Has The Commercial Leasing Code Of Conduct Provided Any Real Relief For Retailers?
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April 17, 2020
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On the 7th of April the National Cabinet released a Mandatory Code of Conduct on SME Commercial Leasing Principles During COVID-19, which... Read More
Telstra Forced To Borrow Millions Due To COVID-19
Telstra who were facing problems prior to COVID-19 due to falling smartphone sales and limited 5G services has been forced to go... Read More
Is Amazon’s COVID-19 Response Enough? Bezos Thinks So
In his latest letter to investors, Amazon CEO Jeff Bezos outlined the measures the company has taken to combat price gouging and... Read More
How The Gov’s COVID-19 Contact Tracing App Will Work
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April 16, 2020
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Just one day after Google and Apple announced that they were jointly working on new Bluetooth COVID-19 contact tracing capabilities, the Australian... Read More
What Google & Apple’s Mobility Data Reveals About Oz During COVID-19
Both Google and Apple have now released mobility data trends gathered from Google Maps and Apple Maps to help public health authorities... Read More
No Evidence Of COVID -19 Problem At JB Hi Fi, As Best Buy Lays Off 50,000
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April 16, 2020
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Best Buy the biggest CE and appliance Company in the world whose sales have fallen over 5% in stores but are surging... Read More
Australian Consumer Confidence Continues To Bounce Back
The ANZ-Roy Morgan Consumer Confidence has lifted for the second week in a row, rising by 8.8% to 78.2. This comes on... Read More
Apple Releases Mobility Data During COVID-19
Apple has publicly released the mobility data gathered from Apple Maps in an attempt to provide useful information to local governments and... Read More
Afterpay Tightens Spending Limits, But Profits Continue To Climb
Despite the COVID-19 pandemic really kicking in across all Afterpay’s markets in March 2020, its average daily global sales were still up... Read More
Virus Set To KO Kayo? Murdoch Preps For Likely Covid-19 Hit
SYDNEY/NEW YORK: It would appear no company is immune to COVID-19, with media giants also in the firing line including Rupert Murdoch’s... Read More
Major CE Retail Chain Stops Paying Rent, Federal Government Not Happy
Europe’s largest consumer electronic retail chain has stopped paying rent as the Company struggles to handle the impact of the economic fallout... Read More
Despite Mobile Data Surging, 5G Uptake Revised Down 50%
Since the COVID-19 lockdown has been under way, mobile data usage has surged, with technology analyst firm Telsyte estimating it could grow... Read More
Oz In Lockdown: Time Spent On Cooking Websites Up 71%
According to Nielsen’s data, Australians collectively spent 63,555 hours on food and cooking websites on the 29th March, an increase of 71%... Read More
NAB Business Survey: ‘Business Outlook Weakest Ever’
The results are in from the National Australia Bank’s (NAB) March 2020 business survey, and as could be expected, the COVID-19 pandemic... Read More
Is Danish Sound Company Bang & Olufsen Set To Go Belly Up?
Questions are now being asked as to whether struggling Danish audio Company Bang & Olufsen will survive as their shares keep tumbling... Read More
Ankle Bracelets Coming For Those Not Working From Home
PERTH: They’re really worried in the West about citizens who decline to quarantine or work from home during the current coronavirus scare.... Read More
Google And Apple Collaborate On Ground-Breaking COVID-19 Tracing For Gov Apps
Google and Apple are pairing up to create a platform to trace COVID-19 infections that will be built into the apps of... Read More
Notebooks In Short Supply As Demand Surges
Demand for PC’s is surging in Australia, the only problems are stock availability according to several retailers. Intel the world’s largest chipmaker... Read More
Online Sales Surge As PM Says Lock Down Will Not Be Lifted Any Time Soon
As traffic to retail stores fall by up to 70% retailers such as Bunnings, Officeworks, Big W and JB Hi Fi are... Read More
Harvey Norman Gets Million In Government COVID-19 Handouts
Harvey Norman has been handed a massive NZ$12.7 million in Government handouts following the outbreak of the Coronavirus. The New Zealand Government... Read More
Is Kogan Set To Top The NSW COVID-19 Name & Shame List
Is Kogan set to make the COVID-19 name and shame list after they were caught out price gouging goods including hand sanitisers.... Read More
CE Retailers Shift Stock As After Easter Uncertainty Takes Hold
Consumer electronics and appliance retailers are moving to shift millions of dollars’ worth of stock sitting in empty stores to online warehouses,... Read More
COVID-19, Sales Surge CE Retailers Close CBD Shops Some Doing Better Than Others
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April 9, 2020
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Australia’s share market has been a bit stronger than expected today climbing 2.2% in early trading, retailers such as JB Hi Fi,... Read More
COVID-19 Lockdown Sets The Stage For The Spread Video Gaming Addictions
With people being encouraged to stay home as much as possible, experts are expecting video game addictions to spread worldwide. Bloomberg reported... Read More
Harris Scarfe CE & Appliance Suppliers Set To Only Get Cents But 5 Week Owner Gets $70M
Several appliance and CE distributors are set to only get between 1.3¢ and 20.5¢ in the dollar under a proposed deed of... Read More
VIC Gov’s ‘Working For Victoria Fund’ Expects To Place 2500 Workers By The End Of The Week
The Victorian government’s $500 million ‘Working for Victoria Fund’ – which aims to find employment for people who have lost work due... Read More
ACCC: ‘We Cannot Stop Price Gouging, But New Biosecurity Act Powers Will Protect Some Products’
Today, in a speech made at the Gartner CEO Forum, ACCC Chair Rod Sims said that although the commission has received a... Read More
Security Fears See Govt. Ban Zoom Use By Pollies, Agencies
CANBERRA: The Morrison Government has banned the use of popular video-conferencing software Zoom by government agencies and federal politicians, after defence sources... Read More
Samsung Beats Coronavirus Downturn While LG Wobbles
Samsung Electronics whose health is crucial to South Korea’s economy has reported a 2.7% increase in profits and a 5% increase in... Read More
Vodafone Introduces $10 ‘Stay Connected’ Plan For Customers Experiencing Financial Hardship
From the 20th of April, Vodafone Hutchinson Australia will be offering a temporary ‘Stay Connected Cap Plan’ for customers that are experiencing... Read More
S&P Revises Outlooks For Australian Retail REITS
S&P has revised the outlooks for four Australian retail REITs to negative and one to stable, citing limited buffering to absorb “the... Read More
Sales at David Jones Fell 19% In March, But Online Sales Grew By 108%
David Jones’ parent company Woolworths Holdings Limited, which is based in South Africa, has disclosed how the COVID-19 pandemic has impacted the... Read More
Australia’s Consumer Confidence Rebounds By 10.1%, The Most Significant Jump On Record
Last week the ANZ-Roy Morgan Consumer Confidence index jumped up by 10.1%, the biggest gain since the survey moved to a weekly... Read More
COVID-19: Oz Business Confidence Hits A Record Low In March, But Could Rise In April
The Roy Morgan Business Confidence index fell by 9.1% in March to hit 95.1, a record low. In the first two weeks... Read More
Samsung Wobbles As COVID-19 Strikes New Financials Due Today
A slump in demand for mobile packages in Australia could be bad news for Samsung who pre the COVID-19 was talking positively... Read More
ACCC Chair Sims Zooms In On CV19 Comms Risk
CANBERRA: Rod Sims, chairman of the Australian Competition and Consumer Commission, has detailed COVID-19-induced communications risks that the ACCC hopes to mitigate.... Read More
Angus Jones, Former CMO Of LG: COVID-19 Will Not End Any Time Soon
I wish I did not write this headline and this is all a dream. However, of all industries, the Consumer Electronics industry... Read More
Bunnings Gears Up For Easter Rush, And Launches DIY Live For Australians In Lockdown
Bunnings is encouraging customers to get their shopping done earlier this week, ahead of what they say is traditionally a busy period... Read More
BREAKING NEWS: Another Greenlit Brands Linked Retailer Placed Into Administration
Debenhams the UK retailer who set up in Australia in 2017 is on the brink of administration for the second time in... Read More
With Zoom Proving Problematic, What Alternative Video Conferencing Tools Are There?
While Zoom’s CEO Eric Yuan apologised for data privacy and hacking issues last week, and has moved to tackle these problems with... Read More
Westpac Bucks Trend, Predicts Jobs To Increase In ‘Some Sectors’
SYDNEY: Westpac has forecast major job losses by Australian businesses in the June quarter, as a result of the COVID-19 pandemic,. It... Read More
COVID-19: How The Proposed Commercial Tenancy Rules And Banking Packages Will Support Retailers
The government has proposed new measures to protect commercial tenants during the COVID-19 pandemic. These will be discussed at the National Cabinet... Read More
Has Harvey Norman Revenues Started To Slump? Their Shares Have
Has Harvey Norman revenues slumped, following the ill-fated appearance of Chairman Gerry Harvey on 60 Minutes, who after bragging about his recent... Read More
Coronavirus: Kogan Exposed Rorting Hand Sanitiser
Kogan is back rorting all he can from the Coronavirus this time with antibacterial hand sanitiser, late last month we exposed the... Read More
Retail Turnover Was Up 0.5% In February, Before COVID-19 Really Hit Australia
According to the latest Australian Bureau of Statistics (ABS) figures, Australia’s retail turnover rose by 0.5% in February 2020. This followed a... Read More
Despite Forecasting Rising Unemployment, Westpac Expects Jobs To Increase In Some Sectors
Westpac has forecast that there will be major job losses in the June quarter as a result of the COVID-19 pandemic, estimating... Read More
JB Hi Fi Not For Sale After Wesfarmers Speculation
JB Hi Fi stock rose today after speculation emerged that the cashed-up Wesfarmers Group, who earlier this week sold down their shareholding... Read More
Major Distributors Drop Staff Stock Financing For Some A Problem
Major distributors are laying off staff some up to 50% of their entire workforce due to the Coronavirus epidemic, this is despite... Read More
COVID-19: ACCC Releases Guidelines For Small Businesses Managing Refunds And Cancellations
The ACCC has issued guidelines to help small businesses understand their rights and obligations under the Australian Consumer Law, given the mass... Read More
NEC A/NZ Offers Health Monitor App For Those Quarantined
SYDNEY: NEC A/NZ and a group of software developers have come up with a smartphone app, iQuarantine, that uses NEC’s face-recognition technology... Read More
