David Richards – Page 252

Catch Group A Massive Problem For Wesfarmers, Latest Losses Top $163M

David Richards August 25, 2023 No Comments

Catch Group the business that Wesfarmers paid $230M for in 2019 has bled another $163M in losses and despite various management attempts to turn the Wesfarmers owned online operation around…

Bunnings Officeworks & Kmart Group Deliver Record Sales

David Richards August 25, 2023 No Comments

The owner of Bunnings, Officeworks, Target and Kmart have Wesfarmers posted an 18.2 per cent surge in full-year sales to $43.55 billion. Key was the performance of Bunnings and the…

Whirlpool Fined $18M After Cooktops Turned Themselves on

David Richards August 25, 2023 No Comments

Does your mother own a Whirlpool cooktop, if so, she may want to check whether it’s turning itself on. Whirlpool cooktops that are sold by Appliances Online and Harvey Norman…

Oppo To Go After Moto & Samsung With Triple Camera Flip Phone

David Richards August 25, 2023 No Comments

Chinese smartphone brand Oppo who are more into value phones today than premium, after Motorola snared their key floor space at JB Hi Fi, is tipped to have a crack…

Peloton Bikes Dodgy Seats Costs Result In 23% Share Slump

David Richards August 24, 2023 No Comments

Tech fitness brand Peloton Interactive has seen their shares tank 23% overnight due to bike gear recalls that exceeded their expectations and owners stopping subscription payments. The business that has…

Will Federal Government Protectionism Save The Nine TV Network After Profit Slump

David Richards August 24, 2023 No Comments

As Nine Entertainment’s full-year net profit slump 38% to $194m, the Labor Federal Government is being asked to prop up free to air TV stations, such as Nine, by forcing…

Amber Technology Lifts Revenues As Liabilities Blow Out Following Aquisition Spree

David Richards August 24, 2023 No Comments

After a year of acquisitions Sydney based distributor Ambertech has struggled to lift profits, despite adding a multitude of new revenue streams to the business since 20129. Total revenues for…

REVIEW: New Front Display Turns Samsung Galaxy Z Flip 5 Into True ‘Day Phone’

David Richards August 23, 2023 No Comments

The original Samsung Flip phones were more about novelty and curiosity, they appealed to people who wanted a small form factor smartphone that fitted into their lifestyle. Now there is…

Big W Sales Jump 15.3% Then Crash As Shoppers Become Frugal

David Richards August 23, 2023 No Comments

As the market moves to value and discounted products BIG W has benefitted with the Woolworths owned store group reporting 15.3% sales jump during the past year. The downside is…

Snap One CEO Sells Down Shares As Sales Fall & Channel Stock Levels Become An Issue

David Richards August 23, 2023 No Comments

The CEO of Snap One has sold down his shareholding in the Control 4 business, the sell down comes as analysts question the future for the business in the current…