Industry – Page 261 – channelnews

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Vocus Retail Plunges After Decision To Stop NBN Growth

Camilla Theakstone February 19, 2020 No Comments

Telecommunications company Vocus has reported its revenue dropped 6.9 per cent to $901.9 million, with direct costs down 9 per cent and overheads down by 8 per cent. The results…

Windfall For Wesfarmers After $1.1b Worth Of Coles Shares Sold Off

Camilla Theakstone February 19, 2020 No Comments

Wesfarmers who today sold off $1 billion worth of stock in Coles has been hit with new payment claims relating to their underperforming entity Target. It was only yesterday that…

Is Apple in trouble? 49% of Americans Think Galaxy S20 Will Outperform iPhone

Camilla Theakstone February 19, 2020 No Comments

Samsung’s latest Galaxy S20 and Z Flip have quickly become the topic of discussion because of their innovative features and specifications. The S20 Ultra, for example, comes with an impressive…

Coles Sales Slump After Admitting Wage Theft, Sets Aside $20m For Repay

Camilla Theakstone February 19, 2020 No Comments

Yesterday, Coles admitted to had underpaid staff in its supermarket and liquor divisions and that it has set aside $20 million to pay back employees. Coles said it was reviewing…

Wesfamers Admits To Multi Million Wage Theft

Camilla Theakstone February 19, 2020 No Comments

Wesfarmers has revealed further wage theft that now impacts Target staff after it previously underpaid superannuation belonging to Bunnings workers. In its half-year earnings report, the conglomerate said it would…

Target A Basket Case As Officeworks, KMart & Bunnings Deliver Growth

David Richards February 19, 2020 No Comments

Target is still struggling while Bunnings, Officeworks and Kmart delivering growth for Wesfarmers. Earlier today the big retail group who sold out of Coles for $1.01 Billion reported that revenue…

Realme Launches Global Event To Showcase New IoT & 5G Devices

Camilla Theakstone February 19, 2020 No Comments

Today, realme has announced it will launch a global event, titled ‘Speed of the Future,’ set to showcase its latest IoT product launches and 5G plans in 2020. Realme is…

Winning Group Announces ‘Strong Double Digit Sales’ Despite Hostile Market

Camilla Theakstone February 19, 2020 No Comments

Winning Group has today announced that it has achieved strong double digit sales growth for December and January during a challenging retail environment. The entity’s December sales achieved a record…

Cellnet Struggles Despite Aquisitions, Profits Down 65%

David Richards February 19, 2020 No Comments

Brisbane based distributor Cellnet is still struggling to grow their business despite acquisitions last year in the gaming and power board markets. The Company reported revenues of $57.76M for the…