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“Ripped Off” Insolvent Harris Scarfe Allegro Funds Deal, Looks Like Another Dick Smith Anchorage Capital Saga

David Richards April 28, 2020 No Comments

Allegro Funds executives are today ducking for cover after it was revealed that Harris Scarfe became insolvent the moment the Company took control from scandal plagued South African retail conglomerate…

INSIGHT: Harris Scarfe Liquidation, ‘Dodgy Deal’ Or Acceptable ‘Stitch Up’ By Allegro Funds, Suppliers Angry

David Richards April 26, 2020 No Comments

Dodgy deals or acceptable stich up, Harris Scarfe, is now at the centre of what should be a major ASIC investigation according to suppliers to the failed retailer who claim…

Chinese Communist Party Tries To Muscle In On Pure Radio Chip Partner

David Richards April 24, 2020 No Comments

Pure Radios are currently selling “extremly well” in Australia due in part to the COVID-19 lockdown, but at the heart of the Pure product is a UK digital radio chipset…

CE & Appliance Retailers Facing ‘Severe Supply” Problems As Stock Dries Up

David Richards April 24, 2020 No Comments

Consumer electronics retailers are facing a major shortage of stock in May according both manufacturers and suppliers with both online and instore operations set to be hit. The problem is…

Audio Active Flogging Premium Nordic Entertainment Chairs

Elise Reid April 20, 2020 No Comments

In conjunction with Moran Furniture, Audio Active is introducing stylish, motorised retractable lounge chairs from the Fjords Modern Living Collection to the Australian market. Norway-based Moran Furniture has created quality…

No Evidence Of COVID -19 Problem At JB Hi Fi, As Best Buy Lays Off 50,000

David Richards April 16, 2020 No Comments

Best Buy the biggest CE and appliance Company in the world whose sales have fallen over 5% in stores but are surging by up to 250% online has moved to…

Online Sales Surge As PM Says Lock Down Will Not Be Lifted Any Time Soon

David Richards April 14, 2020 No Comments

As traffic to retail stores fall by up to 70% retailers such as Bunnings, Officeworks, Big W and JB Hi Fi are witnessing a surge in demand online, but there…

COVID-19, Sales Surge CE Retailers Close CBD Shops Some Doing Better Than Others

David Richards April 9, 2020 No Comments

Australia’s share market has been a bit stronger than expected today climbing 2.2% in early trading, retailers such as JB Hi Fi, Wesfarmers and Woolworths who own Big W, are…

Harris Scarfe CE & Appliance Suppliers Set To Only Get Cents But 5 Week Owner Gets $70M

David Richards April 9, 2020 No Comments

Several appliance and CE distributors are set to only get between 1.3¢ and 20.5¢ in the dollar under a proposed deed of company arrangement for the failed Harris Scarfe, Allegro…

Major Distributors Drop Staff Stock Financing For Some A Problem

David Richards April 2, 2020 No Comments

Major distributors are laying off staff some up to 50% of their entire workforce due to the Coronavirus epidemic, this is despite supply lines opening up in Asia. Jierui Huang,…