Samsung Beats Coronavirus Downturn While LG Wobbles
/
April 7, 2020
//0 Comment
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 $12.6M EBIT was down 102.8 percent to a loss of... Read More
BREAKING NEWS: Dow Jones Devastated By Coronavirus
The Dow Jones has plummeted down by 4.4 per cent in its worst one-day point drop in history, as fears continue to... Read More
Microsoft Forecasts Revenue Hit Due To Coronavirus
Microsoft has joined Apple claiming that revenues are set to tumble because of the Coronavirus, the Company is also warning of short... Read More
A$ Tanks CE & Appliance Suppliers Now Facing Double Whammy
Australian consumer electronics and appliance suppliers are facing having to significantly lift prices if they have not hedged against the Australian dollar... Read More
Prime Media Warns Of ‘Depressed’ Ad Revenue
Prime Media has warned that regional advertising revenue will continue to be depressed throughout the 2020 financial year. It comes after the... Read More
ASX Falls To Two-Month Low
Australia’s sharemarket has felt the impacts of the coronavirus after taking a steep dive at the open. But it wasn’t as bad... Read More
Big W First Profit Since 2016, CE A Growth Category
BIG W has reported a first half profit for the first time since 2016 with a restructuring of the consumer electronics categories... Read More
Nine Entertainment Net Profit Slumps 9%
Nine Entertainment has released its finances for H1 FY20, outlining its results from the months since December last year. Lead takeaways from... Read More
B&W Failed To Tell Local Management Of CEO Restructure
Senior management at Bowers & Wilkins Australia were not told that global directors had quit the UK Company or that a turnaround... Read More
Technology Stocks Take A Tumble As ASX Haemorrhages
SYDNEY: Technology stocks have been impacted as the ASX tumbled amid investor concerns about the spread of the coronavirus. Tech investors are concerned about... Read More
BREAKING NEWS: The Australian Share Market Plunges More Than 2%
The Australian share market has dropped 2.3 per cent in early trade, as steep falls hit around the world overnight amid coronavirus... Read More
BREAKING NEWS: Major Shake Up At Bowers & Wilkins As CEO Exits
A major shakeup has rocked high end Hi Fi Company Bowers & Wilkins with two senior executives exiting the Company. Gideon Yu,... Read More
Collapsed Harris Scarfe Bidder Pursued By ASIC
Australia’s former fourth-richest woman in Australia, Jan Cameron, has emerged as a potential bidder for the collapsed retail chain Harris Scarfe, sources... Read More
eBay Mulls Sale Of Classifieds
E-commerce giant eBay is in discussions with several suitors over the possible sale of its classified-ads business. The company said it expects... Read More
ASX Launches Oz Technology Index: 46 Outfits Named
The rapidly growing Australian technology sector today gains unprecedented recognition, with the Australian Stock Exchange (ASE) launching its first technology index. The... Read More
US Tax Agency Sues Facebook For $9bn In Unpaid Taxes
US tax heavy, the Internal Revenue Service, is suing Facebook, claiming the social media network giant owes a cool US$9 billion (A$13.46... Read More
Lenovo Q3 Performance Reach “Record High” Revenues
Lenovo Group marks the 10th consecutive year-on-year quarter of growth with revenues in Q3 2019 reaching a record high of US$14.1 billion,... Read More
Channel 10 Owner See Shares Slump 17%
The owners of Channel 10 have seen their share value plunge 17% as analysts struggle to see how they can compete with... Read More
Afterpay & Samsung Partner To Provide Flexible Payments
Afterpay and Samsung have partnered to enable customers shopping at smartphone makers online stores to take advantage of its buy now, pay... Read More
Technology Leads The Way In Shares, Brings New Highs To Wall Street
After Apple issued a warning of a decline in sales amid supply disruption from China earlier this week that hit global tech... Read More
Vocus Retail Plunges After Decision To Stop NBN Growth
Telecommunications company Vocus has reported its revenue dropped 6.9 per cent to $901.9 million, with direct costs down 9 per cent and... Read More
