big w – Page 15 – channelnews

Big W Owner Faces $390 Million Backpay Bill

Nathan Jolly June 18, 2021 No Comments

The Fair Work Ombudsman has officially began legal proceedings against Woolworths for underpaying management, an error which could see the Big W owners face backpay bills of over $400m. FWO…

Speculation, Target Up For Sale & Officeworks Moving Into Education Market

David Richards June 3, 2021 No Comments

Wesfarmers has today briefed the market at a fund’s managers event with speculation mounting that the group is looking to sell the troublesome Target retail chain that has been taking…

EXCLUSIVE: Yale Prima Wobbles As Revenues Plunge, Future JVC, Claims Director Despite Recalls

David Richards May 12, 2021 No Comments

Sydney based distributor Yale Prima has reported a $10 million drop in revenue with losses blowing out from $576,490 in 2019 to $1.724 Million in 2020. According to CEO Leonard…

Big W Sales Grow 18.3% Online up 34%

David Richards April 29, 2021 No Comments

BIG W has reported total sales growth of 18.3% for the quarter with no slowdown in the final six weeks with the discount retailer also reporting strong online growth. The…

Pandemic Boom Over, Online Shopping On The Rise, Say Woolworths’ Sales Figures

Rose Daisley April 29, 2021 No Comments

Just like its competitor Coles, Woolworths has noted its supermarket shoppers now returning to normal shopping behaviours and buying patterns after last year’s pandemic panic buying, with further dips in…

Kogan Offering Fractional Shares To Customers

David Richards April 22, 2021 No Comments

Online retailer Kogan has moved to offer fractional shares to shoppers as a loyalty rewards inducement and as a means to get people investing in shares, also jumping on the…

Big W Owner Boosts Stake In Data Company

Jake Nelson April 20, 2021 No Comments

Woolworths Group has moved to take control of data analytics firm Quantium, putting down $223 million to increase its stake to 75 per cent. As reported by the Australian Financial…

TV Brands Generating Hundreds Of Millions From Click Of Ticket Viewing

David Richards March 26, 2021 No Comments

When LG Electronics recently decided to freely give away its WebOS to other TV manufacturers in Australia, there had to be a catch. And there was in the form of…

Big W Soars As Sales Pass $2.5 Billion

Jake Nelson February 24, 2021 No Comments

Big W has surged in the six months to January 2021, with EBIT more than doubling year-on-year. The retailer pulled in $2.58 billion in sales over the half, up 20.1…

Why Is Big W CE Flying & Target Struggling

David Richards February 15, 2021 No Comments

Serious questions are being asked as to why Target is struggling in the consumer electronics and branded small appliance market, when archrival Big W has grown their CE business during…