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What’s Next For JB Hi Fi?

David Richards August 17, 2020 No Comments

JB Hi Fi is on a roll but the big question is how long it will last as their shares climb to $47.41 ahead of today’s financial results for the…

Big W Kicks Off Father’s Day Sale, With JBL Speakers & Samsung Tablets

Elise Reid August 12, 2020 No Comments

Tomorrow Big W is kicking off its Father’s Day Sale, which features a range of ‘Dad-gadgets’, including smartwatches, Bluetooth speakers, tablets and smartphones. The sale will run from 13th to…

CE & Audio Retailers Reap Benefits Of JobKeeper As Sales Surge

David Richards August 11, 2020 No Comments

Retailers, many who have stayed open during the COVID-19 downturn are set to report record profits after receiving millions of dollars in federal government wage subsidies. An early indicator of…

Scentre Appoints Former Kmart CEO To Board

Elise Reid August 10, 2020 No Comments

Scentre Group, which owns Westfield shopping malls, has appointed Guy Russo – a former Senior Executive of Wesfarmers Group – to its board. Russo is well known for leading the…

Kogan.com’s Profits Up 160%

Elise Reid August 10, 2020 No Comments

Kogan.com has provided a business update for July 2020, revealing that the e-commerce retailer’s gross profit increased by more than 160% year-on-year (y-o-y). In addition, gross sales grew by over…

Costco Hurt By Melbourne’s 5km COVID Restrictions

Elise Reid August 10, 2020 No Comments

Costco is feeling the pinch of Stage 4 COVID-19 restrictions in Melbourne, as the vast majority of customers live more than 5km from its warehouse locations. There are four Costco…

Will Amazon Convert Dead Malls Into Fulfilment Centres?

Elise Reid August 10, 2020 No Comments

According to The Wall Street Journal, Amazon has been in talks with the US commercial property owner Simon Property Group about converting certain malls into fulfilment centres for the e-commerce…

Harvey Norman Shares Up 7% On Sector Confidence

Roma Christian August 6, 2020 No Comments

Shares in Harvey Norman have rallied over 7% just after midday, with investor confidence seemingly bolstered by a positive H1Y21 outlook from rival furniture retailer Nick Scali. Harvey Norman shares…

Retail Sales Down 3.4% In Q2, But Continue To Recover In June

Elise Reid August 4, 2020 No Comments

Over the second quarter of the year Australia’s retail volumes fell by 3.4%, but they are showing signs of recovery, with overall retail turnover increasing by 2.7% in June. “The…

Wesfarmers Shuts All Retail Stores In Melbourne For 6 Weeks

Elise Reid August 4, 2020 No Comments

Wesfarmers has confirmed that it will close its retail stores in Melbourne for six weeks from midnight on 5th August, in line with the Victorian government’s stage 4 COVID-19 lockdowns.…