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Will Amazon Convert Dead Malls Into Fulfilment Centres?

Elise Reid August 10, 2020 No Comments

According to The Wall Street Journal, Amazon has been in talks with the US commercial property owner Simon Property Group about converting certain malls into fulfilment centres for the e-commerce…

US WeChat Ban Set To Hit Retail Suppliers

David Richards August 8, 2020 No Comments

Australian retailers, distributors and big brand suppliers could be impacted by the US President’s decision to ban the popular WeChat app that is used by billions in China to communicate.…

Trump Signs Executive Orders Banning WeChat, TikTok

Elise Reid August 7, 2020 No Comments

US President Donald Trump has signed two executive orders that prohibit US residents from doing business with ByteDance, which owns the video-sharing app TikTok, and Tencent, the owner of the…

IDC: ‘Automation Could Save Oz Businesses During COVID-19’

Elise Reid August 7, 2020 No Comments

According to the latest IDC Asia Pacific IT Services Survey, half of businesses in Australia and New Zealand say there will be more demand for robotic process automation (RPA) solutions…

Vic Premier Flips On Business Lockdowns

Elise Reid August 7, 2020 No Comments

The Premier of Victoria Daniel Andrews has backed down on certain COVID-19 lockdown restrictions for businesses before they were even enforced, after facing fierce opposition from some of the state’s…

World’s Richest Retailer Sells $3B In Stock

Elise Reid August 7, 2020 No Comments

Amazon CEO Jeff Bezos has sold 1 million shares in the e-commerce giant, worth approximately US$3.1 billion. While this is a hefty figure, it represents just 3% of the billionaire’s…

Nintendo Smash Forecasts With 428% Surge In Profits

David Richards August 7, 2020 No Comments

Nintendo has annihilated analyst earnings with profits surging over 428% as retailers such as JB Hi Fi and EB Games benefit from demand for gaming consoles. Driving it was a…

Market Analysts Say Tablet Boom Is Here To Stay

Elise Reid August 7, 2020 No Comments

Market research firms Strategy Analytics and Canalys both expect the boom in the global tablet market to stay, as tablets offer a lower price point for consumers that are working…

Harvey Norman Shares Up 7% On Sector Confidence

Roma Christian August 6, 2020 No Comments

Shares in Harvey Norman have rallied over 7% just after midday, with investor confidence seemingly bolstered by a positive H1Y21 outlook from rival furniture retailer Nick Scali. Harvey Norman shares…

Fitbit Online Sales Up 102%

Elise Reid August 6, 2020 No Comments

As Fitbit navigates the COVID-19 crisis and global downturn, the company has announced that it will continue to ramp up efforts to expand its online retail operations, which have proved…