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CE Retailers Shift Stock As After Easter Uncertainty Takes Hold

David Richards April 13, 2020 No Comments

Consumer electronics and appliance retailers are moving to shift millions of dollars’ worth of stock sitting in empty stores to online warehouses, one retail group has also moved to facilitate…

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…

Samsung Beats Coronavirus Downturn While LG Wobbles

David Richards April 7, 2020 No Comments

Samsung Electronics whose health is crucial to South Korea’s economy has reported a 2.7% increase in profits and a 5% increase in sales despite the outbreak of a Coronavirus epidemic.…

Samsung Wobbles As COVID-19 Strikes New Financials Due Today

David Richards April 7, 2020 No Comments

A slump in demand for mobile packages in Australia could be bad news for Samsung who pre the COVID-19 was talking positively about 2020 and having ‘turned the corner’ after…

Has Harvey Norman Revenues Started To Slump? Their Shares Have

David Richards April 6, 2020 No Comments

Has Harvey Norman revenues slumped, following the ill-fated appearance of Chairman Gerry Harvey on 60 Minutes, who after bragging about his recent spurt in growth and how he planned to…

Harvey Norman Shares Thumped, Directors Salaries Cut, Dividends Revoked

David Richards April 2, 2020 No Comments

As JB Hi Fi shares climbed 2.3% Thursday, Harvey Norman shares were nosediving falling 7% after management revoked the $0.12 cent dividend promised to shareholders on the 28th of February.…

Light At The End Of The Tunnel For Distributors As Dollar Heads To $0.70

David Richards April 1, 2020 No Comments

For distributors there is light appearing at the end of the tunnel, especially those that have already put their prices up when the dollar fell to $0.55 late last month.…

COVID-19: Australian Consumer Confidence Plunges To Record Low

Elise Reid April 1, 2020 No Comments

In the ANZ-Roy Morgan survey conducted on the weekend consumer confidence hit 65.3, the lowest level since the survey commenced in 1973. Overall, it declined by 9.8% over the past…

Retailers & Distributors Told To ‘Hang On’ As Government Moves To Prop Up Business

David Richards March 30, 2020 No Comments

Consumer electronics and appliance retailers who are moving to online to drive business have been told they “Must innovate and iterate” to stay alive claims the head of the ANZ…

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…