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BREAKING NEWS: 60 Big W Stores Tipped To Be Closed, Walmart Buy Rumour Quashed

David Richards March 15, 2019 No Comments

Woolworths is tipped to be planning to close 60 Big W stores as the discount department store struggles to compete, despite increased sales across their appliances and consumer electronics categories.…

Sharp, Belkin & Dynabook Owner Seething Over Microsoft Legal Action

David Richards March 13, 2019 No Comments

Foxconn Technology CEO billionaire Terry Gou is seething after Microsoft initiated legal action against his Company in an attempt to extract license revenue from Android smartphones. Foxconn own Sharp and…

Jaycar, The House Brand Tech Retailer Makes Millions Flying Under The Radar Of Their Competitors

David Richards March 1, 2019 No Comments

Jaycar the masters of house brand consumer electronics who recently announced an $80M investment in a new automated warehouse and distribution centre in western Sydney last year delivered a $27.4M…

Harvey Norman Franchisee Sales Down 5.2%, Described As ‘One Of Australia’s Most Exposed Retailers’

David Richards February 28, 2019 No Comments

Franchised store earnings at Harvey Norman are down 5.2% to $158M as demand for the Companies furniture, bedding and appliances falls, analysts are now claiming that the mass retailer is…

Ambertech Profits Crash As Consumer Business Struggles

David Richards February 27, 2019 No Comments

Sydney based distributor Ambertech has reported a 31% fall in profits despite a 19% lift in revenues. As a result, the board has announced that no dividend will be paid.…

COMMENT: Will Big W Be Sold Or Is Unsalable?

David Richards February 20, 2019 No Comments

Will Big W be sold, or more so can it be sold? in their latest results losses eased from $10 million to $8 million, sales rose 2.7 per cent to…

BREAKING NEWS: Apple Revenues & Profits Crash

David Richards January 30, 2019 No Comments

As tipped consumers are turning off buying Apple products with the global Company reporting a quarterly decline in both revenue and profits. Revenues have fallen 4.5% to $84.31 billion in…

Finance Supplier To Harvey Norman, IKEA & Apple Resellers Slammed

David Richards January 23, 2019 No Comments

Scrutiny of FlexiGroup who describe themselves as a key supplier of financial services to retailers Harvey Norman, IKEA, and Apple Resellers have been accused of taking advantage of vulnerable customers…

Senior Staff Caught Ripping Off DJI To The Tune Of $200M +

David Richards January 20, 2019 No Comments

Several senior staff at Chinese drone maker DJI, the world’s biggest maker of consumer drones have been ripping off the Company to the tune of over A$209 Million an internal…

David Jones Sales Wobble But CE & Appliances Grow

David Richards January 18, 2019 No Comments

Big department store David Jones joins a long list of retailers who saw sales wobble over the peak holiday buying period while suppliers are telling ChannelNews that Myer did “okay”…