Industry – Page 211 – channelnews

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Is Myer Next For Administration Management?

David Richards April 29, 2020 No Comments

24 hours after Wesfarmers admitted that Target was in trouble with insiders telling Channel News that their future looks “grim”, concerns are now being raised about the future of Myer…

Apple Poised To Open ‘Many’ Retail Stores In May

Elise Reid April 28, 2020 No Comments

The Vice-President of Apple Deidre O’Brien has told employees in a weekly staff video update that the company plans on opening “many more” of its retail stores in May, according…

Kogan Flaunt “Quick Smart” Delivery In First TV Campaign

Roma Christian April 28, 2020 No Comments

Australian e-commerce behemoth, Kogan.com, has flaunt shipping capabilities within its first TV campaign, as retailers like Kmart apologise for delivery delays due to an influx of online orders. Kogan’s TV…

Online Behaviour Shifts Amid ‘Lockdown Life’

Roma Christian April 28, 2020 No Comments

Coronavirus has reportedly shift online behaviour just as much as discretionary spending trends and in-store habits, with a jump in news traffic influencing advertising decisions. Just a social-distancing has enforced…

Big Tech Firms In The Cross Fire Of US-China COVID-19 Clash

Elise Reid April 28, 2020 No Comments

With the Trump administration blaming China for the COVID-19 pandemic, and Beijing throwing criticisms back at the US, multinational tech firms have had to adjust their operations. China is manufacturing…

Bunnings, Officeworks Boom ‘Uncertain’, Kmart & Target Slow

Roma Christian April 28, 2020 No Comments

Wesfarmers has informed investors it’s “uncertain” whether higher levels of sales growth at Bunnings and Officeworks will continue for the remainder of the financial year given changing shopping patterns and…

Will Oz Consumer Confidence Continue To Recover? Up 1% Last Week

Elise Reid April 28, 2020 No Comments

Australian consumer confidence has improved for the fourth week in a row, but rose by just 1% last week, according to the ANZ-Roy Morgan Consumer Confidence index. “Confidence is showing…

BREAKING NEWS: Future For Target Looks Grim Wesfarmers Openly Discussing Problems

David Richards April 28, 2020 No Comments

Wesfarmers has finally moved to openly discuss the future of Target after we exclusively revealed that the struggling business is close to being shut down or even sold. Earlier today…

Apple Delay Flagship iPhone Production

Roma Christian April 28, 2020 No Comments

iPhone manufacturer, Apple, is reportedly delaying the mass production of its 2020 flagship smartphones by around a month, following economic and supply chain impairments from the COVID-19 pandemic. According to…

“Ripped Off” Insolvent Harris Scarfe Allegro Funds Deal, Looks Like Another Dick Smith Anchorage Capital Saga

David Richards April 28, 2020 No Comments

Allegro Funds executives are today ducking for cover after it was revealed that Harris Scarfe became insolvent the moment the Company took control from scandal plagued South African retail conglomerate…