thousands of jobs disappearing, studios being closed or restructured and Xbox revenue declining after the technology giant spent more than A$120…

Chinese Panel Makers Move To Lift TV Prices Ahead Of Black Friday

David Richards September 23, 2026 No Comments

China’s dominant LCD panel manufacturers are moving to raise prices on large TV panels. The push could lift the cost of Samsung, LG and Sony TVs heading into Black Friday,…

Nine News Audience Slides As Left-Wing Bias Backlash Grows Following New One Nation Attack

David Richards September 22, 2026 No Comments

Once the home of Kerry Packer’s unapologetically conservative television network, Nine is facing growing claims that its news and current affairs operation has lurched to the political left, with their…

Winning Backs Controversial CEO As ASIC Case Threatens Transformation Plans

David Richards September 22, 2026 No Comments

Premium appliance retailer Winning Group has thrown its support behind controversial new chief executive Anthony Heraghty, despite Australia’s corporate regulator launching civil proceedings alleging the former Super Retail Group boss…

$50BN Retail Giant Dollarama Takes Aim At Australia, Accessory Distributors In The Firing Line

David Richards September 22, 2026 No Comments

Australian retailers and distributors who have never heard of Canadian discount giant Dollarama are about to discover just how disruptive a retailer with massive buying power, extraordinary margins and an…

BREAKING NEWS: Winnings Group Facing Major Crisis After ASIC Moves On New CEO

David Richards September 21, 2026 No Comments

The corporate-governance scandal surrounding Winnings Group CEO has escalated dramatically after the Australian Securities and Investments Commission (ASIC) today launched civil penalty proceedings against the former Super Retail Group chief.…