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Clarke Quits Active Audio For Growth Business Role At Interdyn

David Richards May 11, 2018 No Comments

Weeks after denying he was on the move Audio Active General Manager Paul Clarke has walked to take on a senior role at Interdyn. Three weeks ago, ChannelNews sent Clarke…

Why Are Australian Retailers Embracing European Over Japanese Made Appliances?

David Richards May 8, 2018 No Comments

There is something to be said for ‘Japanese Made’ when it comes to appliances. I recently spent two weeks in Japan staying in a house that was full of Japanese…

JB Hi-Fi Recovers On ASX

Computer Daily News May 4, 2018 No Comments

JB Hi Fi shares, which tumbled nine percent on Wednesday, reflecting problems with assimilation of the Good Guys home appliance chain, recovered on the ASX yesterday, finishing the day at…

Scentre CEO Not Concerned By Myer Collapse

Roma Christian May 1, 2018 No Comments

Scentre Group CEO, Peter Allen, has revealed he’s not concerned by the potential collapse of department store giant, Myer, affirming the shopping centre group has other “alternatives” for the space. Allen’s…

Officeworks Managing Director Leaving After 11 Years

Athina Mallis April 30, 2018 No Comments

Officeworks managing director Mark Ward is stepping down from his position and stepping into retirement after 11 years in his role. In a statement released this morning, Ward says the…

Oz Retailers Brace For Major Product Packaging Reform

Roma Christian April 30, 2018 No Comments

Forthcoming changes to local product packaging legislation are set to significantly impact both physical and online retailers, after Environment Ministers endorsed a proposal to make packaging 100% reusable, recyclable or compostable by 2025. In…

Steinhoff Ex-Chairman Sues For $6 Billion

Roma Christian April 27, 2018 No Comments

Former Chairman of South-African furniture and homewares giant, Steinhoff, is suing the retail conglomerate US$4.8 billion (~A$6.35 billion), in a bid to recover investments made between 2015 – 2016. Major…

Wesfarmers Sales Up, Officeworks & Kmart Soar, Target Wobbles

Roma Christian April 27, 2018 No Comments

Wesfarmers has posted a moderate 2.7% Q3 sales increase to $14.85 billion, as performance from Bunnings ANZ, Kmart and Officeworks continues to offset struggling sales from Target and Bunnings UK. Budget department store,…

Godfreys Breach Lending Covenant, During Takeover Talks

David Richards April 24, 2018 No Comments

As consumers flock to The Good Guys, JB Hi Fi and Betta Electrical to buy their cleaning appliances takeover target Godfrey who pioneered the sale of cleaning products in Australia…

Harvey Norman Pockets $4M Profit From Gazal Sale

Roma Christian April 19, 2018 No Comments

Disclosed in an ASX announcement today, Harvey Norman has sold its 7.2% stake in fashion and apparel business, Gazal, for $10.4 million – a deal which has pocketed ~$4 million…