Industry – Page 5 – channelnews

[newsletter_form]

Australia’s #1 technology news source

[newsletter_form]

[bd_sorted_posts]

Kogan Suffers 87% Profit Collapse Due To Bloated Inventory

Nathan Jolly August 24, 2021 No Comments

Online retailer Kogan.com has seen its profits dive to just $3.53 million, falling by 86.8 per cent, as bloated inventory and increased logistics costs decimate the company’s earnings. As a…

Laser Hires New Category Managers With 37 Years Experience

Jake Nelson August 24, 2021 No Comments

Australian-owned CE company Laser has added two new product category managers as it expands its categories and adds new brands. Kathy Sudnik, a 23-year consumer electronics veteran, joins Laser after…

LG’s First 42-Inch OLED TV Delayed Until 2022

Nathan Jolly August 24, 2021 No Comments

LG’s first ever 42-inch OLED TV has been delayed until 2022. The gaming television was announced earlier this year, and was intended as part of LG’s 2021 TV lineup, but…

Blockbusters And Vaccines Key To Event Cinemas’ Recovery

Nathan Jolly August 23, 2021 No Comments

According to the owners of Event Cinemas and Birch, Carroll and Coyle, blockbuster Hollywood films that are must-see cinema events, such as the Fast and the Furious franchise, and Godzilla…

Massive Pre-Order Demand For Samsung’s Foldable Phones

Nathan Jolly August 23, 2021 No Comments

Samsung’s new smartphone models — Galaxy Z Fold3 and Galaxy Z Flip3 — are already an unqualified hit, with advance orders expected to hit 800,000 today, after less than a…

NAB Rolls Out 2000 Pixel Smartphones For Remote Workers

Jake Nelson August 23, 2021 No Comments

National Australia Bank has handed out more than 2000 Google Pixel phones to employees in order to assist remote work during the pandemic. The smartphones were issued to NAB customer…

Oz Retail Slumps As Delta Drags On

Jake Nelson August 23, 2021 No Comments

Delta lockdowns are hammering Australian retail, with monthly sales figures across the country dropping more than five per cent in July. Data from Mastercard SpendingPulse (below) shows retail sales were…

LG Faces Billion-Dollar Battery Fire Disaster

Nathan Jolly August 23, 2021 No Comments

General Motors is blaming battery supplier LG for a spate of Chevy Bolt vehicles catching on fire and leading to a mass recall. GM have recalled all Chevy Bolt EVs…

Vita Group’s Profits Up After Telstra Exit

Jake Nelson August 20, 2021 No Comments

Telstra Store licensee Vita Group has posted growth in EBITDA and profit despite declining revenues. Vita Group, which was rocked this year by Telstra’s announcement that it would take direct…

COVID Slows Apple, Google Move Out Of China

Nathan Jolly August 20, 2021 No Comments

The continuing COVID-19 crisis, and the recent outbreaks in Vietnam have disrupted plans by Apple, Amazon, Google and their suppliers to shift production away from China. Border closures in Vietnam,…