Industry – Page 450 – channelnews

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Telstra Facing Major Industrial Unrest

David Richards March 11, 2019 No Comments

Telstra whose share price is dithering is facing major industrial unrest with more than 5,000 staff set to walk off the job tomorrow, after management who recently sacked 8,000 people…

Retailer Sued By Top Appliance Brand, Over House Brand Copy

David Richards March 10, 2019 No Comments

Stanley Black & Decker has sued US retailer Sears who last month was fending off bancruptcy claiming they have launched a house brand product that they claim is in direct…

EXCLUSIVE: Costco To Launch Major E-Commerce Operation In Australia

David Richards March 10, 2019 No Comments

Costco is set to unleash a major e commerce operation in Australia and one big advantage is they have buying power according to sources. The $100 Billion-dollar Company is set…

Geoff Matthews Buried, But ‘Something Happened On The Way To Heaven’

David Richards March 8, 2019 No Comments

Geoff Matthews the former CEO of Convoy was buried today at a funeral attended by retailers, competitors and more than 100 former staff and family. A passionate music lover Matthews…

JB Hi-Fi Extend Galaxy S10+ Pre-Orders Over “High Demand”

Roma Christian March 8, 2019 No Comments

JB Hi-Fi has extended pre-orders of Samsung’s new Galaxy S10+ smartphone to March 15, citing “high demand.” Indicating top sellers, the extension applies to selected S10+ models, with delivery pushed…

HTC Revenues Down 76% Year-On-Year

Roma Christian March 8, 2019 No Comments

Embattled Taiwanese smartphone maker, HTC, has continued to report a drop in earnings, with February unaudited consolidated revenues slumping 76% year-on-year to NT$625 million. It’s said to be amongst HTC’s…

Oz Retailers Brace For Kaufland $459M Investment

Roma Christian March 8, 2019 No Comments

Australian retailers are bracing for the entry of German supermarket giant, Kaufland, following reports it’s set to unleash an initial $459 million investment. Competing with ALDI and Kmart, Kaufland is…

Huawei Sues USA Over Illegal Power Abuse

Roma Christian March 7, 2019 No Comments

Chinese telco giant, Huawei, is suing the US government for banning its equipment in federal networks, asserting it’s an abuse of power and against the country’s constitution. The news comes…

January Retail Sales Disappoint

Roma Christian March 7, 2019 No Comments

Australian retail sales have again missed forecasts, with ABS numbers reflecting a modest 0.1% lift [seasonally adjusted] in January, versus 0.3% expected – sending the AUD down to 70.27 US…

Facebook Hits Back At “Unprecedented” ACCC Report

Orlaith Costello March 6, 2019 No Comments

Facebook has slammed the ACCC’s preliminary report, calling the regulator’s proposals for digital platforms “unprecedented” and warning they will not address digital advertising concerns. This is Facebook’s latest response to…