Nathan Jolly – Page 116

Oz Black Friday Participation Tipped To Rise 22%

Nathan Jolly November 24, 2022 No Comments

Seven out of ten Australians plan to participate in this year’s Black Friday/Cyber Monday bonanza, according to Nielsen research. If these figures bear out, participation will be up 22 per…

Nick Scali Forecasts 66% Profit Leap For Current Period

Nathan Jolly November 24, 2022 No Comments

Furniture retailer Nick Scali expects net profit for the current first half of the financial year to be in the range of $56 to $59 million. This would represent a…

New Mirvac CEO May Offload Shopping Centres

Nathan Jolly November 24, 2022 No Comments

Mirvac’s new CEO Campbell Hanan may be looking to sell off the investment trust’s $2.6 billion retail property portfolio. Hanan was previously Mirvac’s head of commercial property, and will take…

Xiaomi Revenue Falls 10% As Smartphone Sales Slump

Nathan Jolly November 24, 2022 No Comments

Xiaomi’s quarterly revenue fell by 10 per cent as the global smartphone market slumps and Chinese demand falls. Sales of the company’s mobile devices fell 11 per cent, leading to…

Gaming Industry Facing First Annual Decline In A Decade

Nathan Jolly November 24, 2022 No Comments

Global consumer spending on video games is expected to fall 4.3 per cent in 2022, as a dearth of big Christmas releases compounds weaker spending, inflationary concerns, and the threat…

Harvey Norman Posts Lacklustre Revenue Rise Amid Inflation

Nathan Jolly November 24, 2022 No Comments

Harvey Norman reported that its aggregated sales revenue for the period July 1 to October 31 increased 6.9 per cent, despite inflation causing the retailer to hike prices on most…

Kogan Profits Down 40%, Inventory Nightmare Ending

Nathan Jolly November 24, 2022 No Comments

Kogan’s profits are down over 40 per cent, but the excess inventory that has crippled the company of late is finally beginning to clear. In a November trading update, ahead…

Meta Stock Climbs After Zuckerberg Retirement Rumour

Nathan Jolly November 24, 2022 No Comments

Meta shares jumped by 1.4 per cent after a false report that Mark Zuckerberg was planning to step down as CEO next year. This comes after a year of turmoil…

National Retail Association Names New CEO

Nathan Jolly November 23, 2022 No Comments

The National Retail Association has named Greg Griffith its new CEO. Griffith starts early next week, coming from his current CEO role at Family Business Australia & New Zealand, where…

Aussies Tipped To Spend $6.2 Billion This Black Friday

Nathan Jolly November 23, 2022 No Comments

The ARA and Roy Morgan are predicting a $6.2 billion spend over this weekend’s four-day Black Friday to Cyber Monday bonanza – up $200 million on last year. “The Black…