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Concerns Over Move To Set Minimum Advertised Prices On Power Tools

Elise Reid March 27, 2020 No Comments

The ACCC has moved to disallow power tool distributer Stanley Black & Decker’s from setting a minimum advertised price for Dewalt brand power tools, accessories and attachments. There are also…

UPDATED: Retailers Face Close Down PM, QBE Tipped To Cut Insurance Risk

David Richards March 27, 2020 No Comments

Despite pleas to both Federal and State Governments consumer electronics and appliance retail stores face being shut down from Monday of next week according to several sources. Scott Morrison says…

BREAKING NEWS: Wesfarmers Close Kmart Stores Harvey Norman Tipped To Follow

David Richards March 25, 2020 No Comments

Wesfarmers the operators of Target, Bunnings, Officeworks and Kmart has announced that the closure of 25 New Zealand K Mart stores, ChannelNews understands that Harvey Norman and JB Hi Fi…

BREAKING NEWS: Speculation Running Rampart Wesfarmers Planning To Close Target

David Richards March 23, 2020 No Comments

Speculation is running rampant among suppliers to the Wesfarmers owned Target that the struggling retailer is set to be closed down in Australia. Earlier today the Company issued a statement…

OZ Retailers Checking Distributor Credentials, Ayonz Revealed As Foreign Company

David Richards March 23, 2020 No Comments

Retailers are moving to check the balance sheet of their suppliers some fearing that they could be left with warranty claims if a distributor has cash flow problems or supply…

We Are Not A Bank Claim Distributors, Hi Fi Retailers Told To Pay Their Debts

David Richards March 23, 2020 No Comments

An intense situation is developing with Hi Fi retailers now facing the real possibility that distributors who claim that they have become “The Bank” for struggling retailers, set to demand…

BREAKING NEWS: Bunnings, Big W, Harvey Norman Face Being Closed Down, Online Set To Be The Norm

David Richards March 22, 2020 No Comments

Consumer electronic and appliance retailers in NSW and Victoria are facing the real possibility that they are going to have to trade online with both State Governments moving to shut…

Big Smartphone Retailer Slashes Jobs Closes Stores

David Richards March 17, 2020 No Comments

Shares in Dixons the UK equivalent of JB Hi Fi have soared 14% after the Company announced the closing of 531 stores and the sacking of 2,900 employees. Dixons Carphone…

Leading CE Distributor Fined A$115M, Apple Hit A$1.8 Billion

David Richards March 17, 2020 No Comments

Leading IT distributor Ingram Micro has found themselves front and centre of a fight that has seen Apple fined A$1.8 Billion by Frances antitrust watchdog, for alleged anti-competitive practices. Ingram…

CORONAVIRUS LIVE UPDATE: Harvey Norman Move To Close Stores

David Richards March 16, 2020 No Comments

Harvey Norman has moved to close stores as analysts warn that a plunge in economic activity looms in the second quarter, as industries such as tourism, education and entertainment grind…