Consumer Confidence Improves Ninth Week In A Row, Up 6%
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June 2, 2020
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The latest ANZ-Roy Morgan Australian Consumer Confidence index has improved for the ninth week in a row, increasing by 6% last week... Read More
Nikon Struggling, 700 Jobs Slashed Profits Slump 88%
Nikon the struggling Japanese camera Company has moved to slash over 700 jobs after the Company admitted that they are facing sustained... Read More
David Jones Struggles, Stores To Be Sold, Network Shrunk, & Borrowings Extended
David Jones is looking at more asset sales in an effort to reduce debt after a shocker start to 2020, parent Company... Read More
Serious Questions Being Asked About Big W Future After Target Chainsaw Carve Out
Serious questions are being asked about the future of Big W following the decision by Wesfarmers to take a chainsaw to Target... Read More
Big CE Retailer Wobbles Move To Tip Dollars Into Online & Same Day Delivery
After a stellar first quarter that saw JB Hi Fi and The Good Guys sales surge as COVID-19 demand kicked in global... Read More
Sony Moves To Wholly Own Its Financial Subsidiary
Sony has announced a new group organisational structure, which will include making Sony Financial Holdings (SFH) a wholly owned subsidiary. “The financial... Read More
EXCLUSIVE:Now Spotlight Owned Harris Scarfe Tries To “Screw” Suppliers
Back in April, department store chain Harris Scarfe was sold to Spotlight Group, leaving unsecured creditors in the lurch for millions, now... Read More
Sony Facing Major Hurdles, TV, Camera, Audio & PlayStation Businesses Hit
Sony is facing several hurdles with the Japanese Company confirming a major slump in revenues and profits, as they struggle to manufacture... Read More
Logitech Sales Surge, Shares Climb 6.6% As They Struggle To Keep Up With Demand
The last few weeks have been chaotic for Swiss American Company Logitech as consumers swarmed online sites and retail stores looking for... Read More
Money Laundering Authority To Probe Distributor Payments Via Pay Pal
PayPal the service used by thousands of distributors selling products on eBay is facing action under the Anti-Money Laundering and Counter-Terrorism Financing... Read More
CellNet Announces Capital Raising After Westpac Extends Loan
Brisbane based distributor Cellnet who had a short-term loan from Westpac has secured an extension past the end of May with the... Read More
Rise Of Online Shopping: Paypal Adds 7.4 Million Accounts In April
As consumers are largely restricted to shopping online, PayPal has witnessed massive growth, adding 20.2 million new active accounts in Q1 2020... Read More
Is Myer Next For Administration Management?
24 hours after Wesfarmers admitted that Target was in trouble with insiders telling Channel News that their future looks “grim”, concerns are... Read More
BREAKING NEWS: Future For Target Looks Grim Wesfarmers Openly Discussing Problems
Wesfarmers has finally moved to openly discuss the future of Target after we exclusively revealed that the struggling business is close to... Read More
“Ripped Off” Insolvent Harris Scarfe Allegro Funds Deal, Looks Like Another Dick Smith Anchorage Capital Saga
Allegro Funds executives are today ducking for cover after it was revealed that Harris Scarfe became insolvent the moment the Company took... Read More
Banks Prepare For Consumers To Skip Out On Credit Card Payments
Credit card payments are often among the first loans people stop paying during economic crises, as they are usually unsecured. Lenders are... Read More
INSIGHT: Harris Scarfe Liquidation, ‘Dodgy Deal’ Or Acceptable ‘Stitch Up’ By Allegro Funds, Suppliers Angry
Dodgy deals or acceptable stich up, Harris Scarfe, is now at the centre of what should be a major ASIC investigation according... 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
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
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
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
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
Harvey Norman Shares Thumped, Directors Salaries Cut, Dividends Revoked
As JB Hi Fi shares climbed 2.3% Thursday, Harvey Norman shares were nosediving falling 7% after management revoked the $0.12 cent dividend... Read More
Light At The End Of The Tunnel For Distributors As Dollar Heads To $0.70
For distributors there is light appearing at the end of the tunnel, especially those that have already put their prices up when... Read More
COVID-19: Australian Consumer Confidence Plunges To Record Low
In the ANZ-Roy Morgan survey conducted on the weekend consumer confidence hit 65.3, the lowest level since the survey commenced in 1973.... Read More
Retailers & Distributors Told To ‘Hang On’ As Government Moves To Prop Up Business
Consumer electronics and appliance retailers who are moving to online to drive business have been told they “Must innovate and iterate” to... Read More
We Are Not A Bank Claim Distributors, Hi Fi Retailers Told To Pay Their Debts
An intense situation is developing with Hi Fi retailers now facing the real possibility that distributors who claim that they have become... Read More
BREAKING NEWS: Bunnings, Big W, Harvey Norman Face Being Closed Down, Online Set To Be The Norm
Consumer electronic and appliance retailers in NSW and Victoria are facing the real possibility that they are going to have to trade... Read More
No Loan Repayments For Small Business For Six Months
Small businesses hit by COVID-19 will be given a six-month deferral on loan repayments. AMP Bank, ANZ, Bank Australia, Bank of Queensland... Read More
BREAKING NEWS: OZ Dollar Crashes As RBA Delivers $90 Billion To Prop Up Businesses
The Reserve Bank has cut the official cash rate to 0.25 per cent from 0.5 per cent with banks set to have... Read More
Big Smartphone Retailer Slashes Jobs Closes Stores
Shares in Dixons the UK equivalent of JB Hi Fi have soared 14% after the Company announced the closing of 531 stores... Read More
Leading CE Distributor Fined A$115M, Apple Hit A$1.8 Billion
Leading IT distributor Ingram Micro has found themselves front and centre of a fight that has seen Apple fined A$1.8 Billion by... Read More
Hibernation Economy Helping CE & Appliance Retailers
Consumers who have taken to hibernating, working from home and stocking up on food in Australia are driving CE and appliance sales... Read More
UPDATED:Tech Stocks Walloped Fitbit Survives The Carnage
Tech stocks have been walloped after shares around the world had their worst day since the financial crisis at one stage Wall... Read More
EXCLUSIVE:Lifestyle Store Claims They Are Not Going Broke Despite Rumours
The CEO of Australia’s largest retailer of premium audio and custom installation has said that they are “not going broke”, though they... Read More
‘Sad Day For Journalism’: ACCC Boss Reviews AAP Closure
The Australian Competition and Consumer Commission has revealed its examining the upcoming closure of Australian Associated Press. The impending closure of AAP... Read More
NSW Fair Trading Confirms Complaints Received Over Mardi Gras Post-Parade Party
The NSW Fair Trading Commission has confirmed it has received complaints from consumers in relation to the Mardi Gras post-parade party that... Read More
Coronavirus: RBA Slashes Interest Rates To Record Low Of 0.5%
For the fourth time in a year, the Reserve Bank has slashed interest rates to a record low of 0.5 per cent... Read More
AAP Newswire Service Closes After 85 Years
After 85 years of operation, news agency Australian Associated Press, whose 180 journalists provide a significant amount of the nation’s daily news... Read More
Apple Stock Rebounds, Strongest Day Since 2018
Shares in Apple surged 6.9 per cent on Monday, assisted by a broad Wall Street rebound and an upgraded rating from an... Read More
Harris Scarfe Saved From Collapse By Spotlight
Failed retail department store Harris Scarfe is reportedly set to make a comeback with speculation home fittings store Spotlight is lining up... Read More
Will Coronavirus Cancel Olympics? Struggling Seven Prepares
Seven West Media is preparing for the coronavirus to lead to the cancellation of the 2020 Tokyo Olympics in what would be... Read More
Garmin Admits Profit Will Drop In 2020
Garmin Australia who last reported a $4.4 million profit on revenues of $176 million are facing several challenges including Coronavirus supply issues... Read More
UPDATE: NSW Fair Trading Responds After Mardi Gras Leaves Thousands Out Of Paid Event
The Sydney Gay and Lesbian Mardi Gras has apologised to revellers after thousands of ticket holders were left in the dark, missing... Read More
Is Harvey Norman Buying Up Coronavirus Stock After Shares Slump 14%?
As the Coronavirus worsens in Australia some retailers have taken to buying up stock at distributors while negotiating access to stock from... Read More
Bang & Olufsen Revenues Slump, Losses Mount
After being dropped by local distributor Aquipa, Bang & Olufsen has continued to report losses and a slump in revenue of more... Read More
Harvey Norman’s Franchise Profit Sheds $21.92 Million
Harvey Norman revenues have dropped 7%, their property value by 44.5% while profits have fallen 4.1%. The poor half year result ending... Read More
Cricket To Feel Nine’s Cost Cut, TV Channels Struggle To Profit
Nine Entertainment has revealed it will concentrate on slashing out $100 million in costs over a three year period after reporting a... Read More
Ambertech Smashed Supply Issues Impact Both Sales & Profits
Ambertech has been smashed with their consumer lifestyle revenues slumping 12.6% to $12.6M EBIT was down 102.8 percent to a loss of... Read More
