EXCLUSIVE:Aqipa Roll Out SAP System That Delivers Trading Marketplaces For Brands & Retailers
COVID-19 has delivered a “huge opportunity” for Melbourne based distributor AQIPA, after their parent Company rolled out a multimillion dollar global SAP... Read More
Lenovo’s Online Sales Up 53% During COVID
Lenovo’s revenue rose by 7% year-on-year (y-o-y) in the second quarter of the year to reach US$13.3 billion, despite the challenging global... Read More
Fortnite Developer Sues Apple
Epic Games has filed a new civil lawsuit against Apple in the US, after the game developer’s popular game ‘Fortnite’ was pulled... Read More
Covid Impact To Hit Xero, Despite Stock Trading High
SYDNEY: Shares in cloud accounting software maker Xero rose yesterday, after the trans-Tasman company laid the figures bare at its annual meeting,... Read More
Australia Has 500M Surgical Masks Stashed Away, Inquiry Told
SYDNEY: If you have been worried about whether you will continue to be able to acquire surgical masks in the future, given... Read More
EXCLUSIVE: Winnings Profits Fall, As Banks Cut Back Working Capital
Appliance retailer Winnings is under pressure with profits falling despite a rise in revenues their bankers have also cut back on access... Read More
NAB: ‘9.5% Drop In Consumer Confidence An Overreaction’
The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 9.5% in August, as Victoria enters Stage 4 restrictions and COVID hotspots pop... Read More
Employment Rate Continues To Improve With More Part-Time Work
Employment in Australia increased by 114,700 people between June and July, though this was more part-time employment (71,200 people) than full-time employment... Read More
Breville Revenue Up 25%, ANZ Climbs 18%
ASX-listed home appliance maker, Breville, has reported a 25.3% jump in full-year revenue, despite the tumultuous landscape of COVID19 and overseas political... Read More
Telstra Profit Down 14%, COVID Cost To Double FY21
Telstra has reported a 14.4% slump in full year profit to $1.84 billion, with EBITDA hit $200 million from the coronavirus pandemic.... Read More
Sonos APAC Q3 Sales Slump 45.6%, Losses Climb To $79M
Don’t hold your breath hoping that Apple will buy Sonos and don’t hold your breath that the US sound Company will finally... Read More
Harvey Norman Gets Into Building Luxury Apartments
As retail sales in Australia wobble Harvey Norman, is looking to team up with property developers to deliver more luxury apartments as... Read More
Big W Kicks Off Father’s Day Sale, With JBL Speakers & Samsung Tablets
Tomorrow Big W is kicking off its Father’s Day Sale, which features a range of ‘Dad-gadgets’, including smartwatches, Bluetooth speakers, tablets and... Read More
TikTok Slammed For 18-Month Android Policy Violation
Short form video sharing app, TikTok, has become further embroiled in scandal, following latest reports it collected device identifiers and violated Android... Read More
Google, Qualcomm Join $230 Million HMD Global Investment In 5G Push
The maker of Nokia smartphones, HMD Global, has closed a US$230 million funding round from investors such as Google, Qualcomm, and Nokia’s... Read More
Seek’s Earnings Down 9% In ‘Weak Ad Environment’
Seek Group’s full year earnings fell by 9% in FY20 to $414.9 million as the company was impacted by the COVID-19 crisis... Read More
WeChat Ban Forecast To Hit Global iPhone Sales 25%
Renowned Apple analyst, Ming-Chi Kuo warns global iPhone sales could be hit by as much as 25% – 30% should multi-purpose communications... Read More
NAB: ‘Business Confidence Back In Negative Territory’
NAB’s Business Confidence Index contracted by 14 points in July, falling back into negative territory at -14. Looking ahead, NAB expects business... Read More
Jobs Fall In Vic, But Hold Steady In Other States
According to the latest figures released by the Australian Bureau of Statistics (ABS), the number of payroll jobs nationwide remained steady through... Read More
NBN Revenue Up 36% Despite $3.78B Deficit
The NBN Co has surpassed its corporate plan target by over 230,000 premises, while notching a 36% year-on-year revenue lift and $3.78... Read More
Apple Nears $2 Trillion Dollar Value, Analysts Bullish
iPhone manufacturer Apple is nearing a historic US$2 trillion valuation, after shares spikes and extended a recent advance – almost double their... Read More
Apple Sues Prepear App Over Similar Logo
Apple has reportedly taken legal action against Prepear, an app that provides recipes and meal plans, and allows users to make lists... Read More
Authorities Ask Apple To Update iOS To Accommodate Face Masks
The Chairman of the Metropolitan Transportation Authority of New York has written to Apple CEO Tim Cook requesting that the company devise... Read More
Q3 Notebook Shipments Forecast To Sustain Growth
Global notebook shipments are forecast to sustain sequential growth in Q3Y20, despite a surge in work-from-home demand triggering a ten-year quarterly high... Read More
Jobseekers Flock To Freelancer
SYDNEY: Young Australians – the hardest hit sector for mass layoffs due to the coronavirus pandemic – have been flocking to Freelancer.com, according... Read More
Deputy CMO Urges Aussies To Download Contact-tracing App
CANBERRA: Once again Australians are being urged to download and activate the CovidSafe app on their phones, with the Deputy Chief Medical... Read More
CE & Audio Retailers Reap Benefits Of JobKeeper As Sales Surge
Retailers, many who have stayed open during the COVID-19 downturn are set to report record profits after receiving millions of dollars in... Read More
oOh!media Slash Rates As Outdoor Advertisers Dry Up
oOh!media is the worst performer in terms of percentage on the ASX 200 index today, contracting by 4.9%, as advertisers move their... Read More
Most Households Using COVID Stimulus To Pay Bills
According to the latest ‘Household Impacts of COVID-19 Survey’ from the Australian Bureau of Statistics (ABS), most Australian households are using their... Read More
Scentre Appoints Former Kmart CEO To Board
Scentre Group, which owns Westfield shopping malls, has appointed Guy Russo – a former Senior Executive of Wesfarmers Group – to its... Read More
Kogan.com’s Profits Up 160%
Kogan.com has provided a business update for July 2020, revealing that the e-commerce retailer’s gross profit increased by more than 160% year-on-year... Read More
School Prints 3D Ear-Savers
BENDIGO: A Bendigo secondary school is using 3D printing technology to make more than 300 “ear savers” masks for frontline healthcare workers.... Read More
Costco Hurt By Melbourne’s 5km COVID Restrictions
Costco is feeling the pinch of Stage 4 COVID-19 restrictions in Melbourne, as the vast majority of customers live more than 5km... Read More
Will Amazon Convert Dead Malls Into Fulfilment Centres?
According to The Wall Street Journal, Amazon has been in talks with the US commercial property owner Simon Property Group about converting... Read More
US WeChat Ban Set To Hit Retail Suppliers
Australian retailers, distributors and big brand suppliers could be impacted by the US President’s decision to ban the popular WeChat app that... Read More
Trump Signs Executive Orders Banning WeChat, TikTok
US President Donald Trump has signed two executive orders that prohibit US residents from doing business with ByteDance, which owns the video-sharing... Read More
IDC: ‘Automation Could Save Oz Businesses During COVID-19’
According to the latest IDC Asia Pacific IT Services Survey, half of businesses in Australia and New Zealand say there will be... Read More
Vic Premier Flips On Business Lockdowns
The Premier of Victoria Daniel Andrews has backed down on certain COVID-19 lockdown restrictions for businesses before they were even enforced, after... Read More
World’s Richest Retailer Sells $3B In Stock
Amazon CEO Jeff Bezos has sold 1 million shares in the e-commerce giant, worth approximately US$3.1 billion. While this is a hefty... Read More
Nintendo Smash Forecasts With 428% Surge In Profits
Nintendo has annihilated analyst earnings with profits surging over 428% as retailers such as JB Hi Fi and EB Games benefit from... Read More
Market Analysts Say Tablet Boom Is Here To Stay
Market research firms Strategy Analytics and Canalys both expect the boom in the global tablet market to stay, as tablets offer a... Read More
Harvey Norman Shares Up 7% On Sector Confidence
Shares in Harvey Norman have rallied over 7% just after midday, with investor confidence seemingly bolstered by a positive H1Y21 outlook from... Read More
Fitbit Online Sales Up 102%
As Fitbit navigates the COVID-19 crisis and global downturn, the company has announced that it will continue to ramp up efforts to... Read More
Acer Hits Record High Margin Of 3.2% In Q2
Acer’s operating income hit NT$2.13 billion (A$100 million) in the second quarter of the year, marking a record high margin of 3.2%.... Read More
June Online Retail Sales Up 49.6% Year-on-Year
The Australian e-commerce sector remained robust in June, despite prior record-breaking months from home-bound online shoppers during the coronavirus pandemic. According to... Read More
Former LG Marketing Chief Launches SME Answers Website
The former Chief Marketing Officer of LG Australia, Angus Jones, has launched a holistic online library to assist small to medium enterprises... Read More
Mobile Data Shows Sydney’s Activity Is Falling Again
According to analysis of movement data by UberMedia and Roy Morgan, the rising number of COVID-19 cases has resulted in a new... Read More
$2.93 Fitbit Google Deal Facing New Delays after EU Announces Probe
The proposed US $2.93bn Google Fitbit deal is facing new problems with both the US Federal Government and now the European Union... Read More
Retail Sales Down 3.4% In Q2, But Continue To Recover In June
Over the second quarter of the year Australia’s retail volumes fell by 3.4%, but they are showing signs of recovery, with overall... Read More
Retailers Bank On Online Shopping To Survive Melbourne Lockdown
Large and small retailers alike are banking on online shopping to help weather the financial impact of Victoria’s stage four lockdown, as... Read More