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Target Closing 20% Of Stores, Other Retailers Tipped To Follow

Target Closing 20% Of Stores, Other Retailers Tipped To Follow

Roma Christian June 8, 2018 No Comments

Wesfarmers-owned, Target, has announced it’s culling 20% of its selling space in the next five years – news which could pre-empt a similar move by other retailers. Dozens of Target…

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Amazon Aus To Hit 50,000 Sellers By Year End

Amazon Aus To Hit 50,000 Sellers By Year End

Roma Christian June 8, 2018 No Comments

Latest research from M3 Property Strategists forecasts 50,000 sellers to list on Amazon Australia by the end of the year – a notable increase from ~13,500 at current. The news…

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BlackBerry Unveils New ‘KEY2’ For US$649

BlackBerry Unveils New ‘KEY2’ For US$649

Roma Christian June 8, 2018 No Comments

Licensing partner, TCL Communications, has unveiled its “most advanced” BlackBerry yet – the new KEY2 (US$649). Aussies can expect to receive the new device “shortly”, with global shipping commencing June/July.…

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Connected Media Snares Origin Acoustics ANZ Distribution

Connected Media Snares Origin Acoustics ANZ Distribution

Roma Christian June 7, 2018 No Comments

Architectural audio manufacturer, Origin Acoustics, has ceased its relationship with Synergy Custom, appointing Connected Media as its new Australian and New Zealand distributor from June 11th. The news ends a…

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Gerry Harvey Scoops Up $3.7 Million Macquarie Notes

Gerry Harvey Scoops Up $3.7 Million Macquarie Notes

Roma Christian June 7, 2018 No Comments

Gerry Harvey has reportedly scooped up $3.7 million of Macquarie notes, following the bank’s $1 billion hybrid raising this morning – a move labelled ‘unusual’ by some commentators. As per The…

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Wesfarmers To Open Data Analytics Centre For Retail Growth

Wesfarmers To Open Data Analytics Centre For Retail Growth

Roma Christian June 7, 2018 No Comments

Disclosed at its annual investors presentation, Wesfarmers has announced it’s ramping up digital capabilities, with several new data projects set to increase growth at Bunnings, Kmart, Target and Officeworks. Claimed…

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Godfreys Warns Cash Flow Problems Amid Review

Godfreys Warns Cash Flow Problems Amid Review

Roma Christian June 7, 2018 No Comments

Struggling vacuum cleaner retailer, Godfreys, has warned “cash flow challenges” are likely, following a preliminary financial review by new management. New Chief Executive, John Hardy, and his recently appointed leadership…

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NBN To Create 80,000 New Businesses By 2021

NBN To Create 80,000 New Businesses By 2021

Roma Christian June 7, 2018 No Comments

The NBN Co asserts Australia is “in the grip” of a “nation-wide digital transformation”, with the “nbn effect” tipped to create up to 80,000 new businesses by 2021. Combining positive business…

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HTC Revenues Plummet 46% YOY

Roma Christian June 7, 2018 No Comments

Taiwanese-based HTC has continued its losing streak, posting a whopping 46% drop in May revenues to NT$2.45 billion (~€70m) versus the same period last year (NT$4.53 billion/~€130m). For the period January…

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Oz Economic Growth Beats Q1 Forecast

Oz Economic Growth Beats Q1 Forecast

Roma Christian June 6, 2018 No Comments

The Australian economy has recorded better-than-expected Q1 growth, following a surge in exports, lift in company profits and increased infrastructure spending. Local GDP climbed 1% in Q1Y18 – a 3.1%…

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