Target Closing 20% Of Stores, Other Retailers Tipped To Follow
Wesfarmers-owned, Target, has announced it’s culling 20% of its selling space in the next five years – news which could pre-empt a... Read More
Amazon Aus To Hit 50,000 Sellers By Year End
Latest research from M3 Property Strategists forecasts 50,000 sellers to list on Amazon Australia by the end of the year – a... Read More
BlackBerry Unveils New ‘KEY2’ For US$649
Licensing partner, TCL Communications, has unveiled its “most advanced” BlackBerry yet – the new KEY2 (US$649). Aussies can expect to receive the... Read More
Connected Media Snares Origin Acoustics ANZ Distribution
Architectural audio manufacturer, Origin Acoustics, has ceased its relationship with Synergy Custom, appointing Connected Media as its new Australian and New Zealand... Read More
Gerry Harvey Scoops Up $3.7 Million Macquarie Notes
Gerry Harvey has reportedly scooped up $3.7 million of Macquarie notes, following the bank’s $1 billion hybrid raising this morning – a... Read More
Wesfarmers To Open Data Analytics Centre For Retail Growth
Disclosed at its annual investors presentation, Wesfarmers has announced it’s ramping up digital capabilities, with several new data projects set to increase... Read More
Godfreys Warns Cash Flow Problems Amid Review
Struggling vacuum cleaner retailer, Godfreys, has warned “cash flow challenges” are likely, following a preliminary financial review by new management. New Chief... Read More
NBN To Create 80,000 New Businesses By 2021
The NBN Co asserts Australia is “in the grip” of a “nation-wide digital transformation”, with the “nbn effect” tipped to create up to... Read More
HTC Revenues Plummet 46% YOY
Taiwanese-based HTC has continued its losing streak, posting a whopping 46% drop in May revenues to NT$2.45 billion (~€70m) versus the same period... Read More
Oz Economic Growth Beats Q1 Forecast
The Australian economy has recorded better-than-expected Q1 growth, following a surge in exports, lift in company profits and increased infrastructure spending. Local... Read More