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Retail Sales Enjoy Biggest January Growth Since 2015

April Glover February 19, 2021 No Comments

Australian consumers spent a staggering $30.5 billion in retail sales during the month of January – the strongest result for the month in six years. Numbers from the Australian Bureau…

Shaver Shop Profit Soars By 86pc To $14.2m, Online Sales Double

April Glover February 19, 2021 No Comments

Australian personal grooming retailer Shaver Shop Group announced its half-year financial results, with profit skyrocketing by 85.5 per cent to $14.2 million. The specialty shop enjoyed a revenue spike of…

LIFX Smart Home Product Recalled

Jake Nelson February 18, 2021 No Comments

A product recall has been issued for an LIFX smart switch, which is sold at JB Hi-Fi, due to fire risk. The black and white models of the LIFX Switch,…

Expensive Wellness Brand Therabody Picked Up By CE Retailers

April Glover February 18, 2021 No Comments

Leading tech wellness brand Therabody, which sells Theragun massage devices from retailers such as JB Hi-Fi, Harvey Norman and Bing Lee, has raised equity from over 100 celebrity investors. Therabody…

Target Finally Gets Traction But Still Behind Kmart

Jake Nelson February 18, 2021 No Comments

Kmart and Target have posted increased revenue and profits in the second half of 2020, with Target sales going up even as stores are shuttered or converted to Kmart outlets.…

Officeworks Sales Up 23%, New Push Into Education Market

David Richards February 18, 2021 No Comments

Australia’s leading office supply and B2b retailer Officeworks has delivered sales growth of 23% as consumers move to working from home and business upgrades employee notebooks. Reporting today owner Wesfarmers…

Catch Reels In Big Bucks For Wesfarmers

Jake Nelson February 18, 2021 No Comments

Wesfarmers-owned online retailer Catch has surged over the six months to December 31, more than doubling its revenue year over year and spurring Wesfarmers to $2 billion in online sales…

JB Hi-Fi Boss Warns TV Stock Shortages Aren’t Going Away

April Glover February 16, 2021 No Comments

JB Hi-Fi boss Richard Murray has warned TVs and other electronics will suffer indefinite stock shortages in Australia as unprecedented demand and pandemic supply delays continue to plague the industry.…

Amazon, Bunnings, Tech Retailers Triumph In Online Traffic

Jake Nelson February 15, 2021 No Comments

Amazon and Bunnings Warehouse have topped the list for online Aussie retail traffic in Q4 of 2020, with Amazon website visits up by 55 million compared to Q4 2019. While…

JB Hi-Fi Sales Up 23.7%, Online Doubles, 82% Div Increase

April Glover February 15, 2021 No Comments

Consumer electronics group JB Hi-Fi is continuing to ride the pandemic wave, with sales jumping by 23.7 per cent to a total of $4.9 billion for the six months ending…