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Harris Scarf: “Federal Government Allowing “Legalised Theft” Claims Suppliers Allegro Funds In Crosshairs

Harris Scarf: “Federal Government Allowing “Legalised Theft” Claims Suppliers Allegro Funds In Crosshairs

David Richards May 10, 2020 No Comments

Suppliers to Harris Scarfe who lost millions in what some are claiming was a legalised theft” of money are calling for an overhaul of the Government process that allowed a…

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Authorities Launch Policy For Consumer Data Rights

Authorities Launch Policy For Consumer Data Rights

Elise Reid May 8, 2020 No Comments

The ACCC and the Australian Information Commissioner (OAIC) have released the new Compliance and Enforcement Policy for the Consumer Data Right, which aims to give consumers greater access to and…

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Australian Market A Bright Spot For Electrolux

Australian Market A Bright Spot For Electrolux

Elise Reid May 8, 2020 No Comments

Although Electrolux’s net sales contracted by 5.1% in Q1, as a result of the COVID-19 pandemic, Australia was one of the few markets where the Swedish appliance manufacturer witnessed growth.…

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Wesfarmers To Double Down On Online Channels

Wesfarmers To Double Down On Online Channels

Elise Reid May 8, 2020 No Comments

In his address to the Macquarie 2020 Conference, Wesfarmers CEO Rob Scott revealed that the group plans to make even great investments in the online retail platforms for Bunnings, Kmart…

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Costco Starts To Feel The Pinch As Sales Fall In April

Costco Starts To Feel The Pinch As Sales Fall In April

Elise Reid May 8, 2020 No Comments

In April Costco Wholesale recorded the first fall in monthly sales in over a decade, with the company stating they were negatively impacted by the COVID-19 pandemic, stay-at-home orders, social…

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Nintendo Switch & Animal Crossing Sales Surge During Lockdown

Nintendo Switch & Animal Crossing Sales Surge During Lockdown

Elise Reid May 8, 2020 No Comments

Despite facing some supply chain issues, Nintendo has broken records with its newest Animal Crossing title and Nintendo Switch sales, as consumers look to keep themselves entertained during the COVID-19…

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CellNet Announces Capital Raising After Westpac Extends Loan

CellNet Announces Capital Raising After Westpac Extends Loan

David Richards May 8, 2020 No Comments

Brisbane based distributor Cellnet who had a short-term loan from Westpac has secured an extension past the end of May with the Company announcing a move to strengthen their balance…

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Rise Of Online Shopping: Paypal Adds 7.4 Million Accounts In April

Rise Of Online Shopping: Paypal Adds 7.4 Million Accounts In April

Elise Reid May 7, 2020 No Comments

As consumers are largely restricted to shopping online, PayPal has witnessed massive growth, adding 20.2 million new active accounts in Q1 2020 and 7.4 million in April alone. For context,…

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Customers Hungry For New Smartwatches: Q1 Shipments Up 20%

Customers Hungry For New Smartwatches: Q1 Shipments Up 20%

Elise Reid May 7, 2020 No Comments

Global smartwatch shipments increased by 20% year-on-year to hit 13.7 million units in Q1 2020. “Despite considerable headwinds from the COVID-19 scare, global demand for smartwatches continues to grow,” said…

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Dicker Data Raising $50M For Expansion

Dicker Data Raising $50M For Expansion

Roma Christian May 7, 2020 No Comments

ASX-listed tech hardware, software and cloud distributor, Dicker Data, has revealed it’s raising $50 million via investment bank JPMorgan to fuel “long-term growth objectives.” The funds will be used to…

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