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Dodgy Telstra Warned By ACCC, $100M Fine Next Time

David Richards January 7, 2019 No Comments

Telco’s and consumer electronics retailers and their suppliers are set to fall under the microscope of the Australian Competition and Consumer Commission in 2019 after several Companies in particular Telstra…

BREAKING NEWS: Apple Sales Crash, New iPhones Fails To Deliver

David Richards January 3, 2019 No Comments

Apple has had a big case of the wobbles with iPhones, their once mighty revenue earner and a category that represents more than 60% of their revenues has suddenly crashed.…

EXCLUSIVE:CEDIA Installer Group Liquidation Woes Revealed

David Richards December 12, 2018 No Comments

An investigation by ChannelNews has revealed that the directors behind BSR Group a Brisbane based custom installer Company have been the principle executives linked with three Companies that have been…

Serious Questions Raised Over TEAC Inter Company Loans, Will ASIC Investigate?

David Richards December 4, 2018 No Comments

Australian retailers who stock TEAC products are today questioning the long term future of the business after the Company reported a loss of $2.4M. Questions are also being raised as…

BREAKING NEWS UPDATED: Myer Ban Media As AGM ‘Brawl Begins”

David Richards November 30, 2018 No Comments

UPDATE: Myer has received a ‘second strike’ against its remuneration report after its largest investor, billionaire Solomon Lew, successfully rallied other shareholders to his bid to destabilise and turf out…

Is Gerry Harvey Set To Have Another Rant As Shares Hit $3.01

David Richards November 27, 2018 No Comments

Gerry Harvey could be hyperventilating this morning ahead of his AGM, as he watches his shares slump to end up at $3.01. When his shares hit $4.00, he came out…

Logitech Walks Away From Plantronics, Whose Year On Year Revenues Are Down

David Richards November 26, 2018 No Comments

Logitech has walked away from a US$2.1 Billion dollar deal to buy Plantronics who are facing a margin squeeze in the consumer gaming market. Logitech approached Plantronics whose revenues…

EXCLUSIVE: Powermove Boss Hits Out At Industry Speculation

David Richards November 26, 2018 No Comments

The CEO of Adelaide based Powermove Distribution, Crawford Giles has hit out at industry speculation that his Company is under pressure. In an email to ChannelNews following our story last…

EXCLUSIVE: More Executives Quit Powermove, Brands Set To Be Next

David Richards November 22, 2018 No Comments

Adelaide based distributor Powermove has lost another senior executive the third in the last two months, the Company is also facing the loss of the Toshiba TV business and Philips…

Harvey Norman Slammed For Unregulated Lending

David Richards November 21, 2018 No Comments

Harvey Norman has been slammed for for allowing ‘unregulated and unauthorised lenders” to openly operate in their overseas stores. One of these lenders is Australian Company called Flexi Fi which…