US WeChat Ban Set To Hit Retail Suppliers
/
August 8, 2020
//0 Comment
Australian retailers, distributors and big brand suppliers could be impacted by the US President’s decision to ban the popular WeChat app that... Read More
Trump Signs Executive Orders Banning WeChat, TikTok
US President Donald Trump has signed two executive orders that prohibit US residents from doing business with ByteDance, which owns the video-sharing... Read More
IDC: ‘Automation Could Save Oz Businesses During COVID-19’
According to the latest IDC Asia Pacific IT Services Survey, half of businesses in Australia and New Zealand say there will be... Read More
Vic Premier Flips On Business Lockdowns
The Premier of Victoria Daniel Andrews has backed down on certain COVID-19 lockdown restrictions for businesses before they were even enforced, after... Read More
World’s Richest Retailer Sells $3B In Stock
Amazon CEO Jeff Bezos has sold 1 million shares in the e-commerce giant, worth approximately US$3.1 billion. While this is a hefty... Read More
Nintendo Smash Forecasts With 428% Surge In Profits
Nintendo has annihilated analyst earnings with profits surging over 428% as retailers such as JB Hi Fi and EB Games benefit from... Read More
Market Analysts Say Tablet Boom Is Here To Stay
Market research firms Strategy Analytics and Canalys both expect the boom in the global tablet market to stay, as tablets offer a... Read More
Harvey Norman Shares Up 7% On Sector Confidence
Shares in Harvey Norman have rallied over 7% just after midday, with investor confidence seemingly bolstered by a positive H1Y21 outlook from... Read More
Fitbit Online Sales Up 102%
As Fitbit navigates the COVID-19 crisis and global downturn, the company has announced that it will continue to ramp up efforts to... Read More
Acer Hits Record High Margin Of 3.2% In Q2
Acer’s operating income hit NT$2.13 billion (A$100 million) in the second quarter of the year, marking a record high margin of 3.2%.... Read More
June Online Retail Sales Up 49.6% Year-on-Year
The Australian e-commerce sector remained robust in June, despite prior record-breaking months from home-bound online shoppers during the coronavirus pandemic. According to... Read More
Former LG Marketing Chief Launches SME Answers Website
The former Chief Marketing Officer of LG Australia, Angus Jones, has launched a holistic online library to assist small to medium enterprises... Read More
Mobile Data Shows Sydney’s Activity Is Falling Again
According to analysis of movement data by UberMedia and Roy Morgan, the rising number of COVID-19 cases has resulted in a new... Read More
$2.93 Fitbit Google Deal Facing New Delays after EU Announces Probe
The proposed US $2.93bn Google Fitbit deal is facing new problems with both the US Federal Government and now the European Union... Read More
Retail Sales Down 3.4% In Q2, But Continue To Recover In June
Over the second quarter of the year Australia’s retail volumes fell by 3.4%, but they are showing signs of recovery, with overall... Read More
Retailers Bank On Online Shopping To Survive Melbourne Lockdown
Large and small retailers alike are banking on online shopping to help weather the financial impact of Victoria’s stage four lockdown, as... Read More
Stuff Lockdown, CE & Pro Audio Is Booming & The Cash Is Pouring In
Logistics and online sales are set to be critical according to retailers and specialist audio and custom install Companies after the hapless... Read More
Wesfarmers Shuts All Retail Stores In Melbourne For 6 Weeks
Wesfarmers has confirmed that it will close its retail stores in Melbourne for six weeks from midnight on 5th August, in line... Read More
Revenue Down, But Fuji Xerox Australia Returns To Black
SYDNEY: Fuji Xerox Australia has posted a profit for the year ended March 31, despite a drop in revenue to $608 million,... Read More
STAGE 4 LOCKDOWN Thousands Of Vic Workers Ordered To Stay At Home
MELBOURNE: Telecommunications companies and the media have largely escaped shut-down, as Victoria enters a Stage 4 lockdown, due to the surge in... Read More
BREAKING NEWS:Harvey Norman, Bunnings, JB Hi Fi, Winnings & The Good Guys Face Weeks Of Major Store Closures
JB Hi Fi, The Good Guys and Harvey Norman as well as Winnings are facing a major shut down of their Victorian... Read More
NAB Online Retail Index Up 49.6%, Led By Groceries & Appliances
The NAB Online Retail Sales Index continued to improve in June increasing by 49.6% year-on-year and 0.2% month-on-month. “The year-on-year result implies... Read More
COVID Restrictions Drive 18.6% Growth In Worldwide Tablet Shipments
After two quarters of decline, the global tablet market recorded 18.6% year-on-year (y-o-y) growth in the second quarter of 2020, with shipments... Read More
Global Smartphone Market Plummets 14%, Apple Only Growing Vendor
The global smartphone market contracted by 14% in Q2 2020, with 285 million smartphones shipped, according to the latest figures from market... Read More
EXCLUSIVE: Niles Audio & Sunfire To Be Merged Into Speakercraft Brand In Major Rationalisation
US security & control conglomerate Nortek is undertaking a major rationalisation of their popular audio brands Nile Sunfire and Speakercraft, a big... Read More
ACCC Release Framework For Google & Facebook To Pay Oz Media For Content
The ACCC has released a draft mandatory code of conduct that would allow Australian media companies to bargain with Google and Facebook... Read More
Amazon’s Sales Surge 40% As Shoppers Move Online
Amazon’s net sales increased by 40% year-on-year (y-o-y) to $88.9 billion in Q2 2020, as shoppers across the globe moved to online... Read More
Alphabet’s Revenue Falls For The First Time As Advertising Dries Up
Alphabet, which owns Google and YouTube, has recorded its first ever quarter of revenue falls, as advertisers cut down on spending during... Read More
Huawei Leads Global Smartphone Market For First Time, Despite Falling Sales Overseas
China’s Huawei shipped more smartphones worldwide than any other vendor for the first time in the second quarter of 2020, despite its... Read More
COMMENT: Junkee Introduces No Byline Journalism, For Whimp Journalists
What a load of bollocks! It appears that what we now have is a bunch of new age writers who don’t want... Read More
ACCC Loses TPG ‘Prepayment’ Appeal
The Full Federal Court has dismissed the ACCC’s appeal against TPG over a $20 ‘prepayment’ for selected prepaid plans, however, the consumer... Read More
Wesfarmers Bought Catch For $230M – It’s Now Worth $1B
In June 2019 Wesfarmers purchased Catch Group – which owns the ecommerce site Catch.com.au – for $230 million. Now, analysts and fund... Read More
Shopify Sales More Than Double In Q2 As Merchants Move Online
Shopify’s gross merchandise value (GMV) – that is, the total value of goods sold on its platform – more than doubled in... Read More
Samsung Q2 Profit Up 23%, Second-Half “Gradual Recovery” Expected
Samsung has reported a 23% YoY lift in Q2 operating profit prompt by its memory chip business. The Korean giant is expecting... Read More
Zuckerberg Grilled By Antitrust Committee For Buying Out Competition
Facebook CEO Mark Zuckerberg was yesterday questioned by the US Congress Antitrust Subcommittee about the tech giant’s history of buying out competing... Read More
BREAKING NEWS: TCL Facing Major TV Supply Issues JB Hi Fi Ffalcon Range Affected
TCL’s TV division in Australia is having major problems with supply with the JB Hi Fi Ffalcon range which is manufactured by... Read More
Amazon Slammed Over “Troubling” Private-Label Practices In US Hearings
Amazon Chief Executive, Jeff Bezos, has been slammed with questions over the e-commerce giant’s private-label practises in today’s landmark US hearings, citing... Read More
ACMA Launches Phone Scam Plan
SYDNEY: The Australian Communications and Media Authority (ACMA) has ramped up its efforts to help consumers combat scams, using a suite of... Read More
Aussie Outfits To Spend More On Biz Transformation: Telsyte
SYDNEY: Despite the ongoing pandemic, Australian organisations are looking to business transformation to improve employee systems, according to a new Telsyte report.... Read More
Legal Centre Calls For Buy-Now Pay-Later Crackdown
SYDNEY: Fintech operators like Zip and Afterpay are now worth more than retail giants Myer and David Jones, on the back of... Read More
AMD Revenues Up 26% As It Continues To Take Market Share From Intel
AMD’s revenues increased by 26% year-on-year (y-o-y) in Q2 2020 to total $1.93 billion, as the company continues to eat into Intel’s... Read More
Canon Hit By WFH, Profits Down 32.3%
Canon has reported its first quarterly loss, with gross profits contracting by 32.3% and net sales were down 25.7% in Q2 2020.... Read More
Mobile Data Reveals How Activity In Melbourne Has Plummeted
According to mobile location data gathered by UberMedia and Roy Morgan, has revealed that activity in Melbourne has fallen dramatically during the... Read More
ACCC Slams Energy Provider Over Ad Breach
The ACCC has slammed electricity provider, Local Planning Energy (LPE), for an alleged failure to advertise prices online in accordance with the... Read More
‘Made in India’ iPhone 11 Enters Production
Taiwanese component manufacturer, Foxconn, has reportedly commenced production of Apple’s iPhone 11 series at its Indian Chennai plant, as the company seeks... Read More
Home Entertainment Gear Demand To Spike After Landmark Movie Deal
A landmark deal between the world’s largest theatre chain, AMC, and Universal Pictures has significantly reduced the time new films will take... Read More
Big W’s Bub&Me Sale Features Uniden Cameras, UV Sanitiser Bags & More
Tomorrow Big W is kicking off its bi-annual Bub&Me sales, which will run in-store and online until 12th August. This time round,... Read More
Dodgy Bank Used By Distributors Facing New Money Laundering Claims
Westpac’s anti-money laundering drama has taken a new turn with authorities now finding several large undisclosed transfers to questionable accounts overseas. Westpac... Read More
Big W Inks Amazon Echo Show Deal Amid Turnaround
Embattled Woolworths-owned department store, Big W, has gained distribution of Amazon’s Echo Show smart displays, as the discount retailer continues to progress... Read More
EXCLUSIVE:Supply Chain Facing Major Problems As Chinese Factories Stop Credit
Consumer electronics, audio and appliance distributors are facing new supply issue with Chinese factories now demanding “cash up front”, at the same... Read More
