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Gerry Harvey Slams “Overreacting” Investors, Focused On “Fighting” Amazon

Roma Christian March 1, 2018 No Comments

Gerry Harvey is adamant investors are “overreacting” to Harvey Norman’s HY18 earnings results, stating the retail group’s franchisee profit slump was impacted by investments in IT & e-commerce, so it can be “fighting fit”…

Harvey Goes After Steinhoff Stores, Move Away From CE Tipped

David Richards February 28, 2018 No Comments

Harvey Norman boss Gerry Harvey who already has a major slice of the bedding and furniture market now wants to have a crack at owning Freedom, Fantastic, POCO, Snooze, Panda…

Harvey Norman Shares Smashed, Gerry Savages Market Response

Roma Christian February 28, 2018 No Comments

Harvey Norman Chief Executive, Gerry Harvey, has slammed investors’ response to the retailer’s half-year earnings results, affirming they “got it wrong”. For HY18, Harvey Norman posted a 19.8% drop in profit, sending…

Harvey Norman Tops NSW Complaints Register For January

Athina Mallis February 28, 2018 No Comments

The January 2018 NSW complaints register has been released with a number of tech companies getting the most complaints with Harvey Norman topping the list at 39 complaints. Six out…

Netgear Under Fire From ACCC Over Misleading Warranties

Roma Christian February 27, 2018 No Comments

The ACCC has found networking equipment manufacturer, Netgear, mislead consumers about their warranty rights under the Australian Consumer Law – notably its range of “modems, routers, WiFi adapters and switches”. From…

Retailers Move To Take On Amazon’s 500,000 SKU’s With New Marketplace Operations

David Richards February 26, 2018 No Comments

Australian retailers are moving to building out their own online marketplaces that will allow suppliers to range goods similar to what Amazon is currently doing, one major CE retailer is…

Apple Melbourne Store Gets OK

Computer Daily News February 23, 2018 No Comments

Apple’s controversial plan to build a new Apple Store in Melbourne’s Federation Square appears to have got the green light to go ahead, after a Greens motion in the Victorian…

David Jones Say “No” To Taking Over Myer

David Richards February 23, 2018 No Comments

As Premier Investments ramp up their attack on Myer, David Jones executives, who have their own problems have come out and said that they are “not interested” in taking over…

Foxtel Now Box To Be Sold At JB Hi-Fi

Athina Mallis February 22, 2018 No Comments

Foxtel who are under pressure appear to have had a change of heart with the decision to now sell a $99 streaming box at JB Hi-Fi. Late last year, when…

COMMENT: Kogan Is On A Roll, So What’s Next?

David Richards February 22, 2018 No Comments

Kogan is proving to be one of Australia’s real online success stories despite my dire predictions 18 months ago. Kogan.com’s underlying net profit more than doubled to $8.3 million in…