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Retailers Warned To Take Note Of Walmart Pain

David Richards February 22, 2018 No Comments

Australian retailers are being warned to take note of what is happening at Walmart the worl’s biggest retailer whose shares tanked 10% overnight over concerns that Amazon is hurting the…

Former Dick Smith Boss Nick Aboud Wants A Crack At Running Myer

David Richards February 21, 2018 No Comments

Nick Aboud The former boss of collapsed retailer Dick Smith, whi is now believed to be running a coffee shop in Mosman, NSW, has been approached to have a crack…

Philips Sound Distributor Facing Bankruptcy

David Richards February 20, 2018 No Comments

Gibson Brands the Company that distributes Philips sound products worldwide is facing bankruptcy a move that could hurt Powermove the local distributor if it happens. Parent Company Gibson who appear…

Lew Calls New Myer Executive Chairman “Discredited”

Roma Christian February 19, 2018 No Comments

Following the [forced] departure of Myer CEO Richard Umbers last week, major shareholder Solomon Lew has released a letter describing new Executive Chairman, Gary Hounsell, as “discredited”. The news comes…

Shriro Profit Up 9.8%, $188M Revenue, Appliances Soar

Roma Christian February 16, 2018 No Comments

Sydney based ASX-listed distributor, Shriro, has achieved a 3% increase in consumer product revenue, notching $105 million from the growth of its Omega Altise, Blanco and ‘Everdure by Heston Blumenthal’ brands.…

LASER’s “Old School” Promo Wins Big In Digital World

Roma Christian February 15, 2018 No Comments

One of Australia’s fastest growing CE distributors, LASER, is basking in the success of its recent “old school” marketing campaign, focused on driving foot traffic into retail partners’ stores. Beginning…

Nokia 8 Gets $300 Discount At Various Retailers

Athina Mallis February 15, 2018 No Comments

The Nokia 8 is being sold at a discount at JB Hi-Fi right now priced at $599 down from $899, a $300 discount. Harvey Norman has also reduced the price,…

Man Who Cut Disasterous Dick Smith Store Deal Now Wants Top Job At Myer

David Richards February 15, 2018 No Comments

The man who cut a disastrous deal with Dick Smith is now in the running to take the top job at Myer after the dumping yesterday of Myer Chief Executive…

BREAKING NEWS: Umbers Exits As Myer CEO, Rumours Of Sacking

Roma Christian February 14, 2018 No Comments

Following personal attacks from disgruntled shareholders, and the release of several profit downgrades, Myer CEO Richard Umbers has stepped down – with some reports suggesting it was a forced sacking. Just last…

JB Hi-Fi Delivers “Record” HY18 Results, Sales Soar 41%, Profit Up 21%

Roma Christian February 12, 2018 No Comments

UPDATE – Since releasing its HY earnings result, shares in JB H-Fi have dived 7.6% to $25.95, as the retailer’s full-year forecast falls nearly 3% below some analysts’ expectations. Despite the launch of Amazon…