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US Dollar Tipped To Fall 35%, Big Advantage Foe CE & Audio Importers

David Richards June 17, 2020 No Comments

Australian importers especially consumer electronics and appliance distributors are facing a volatile dollar with one US expert tipping that the US dollar that is the benchmark for the industry is…

Bowers & Wilkins Shops Buyers, Sound United Stick Their Hand Up

David Richards June 15, 2020 No Comments

Sound United the owners of the Denon, Polk Marantz, and Klipsch brands in Australia is hoping to acquire Bowes & Wilkins as the UK Company shops buyers. The move is…

Consumer Confidence Improves Ninth Week In A Row, Up 6%

Elise Reid June 2, 2020 No Comments

The latest ANZ-Roy Morgan Australian Consumer Confidence index has improved for the ninth week in a row, increasing by 6% last week on the back of further easing of the…

Nikon Struggling, 700 Jobs Slashed Profits Slump 88%

David Richards May 29, 2020 No Comments

Nikon the struggling Japanese camera Company has moved to slash over 700 jobs after the Company admitted that they are facing sustained losses because of the coronavirus pandemic, Several analysts…

David Jones Struggles, Stores To Be Sold, Network Shrunk, & Borrowings Extended

David Richards May 28, 2020 No Comments

David Jones is looking at more asset sales in an effort to reduce debt after a shocker start to 2020, parent Company Woolworths said that they will close some of…

Serious Questions Being Asked About Big W Future After Target Chainsaw Carve Out

David Richards May 26, 2020 No Comments

Serious questions are being asked about the future of Big W following the decision by Wesfarmers to take a chainsaw to Target in an effort to carve out a profitable…

Big CE Retailer Wobbles Move To Tip Dollars Into Online & Same Day Delivery

David Richards May 22, 2020 No Comments

After a stellar first quarter that saw JB Hi Fi and The Good Guys sales surge as COVID-19 demand kicked in global indications are that demand for consumer electronics and…

Sony Moves To Wholly Own Its Financial Subsidiary

Elise Reid May 20, 2020 No Comments

Sony has announced a new group organisational structure, which will include making Sony Financial Holdings (SFH) a wholly owned subsidiary. “The financial unit is based in Japan, and its profit…

EXCLUSIVE:Now Spotlight Owned Harris Scarfe Tries To “Screw” Suppliers

David Richards May 14, 2020 No Comments

Back in April, department store chain Harris Scarfe was sold to Spotlight Group, leaving unsecured creditors in the lurch for millions, now the new owner is trying to “screw” current…

Sony Facing Major Hurdles, TV, Camera, Audio & PlayStation Businesses Hit

David Richards May 14, 2020 No Comments

Sony is facing several hurdles with the Japanese Company confirming a major slump in revenues and profits, as they struggle to manufacture TV’s, audio products while also suffering from a…