Afterpay Share Price Tumbles As AUSTRAC Orders Audit
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June 13, 2019
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UPDATE: Afterpay shares (ASX: APT) closed the day down just over 12 per cent. Shares in buy now, pay later service Afterpay... Read More
Major Expansion Plans For Officeworks, Connected Home & Education
Retail conglomerate Wesfarmers has announced a major expansion of their Officeworks operation with the retailer set to expand into the Connected Home,... Read More
BREAKING NEWS: Wesfarmer Buy Catch New K Mart Online Division
Days after Gerry Harvey purchased Seconds World From administration Wesfarmers has snared the Catch Group owners of Catch of The Day where... Read More
Afterpay In Regulator Crosshairs Over Compliance Issues
Buy-now-pay-later provider Afterpay has revealed federal regulators have raised issues over the potential for terrorism funding and money-laundering. Afterpay provided an update... Read More
Lenovo Plays Down Trade War As Profits Surge
Chinese computing giant Lenovo has sought to provide comfort to investors fretting over trade wars by reporting a huge boost in profit.... Read More
Xiaomi Revenue Up Amid Oz Expansion
Chinese electronics manufacturer Xiaomi has exceeded expectations on quarterly revenue as the company expands into Australia. Despite slowing smartphone sales in its... Read More
Harvey Norman Crank Up 2nds World Stores & Managers Named
Harvey Norman has moved quickly to crank up their newly aquired 2nds World operation with distributors and brands being asked to supply... Read More
COMMENT: What Now For Retailers After Labor Humiliation?
Retailers and suppliers are today breathing a sigh of relief after Labor failed dismally to deliver their policies that could have wreaked... Read More
EXCLUSIVE: Bidders For 2nds World Exposed 15 New Stores Coming
When billionaire retailer Gerry Harvey scooped up 2nds World last week after the liquidators were bought in, he bought to a halt... Read More
ASUS Crank Up OZ Operations With New Gaming Range
ASUS is looking to capture a “major share” of the Australian PC gaming market after claiming that they are already #1 in... Read More
Humm Announces New Retailers In Push Against Afterpay
UPDATE: FlexiGroup shares surged off the back of the announcement, climbing 24% to close the day at $1.68. Financier FlexiGroup has announced... Read More
Deloitte In The Cross Hairs, As Dick Smith Case Rambles On
Two years after one of the biggest consumer electronics retail failures in Australia, Deloitte are still trying to extract themselves from the... Read More
Alibaba Pays $250m Over Lawsuit
Alibaba will pay US$250 million to settle a US lawsuit after the Chinese e-commerce company concealed a regulatory warning about counterfeiting before... Read More
BREAKING: Samsung Profits Tumble 57%
Samsung has reported a 57% decline in profit, reaching its lowest level since the third quarter of 2016. The Korean manufacturer reported... Read More
Macquarie Move To Sack Staff & Close Equities Operation
Macquarie spin doctors have failed to reveal that the Australian Company that will today hold their annual Macquarie Equities gab fest is... Read More
EXCLUSIVE: Small CE & Appliance Distributors Facing Balance Sheet Probe
Suppliers to appliance and consumer electronics retailers, are set to face new balance sheet analysis as questions are raised about the ability... Read More
Kogan Rockets But Advisors Bet Against The Online Retailer
Yesterday Kogan was one of the best performers on the Australian share market now they are facing new competition from Macquarie in... Read More
COMMENT:Retailers Need To Change Direction After First Round Of Collapses
2nds World and RT Edwards have called in the administrators and Radio Rentals has simply shut up shop, at the same time... Read More
BREAKING NEWS: Radio Rentals SA Shuts Up Shop
Days After 2nds World called in the administrators Radio Rentals has decided to shut up shop. The South Australian Company plans to... Read More
BREAKING NEWS: Has Westpac Had A Major Hack Attack? Customers Forced To Re-Establish Credentials
Westpac appears to be having a major security issue with customers locked out of accounts and in some instance’s users of their... Read More
Half Price Gizmodo Flogged After Racking Up Big Losses
Loss making tech media Company Gizmodo which also includes Lifehacker is set to be sold for less than half what it sold... Read More
Is Sony Set To Be Split Up As Netflix & Amazon Circle?
Sony has struggled for more than a decade, now a major US hedge fund is building a stake in the Company that... Read More
Someone Has Confidence In Harvey Norman
Someone has confidence in Harvey Norman with Harvey Norman Director John Slack-Smith scooping up 45,000 shares in the big retailer on Friday.... Read More
Apple Slammed After Mega Store Deal Bellyflops
The mighty US brand Apple has been slammed after they were refused permission to build a mega store at Melbourne’s Federation Square.... Read More
World’s Biggest Asset Management Group Buy Into Kogan After Retailer Slammed
Hours after the largest asset management Company in the world, Black Rock Group purchased 4 million shares in online operator Kogan the... Read More
Foxconn, The Owner Of Sharp & Belkin Wobble As iPhone Sales Crash
Foxconn the Company that acquired Belkin, owns Sharp and is a major supplier to Apple has seen net profits fall by 12.6%... Read More
INSIGHT: Myer, A Fire Sale ‘Basket Case’
If Myer were any other business, its doors would be closed by now. Despite recently posting its first profit in eight years... Read More
UPDATED : Seiki TV Brand Liquidated In OZ
Seiki Australia has been placed into liquidation with questions now being asked about warranty claims on Seiki TV’s following the Companies collapse... Read More
ASUS Profits Crash 73% As PC & Peripheral Sales Flop
Struggling PC brand ASUS who trade as Asustek has reported a loss of $130M for the quarter, the Company is also a... Read More
BREAKING NEWS: 60 Big W Stores Tipped To Be Closed, Walmart Buy Rumour Quashed
Woolworths is tipped to be planning to close 60 Big W stores as the discount department store struggles to compete, despite increased... Read More
Sharp, Belkin & Dynabook Owner Seething Over Microsoft Legal Action
Foxconn Technology CEO billionaire Terry Gou is seething after Microsoft initiated legal action against his Company in an attempt to extract license... Read More
Jaycar, The House Brand Tech Retailer Makes Millions Flying Under The Radar Of Their Competitors
Jaycar the masters of house brand consumer electronics who recently announced an $80M investment in a new automated warehouse and distribution centre... Read More
Harvey Norman Franchisee Sales Down 5.2%, Described As ‘One Of Australia’s Most Exposed Retailers’
Franchised store earnings at Harvey Norman are down 5.2% to $158M as demand for the Companies furniture, bedding and appliances falls, analysts... Read More
Ambertech Profits Crash As Consumer Business Struggles
Sydney based distributor Ambertech has reported a 31% fall in profits despite a 19% lift in revenues. As a result, the board... Read More
COMMENT: Will Big W Be Sold Or Is Unsalable?
Will Big W be sold, or more so can it be sold? in their latest results losses eased from $10 million to... Read More
BREAKING NEWS: Apple Revenues & Profits Crash
As tipped consumers are turning off buying Apple products with the global Company reporting a quarterly decline in both revenue and profits.... Read More
Finance Supplier To Harvey Norman, IKEA & Apple Resellers Slammed
Scrutiny of FlexiGroup who describe themselves as a key supplier of financial services to retailers Harvey Norman, IKEA, and Apple Resellers have... Read More
Senior Staff Caught Ripping Off DJI To The Tune Of $200M +
Several senior staff at Chinese drone maker DJI, the world’s biggest maker of consumer drones have been ripping off the Company to... Read More
David Jones Sales Wobble But CE & Appliances Grow
Big department store David Jones joins a long list of retailers who saw sales wobble over the peak holiday buying period while... Read More
Dodgy Telstra Warned By ACCC, $100M Fine Next Time
Telco’s and consumer electronics retailers and their suppliers are set to fall under the microscope of the Australian Competition and Consumer Commission... Read More
BREAKING NEWS: Apple Sales Crash, New iPhones Fails To Deliver
Apple has had a big case of the wobbles with iPhones, their once mighty revenue earner and a category that represents more... Read More
EXCLUSIVE:CEDIA Installer Group Liquidation Woes Revealed
An investigation by ChannelNews has revealed that the directors behind BSR Group a Brisbane based custom installer Company have been the principle... Read More
Serious Questions Raised Over TEAC Inter Company Loans, Will ASIC Investigate?
Australian retailers who stock TEAC products are today questioning the long term future of the business after the Company reported a loss... Read More
BREAKING NEWS UPDATED: Myer Ban Media As AGM ‘Brawl Begins”
UPDATE: Myer has received a ‘second strike’ against its remuneration report after its largest investor, billionaire Solomon Lew, successfully rallied other shareholders... Read More
Is Gerry Harvey Set To Have Another Rant As Shares Hit $3.01
Gerry Harvey could be hyperventilating this morning ahead of his AGM, as he watches his shares slump to end up at $3.01.... Read More
Logitech Walks Away From Plantronics, Whose Year On Year Revenues Are Down
Logitech has walked away from a US$2.1 Billion dollar deal to buy Plantronics who are facing a margin squeeze in the... Read More
EXCLUSIVE: Powermove Boss Hits Out At Industry Speculation
The CEO of Adelaide based Powermove Distribution, Crawford Giles has hit out at industry speculation that his Company is under pressure. In... Read More
EXCLUSIVE: More Executives Quit Powermove, Brands Set To Be Next
Adelaide based distributor Powermove has lost another senior executive the third in the last two months, the Company is also facing the... Read More
Harvey Norman Slammed For Unregulated Lending
Harvey Norman has been slammed for for allowing ‘unregulated and unauthorised lenders” to openly operate in their overseas stores. One of these... Read More
Myer Shares Plunge, Dodgy Online Sales Revealed
Myer who last week slammed media for releasing poor secret sales numbers, has been caught out counting instore sales as online sales,... Read More
