David Richards – Page 38

JB HI-FI Surges As Officeworks Wobble With Slump In Profits & $25M Hit Looming

David Richards February 19, 2026 No Comments

In a tale of two retailers, JB Hi-Fi has powered into 2026 with strong growth and rising profits — while Officeworks is grappling with an 18.8% profit slump amid a…

David vs. Goliath in the Aisles: The Hardware War Exploding in Federal Court Around Bunnings

David Richards February 19, 2026 No Comments

Bunnings Warehouse — the Wesfarmers-owned hardware titan that dominates Australia’s suburbs with its cavernous green sheds — is back under fire. This time, the fight isn’t coming from regulators or…

LG Electronics Australia: Shooting the Messenger While the House Smoulders

David Richards February 18, 2026 No Comments

Management at LG Electronics Australia — a proud subsidiary of the sprawling LG Group empire — appear to have developed a sudden sensitivity to journalism. Specifically, ours. The latest outbreak…

EXCLUSIVE:Big New Brand Player Enter OZ Notebook Market

David Richards February 18, 2026 No Comments

There is a new entrant in the PC notebook market, with Energizer — best known globally for its batteries — preparing to launch into the Australian notebook category. Sydney-based distributor…

VOXX Revenues Plunge 43% as Gentex Merger Fails to Halt Global Slide Klipsch, Integra and Onkyo Still Key

David Richards February 18, 2026 No Comments

The Premium Audio Company is effectively dead in Australia, with distributor Westan now driving VOX product sales locally. But while the branding may have shifted, the financial pain remains —…

US Authorities Sues TP-Link, Alleges Chinese Security Ties and Deceptive Marketing as Ban Pressure Mounts

David Richards February 18, 2026 No Comments

US authorities have escalated their campaign against networking giant TP-Link, with Texas filing a sweeping lawsuit accusing the company of deceptive marketing, cybersecurity failures and concealing links to China —…

LG Electronics Faces Fresh Air Con Turmoil After Senior Executive Rejects Approach

David Richards February 17, 2026 No Comments

LG Electronics Australia is grappling with renewed instability inside its air conditioning division, with a senior industry executive revealing he rejected an approach from the company — as insiders warn…

Chinese Lenovo Profit Slides as Security Scrutiny and Component Pressures Mount

David Richards February 17, 2026 No Comments

Chinese technology giant Lenovo has reported a 21% fall in quarterly net profit, despite an 18% rise in revenue to US$22.2 billion, as the company grapples with surging memory costs,…

New JB Hi Fi CEO Delivers $6.1 Billion Result Amid Market Turbulence He Tells Us How

David Richards February 16, 2026 No Comments

JB Hi-Fi has silenced critics — at least for now. When long-serving Group CEO Terry Smart stepped down, handing control to veteran Chief Financial Officer Nick Wells, the move sent…

Xiaomi Targets $3.7 Billion Australian Consumer Air-Conditioning Market as Retail Showdown Looms

David Richards February 16, 2026 No Comments

Chinese technology giant Xiaomi is preparing to aggressively expand into Australia’s lucrative home appliance market, with the real possibility emerging that if retailers refuse to stock its new products, the…