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Several Circle Officeworks Including Anchorage Capital

David Richards March 1, 2017 No Comments

Several potential buyers are circling the $1.5 billion Officeworks business, among them is believed to be Anchorage Capital who pocketed millions acquiring Dick Smith, also running a ruler over the…

New High Profile Boss For Big W, Sale Tipped

David Richards March 1, 2017 No Comments

Big W, who have been expanding their consumer electronics and small appliance ranges is tipped to appoint Colette Garnsey who is currently a Premier Investments executive director as their next…

BREAKING NEWS: Harvey Norman Profits Up 38% NSW Key Contributor

David Richards February 28, 2017 No Comments

Harvey Norman has announced a net profit of $257.29 million, up $71.79 million, from $185.51 million in the previous corresponding period a key contributor has been sales in NSW. The…

Penalty Rate Cuts Offer Big Break To CE And Appliance Retailers

Jon Bragg February 23, 2017 No Comments

The Fair Work Commission has announced penalty rates for casual, part-time and full-time retail employees will be reduced. ‘Double time’ pay will no longer apply to any retail employees on…

Oz CE Channel To Benefit As Big W Turnaround Becomes “Work In Progress”

Fergus Halliday February 22, 2017 No Comments

The departure of former Big W CEO Sally McDonald had local consumer electronics vendors facing an uncertain future with the mainstream retailer. During her tenure, McDonald, understood to have brought…

Woolworths Overtakes Coles Sales Growth But Big W Drags Down Profit

Jon Bragg February 22, 2017 No Comments

Woolworths has returned to profit in the first half of the financial year, recovering from significant losses caused by the closure of Masters. Net profit for the Woolworths group rose…

Wesfarmers Report 13.2% Profit Growth, Plan To Sell Off Officeworks As Coles Loses Ground

Fergus Halliday February 15, 2017 No Comments

As previously indicated by outgoing Wesfarmers Managing Director Richard Goyder, Coles has lost ground to rival Woolworths, reporting lower sales growth in its latest earnings report. However, to the surprise…

JB Hi-Fi Online Smash Kogan In Online Sales Growth

Fergus Halliday February 13, 2017 No Comments

JB Hi-Fi’s latest half-yearly earnings report has seen the consumer electronics retailer record an impressive 40.4% growth on the previous year. The digital division of the company brought in $84.8…

Staff Cut, Stores Closed As Allphones-Admins Look For Buyer

Fergus Halliday February 8, 2017 No Comments

Details have begun to emerge about the radical cuts facing Allphones’ staff and retail presence in the wake of the company going into administration with PPB Advisory on Monday. At the…

Only 3 Employees Needed For Amazon’s Checkout-Free Supermarkets

Jon Bragg February 7, 2017 No Comments

Amazon’s supermarket concept that automates the buying process could require as few as three employees. The New York Post reported that Amazon Go stores could be staffed by three to ten employees…