Massive 70% Profit For JB Hi Fi
JB HiFi Limited this morning reported a 43 per cent increase in sales, exceeding last years result by some 61 per cent, profits jumped 70%.
Retail
Panasonic Scores Big With Lumix Digital Cameras
Panasonic Australia have reported record "value" growth for their Lumix camera range during the past quarter with new GFK data revealing that they are now the #1 "value" vendor in...
Harvey Norman Surges 8.8% On Improved Retail Trading Data
A $20K tax incentive for small business initiated by the Coalition Federal Government coupled with a boom in house sales has paid off for Australian retailers especially for consumer electronics...
Winning Has A New Boss
David Crane is the new CEO of Winning Appliances, announced today.
EXCLUSIVE: South African Company Close To Snaring The Good Guys Say Insiders
South African-based retailer Steinhoff International, which owns furniture chain Freedom Group, bedding chain Snooze and discount furniture retailer Poco is believed to be close to snaring The Good Guys.
Dick Smith To Be Closed Thousands To Lose Jobs, Prosecutions Tipped
As exclusively tipped by ChannelNews Dick Smith receivers Ferrier Hodgson has moved to liquidate the mass retail group as interested parties walked away from the deal.
Harvey Norman To Cut Back On IT & Consumer Electronics
Harvey Norman is set to move away from relying on consumer electronics and IT to drive sales; a move which analysts claim could benefit JB Hi Fi, The Good Guys...
ASIC Moves In On Dick Smith Directors While Other Retailers Eye Off The Carcass
The Australian Securities and Investment Commission who have more powers, now that Dick Smith has been placed into liquidation, is set to move on former senior executives of the mass...
Corporate Express Sold New Office Works Competitor An Option
Corporate Express one of the biggest buyers of PC and office supply gear in Australia has been sold to U.S. office supplies company Staples with speculation now mounting that the...
Online Sales Up 25%, WA Big Spender
Online sales "strong" but electronics remain "weak", according to the NAB Online Sales Index