Harvey Norman Crank Up 2nds World Stores & Managers Named
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May 20, 2019
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Harvey Norman has moved quickly to crank up their newly aquired 2nds World operation with distributors and brands being asked to supply... Read More
COMMENT: What Now For Retailers After Labor Humiliation?
Retailers and suppliers are today breathing a sigh of relief after Labor failed dismally to deliver their policies that could have wreaked... Read More
EXCLUSIVE: Bidders For 2nds World Exposed 15 New Stores Coming
When billionaire retailer Gerry Harvey scooped up 2nds World last week after the liquidators were bought in, he bought to a halt... Read More
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First up it was Amazon who moved into the Australian retail market now Facebook and Instragram want to have a crack at... Read More
New Costco Online To Sell CE, Appliances & Electric Bikes
Costco is set to expand their range of consumer electronics appliances via a new online store that will also sell the new... Read More
BREAKING NEWS: JB Hi Fi Sales Slow, Underperforming Brands Face Being Dropped
JB Hi Fi has given the first indication that sales of consumer electronics are softening in a presentation at today’s Macquarie Equities... Read More
EXCLUSIVE: Small CE & Appliance Distributors Facing Balance Sheet Probe
Suppliers to appliance and consumer electronics retailers, are set to face new balance sheet analysis as questions are raised about the ability... Read More
Kogan Rockets But Advisors Bet Against The Online Retailer
Yesterday Kogan was one of the best performers on the Australian share market now they are facing new competition from Macquarie in... Read More
COMMENT:Retailers Need To Change Direction After First Round Of Collapses
2nds World and RT Edwards have called in the administrators and Radio Rentals has simply shut up shop, at the same time... Read More
EXCLUSIVE: Soniq ‘Bitter’ After JB Hi Fi Drop Brand
In a major shakeup of their TV offerings, JB Hi Fi is believed to have dumped the Soniq brand with management at... Read More
Someone Has Confidence In Harvey Norman
Someone has confidence in Harvey Norman with Harvey Norman Director John Slack-Smith scooping up 45,000 shares in the big retailer on Friday.... Read More
Gerry Harvey Defends Property Portfolio Value
Harvey Norman executive chairman Gerry Harvey has defended the value of his $2.93 billion property portfolio, which despite falling property prices reported... Read More
ATO Reveals How Online OS Sales Are Carving Up Retailers
The Australian Government is set to reap millions above what they expected in revenues after they slapped a 10% GST on low... Read More
EXCLUSIVE: Serious Questions Raised About New P30 Images & Huawei Market Share Ahead Of Paris Launch
A brutal battle is set to unfold in the Android smartphone market between Samsung the market leader with their all new Galaxy... Read More
Big Retailers Dumps Apple Others Demand Better Margins As iPhone Sales Crash
Apple is facing a new dilemma in Australia, with retailers who have been bullied in the past regarding the returns they get... Read More
Kogan Trashes Toshiba TV Prices, Brand Was Once Exclusive At Harvey Norman
Serious questions are being asked after Kogan started ranging Toshiba TV’s which have traditionally been sold at Harvey Norman at what has... Read More
EXCLUSIVE: Costco To Launch Major E-Commerce Operation In Australia
Costco is set to unleash a major e commerce operation in Australia and one big advantage is they have buying power according... Read More
Harvey Norman Franchisee Sales Down 5.2%, Described As ‘One Of Australia’s Most Exposed Retailers’
Franchised store earnings at Harvey Norman are down 5.2% to $158M as demand for the Companies furniture, bedding and appliances falls, analysts... Read More
BREAKING NEWS: ACCC Targets Large CE & Appliance Retailers Over Questionable Sales Practises
Large consumer electronics and appliance retailers are set to be targeted by the Australian Competition and Consumer Commission over concerns that many... Read More
Crunch Time Looming For Brands At JB Hi Fi As Margins Get Squeezed
In a few weeks’ time JB Hi Fi will move from their Chadstone headquarters to a new operational centre in South Melbourne,... Read More
Brands Working with Amazon To Expand CE & Appliance Categories
Amazon is set to expand their appliances and consumer electronics sales in Australia after they initially took “tentative” steps to evaluate the... Read More
Appeal Judge Rules Against Harvey Norman Franchisee, After Customer Run Over
A Harvey Norman Franchisee has lost an appeal in the WA District Court after a customer was run over waiting for recently... Read More
EXCLUSIVE:Confirmed, Big Retailers & Carriers Dump Sony Smartphones
Sony Mobile who in the past have refused to confirm they are getting out of the smartphone business appear to have been... Read More
EXCLUSIVE: TP Link On Shakey Ground At Harvey Norman As Sales Slip
A shakeup is tipped for the networking channel with Harvey Norman who has already dropped TP Link products in New Zealand, tipped... Read More
CE & Appliance Retailers Facing Tough Future Warns UBS
Investment Bank UBS has warned Australian retailers who are facing a tough reporting season that they must invest in price, range and... Read More
Amazon A Threat To Retail Stores “Pure Myth” Claims Harvey Norman Boss
A senior Harvey Norman executive has claimed that it’s a myth that retail stores are in trouble because of Amazon. Blaine Callard... Read More
Finance Supplier To Harvey Norman, IKEA & Apple Resellers Slammed
Scrutiny of FlexiGroup who describe themselves as a key supplier of financial services to retailers Harvey Norman, IKEA, and Apple Resellers have... Read More
EXCLUSIVE: Harvey Norman Staff Up In Arms Over Commission Deductions & Salary Secrecy
Harvey Norman staff are up in arms over their salary packages and the amount of money that is being deducted from their... Read More
EXCLUSIVE: Has Microsoft Paid To Keep Google Chrome Out Of Retailers?
Several PC brands have claimed that Microsoft has pressured retailers to not stock Google Chrome devices in Australia, the retailers claim that... Read More
Are Women Set To Give Harvey Norman Stores A Miss?
If the action of Chairman Gerry Harvey are anything to go by the big retailer is a boys club that he controls... Read More
Is Gerry Harvey Set To Have Another Rant As Shares Hit $3.01
Gerry Harvey could be hyperventilating this morning ahead of his AGM, as he watches his shares slump to end up at $3.01.... Read More
EXCLUSIVE: More Executives Quit Powermove, Brands Set To Be Next
Adelaide based distributor Powermove has lost another senior executive the third in the last two months, the Company is also facing the... Read More
JB Hi Fi Reduce Debt Levels As Harvey Norman Increases Theirs
As Harvey Norman moves to increase its debit levels JB Hi Fi has moved to reduce their liabilities. Over the past year,... Read More
Harvey Norman Slammed For Unregulated Lending
Harvey Norman has been slammed for for allowing ‘unregulated and unauthorised lenders” to openly operate in their overseas stores. One of these... Read More
Harvey Norman: Debt Up Share Value Down, Questions Over Directors Pay, AGM Set To Be A Circus
Goldman Sachs Group who recently went back to reporting on Harvey Norman has issued a sell rating on the stock ahead of... Read More
JB Hi Fi A ‘Screaming Bargain’ Unlike Harvey Norman Claims Top Analyst
Despite being one of the most shorted stocks on the ASX Fund Managers still have an appetite for JB Hi Fi unlike... Read More
CE Retailers Facing Threat, From Apple Amazon Deal
Australian retailers who sell Apple products are facing a real threat after Amazon cut a deal with Apple to range their PC’s... Read More
Big Punt Failure, As Another Harvey Norman Investment Bites The Dust
If Gerry Harvey’s punting is anything like his recent investments he’s going to have a shocking day at the Melbourne Cup today... Read More
Kogan Comes Of Age With Gig Alongside JB Hi Fi, Harvey Norman & Optus
Kogan came of age last night when for the first time a major brand promoted the online retailer alongside JB HI FI... Read More
Harvey Norman Facing Real Risk, AGM Set To Be A Spark Fest
Harvey Norman Chairman Gerry Harvey is facing a real risk that shareholders could turn on him with demands for “truely independant” Directors... Read More
Exposed, Harvey Norman Directors Forced To Dispose Of Questionable Stock
Harvey Norman Directors who lined their own pockets with benefits at the expense of other shareholders have been caught out and forced... Read More
Electrolux Set To Jack Up Prices OZ Appliance Market Described As “Negative”.
The Australian market for appliances has gone “soft” according to Electrolux management with the Swedish Company only achieving sales increases by “lifting... Read More
Gerry Harvey Gets An “Extra Advantage” Buying His Own Shares
When your share value is falling, and sales are sliding there’s nothing like dipping into the piggy bank to buy your own... Read More
Container Door, A Brash Kiwi Upstarts Thinks $140M Revenue Over 3 Years Will Hurt Australian Retailers
Brash New Zealand upstart Container Door, believes that they can strip revenue from Australian retailers by making consumers wait days, if not... Read More
Will Harvey Norman Margins Get Squeezed & What Is The Future For Myer?
As big US retailer Sears crashes into bankruptcy questions are now being raised in Australia about the future of Myer and whether... Read More
Harvey Norman $7.8M Bail Out Of Apple Reseller Raises Franchisee Question
When Harvey Norman Chairman Gerry Harvey was spruiking his big new Auburn store earlier this month there was issue that he did... Read More
‘Oh No’ Gerry Harvey On Twitter
The Financial Review has dared to suggest that Harvey Norman boss Gerry Harvey should buy a computer and “Take to Twitter”. Likening... Read More
Logitech On A Roll As PC Gaming Delivers Growth And Consumers Look To Upgrade Sound Gear
Logitech Australia is one of those Companies that has successfully reinvented themselves moving into new markets and categories after several years of... Read More
Harvey Norman To Open 107 New Stores By 2020
Struggling to deliver growth in Australia Harvey Norman is turning to overseas and markets such as Malaysia where they plan to open... Read More
Gerry Harvey Has A Crack At JB HI Fi Online, Claims Amazon Will Have To Open Stores
Harvey Norman Chairman Gerry Harvey who has spent the long weekend spruiking his new Auburn NSW store which has cost suppliers millions,... Read More
