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‘Android Enjoyed’ Tops NSW Complaints Register For Third Time

Roma Christian May 29, 2018 No Comments

Online tech retailer, Android Enjoyed, topped the NSW Fair Trading Complaints Register for the third consecutive month, receiving 78 complaints during April. It follows 50 reported complaints in March. Back in September…

EXCLUSIVE: Is Officeworks, K Mart & Target Up For Sale, New York Bankers Think So

David Richards May 28, 2018 No Comments

Is Wesfarmers still thinking about selling Officeworks, K Mart and Target? according to New York based investors Wesfarmers still has a private up for sale sticker on the business. The…

Godfreys Board Resigns, Arcade Director Takes Over

Roma Christian May 23, 2018 No Comments

Disclosed in an ASX-statement, Godfreys board have announced their mass resignation, following the successful takeover of 99-year old Co-Founder John Johnston. The offer was made via his bidding vehicle Arcade Finance. Godfreys Chairman…

David Jones Flicks CEO Just When CE & Appliance Sales Boom

David Richards May 23, 2018 No Comments

Just when David Jones was getting its act together in the consumer electronics and appliance markets, John Dixon, the former Marks & Spencer executive charged with turning around the department…

Shriro Shares Slump, Appliance Sales Impacted By Margin Pressure

David Richards May 22, 2018 No Comments

Shares in Sydney based appliance distributor Shriro have slumped 11.4% after the Company announced a projected 15% slump in revenues. The Company that has relied on Co-Op marketing and retailers…

Adobe Targets E-Commerce With $1.68 Billion Magento Buy

Roma Christian May 22, 2018 No Comments

Taking on Salesforce and Oracle, Adobe has announced it’s purchasing e-commerce services provider, Magento, for a whopping US$1.68 billion cash – its largest deal in nearly a decade. Californian-based Magento…

Toys ‘R’ Us Oz Enters Administration After Sale Falls Through

Roma Christian May 22, 2018 No Comments

Following the collapse of its UK and US counterpart, Toys ‘R’ Us Australia has entered voluntary administration – debunking previous reports which claimed it would be ‘business as usual‘, despite…

Audio Active Recruits Former JB Hi-Fi General Manager

Roma Christian May 22, 2018 No Comments

Melbourne-based distributor, Audio Active, has welcomed former JB Hi-Fi New Zealand General Manager, Bruce Thierbach, to its team, effective May 28th. Mr Thierbach takes the helm as Audio Active’s new General Manager of Sales…

Q1 Wage Growth Slumps Below Forecasts

Roma Christian May 16, 2018 No Comments

Latest numbers from the ABS reveals Australian wages jumped 0.5% [seasonally adjusted] in Q1, notching a 2.1% year-on-year increase. Despite a rise in job openings, wage growth continues to remain relatively flat across…

Myer Q3 Sales Down 3%, New CEO To Start June 4th

Roma Christian May 16, 2018 No Comments

UPDATE – Shares in Myer have soared 15%, as investors respond positively to the better-than-expected quarterly update. Myer has post a 3.1% drop in Q3 sales, with the department store giant beating…