Sony Facing Major Hurdles, TV, Camera, Audio & PlayStation Businesses Hit
Sony is facing several hurdles with the Japanese Company confirming a major slump in revenues and profits, as they struggle to manufacture... Read More
Shoppers Return To Malls As Consumer Confidence Makes A Major Recovery
Scentre Group, which owns Westfield shopping centres, reported that customer visitation has picked back up again in recent weeks. Last weekend Westfield’s... Read More
Slack Performance: Out For Two Hours
The communication tool Slack, which is popular for office environments, was offline for two hours today. Users first noted general performance issues,... Read More
NAB: ‘Business Confidence Remains Weak But Is Rebounding’
The April NAB Business Survey noted a small rebound in business confidence late in the month, following the record lows of March.... Read More
New Laws Put Pressure on Big Businesses To Pay Small Suppliers
New laws in parliament today will place pressure on big businesses to pay smaller suppliers on time, seeking to prompt a lift... Read More
Breville Mulls Equity Raise After Guidance Withdrawal
ASX-listed kitchen appliance manufacturer, Breville Group, is tipped to announce an equity raising of around $100 million – its first since listing... Read More
Volunteer Redundancy Deal Off
Meanwhile, in New York, IBM has issued an ultimatum that there’ll be no more voluntary redundancies, after getting a poor response from... Read More
Aussie Ag-Tech Start-Up Scores $11 Million Funding Deal
SYDNEY: Australian agricultural technology company, The Yield Technology Solutions, has secured an $11 million funding round led by Yamaha’s investment arm Yamaha... Read More
Former Apple Oz Exec Launches Start-Up With Focus On HomeKit
SYDNEY: Justin Stuckey, former business development manager for iPod and iPad with Apple Australia, has formed a company, Domotic, claimed to be... Read More
Apple Flag Office Staff Return, Google No Rush
Apple staff have reportedly been advised to prepare a return to major global offices as soon as late this month, contrasting other tech... Read More
Logitech Sales Surge, Shares Climb 6.6% As They Struggle To Keep Up With Demand
The last few weeks have been chaotic for Swiss American Company Logitech as consumers swarmed online sites and retail stores looking for... Read More
Solomon Lew: ‘Some Retailers Will Not Recover’
Premier Investments – which includes The Just Group, Portmans, Peter Alexander, Smiggle, Dotti and Jay Jays – has announced the start of... Read More
Treasurer Flags “Sobering” GDP Drop, Largest On Record
Treasurer Josh Frydenberg says Australia has avoided the fate of other nations in navigating COVID19, however, warns local GDP will fall by... Read More
Kogan CEO & CFO Set To Receive $50m Options
Executive directors of local e-commerce behemoth, Kogan.com, Ruslan Kogan and David Schafer are set to receive $50 million in bonus options if... Read More
Alan Jones Quits Radio Over Health Concerns
Tap-rating 2GB talkback breakfast show host Alan Jones has shocked listeners and announced he’s leaving radio at the end of May, following... Read More
Money Laundering Authority To Probe Distributor Payments Via Pay Pal
PayPal the service used by thousands of distributors selling products on eBay is facing action under the Anti-Money Laundering and Counter-Terrorism Financing... Read More
After Pocketing $12M Harvey Norman Set To Reopen NZ stores
They pocketed NZ$12.7 from the New Zealand Government because of COVID-19 restrictions, now Harvey Norman is set to re-open their 30 stores... Read More
Western Digital’s My Passport Wireless Pro & SSD Hard Drives Recalled
Western Digital’s My Passport Wireless Pro and SSD Hard Drives with the switching mode power supply APP524-051240U have been recalled. The affected... Read More
Media Companies Struggle, Despite Record Viewers
The COVID-19 pandemic has simultaneously driven Australia’s consumption of media and led to advertisers slashing marketing budgets. New figures from The Trade... Read More
PR Company To Big Tech Companies Slashes Workforce
Leading US PR Company Edelman, who handles public relations for Samsung, Hewlett Packard, Amazon Pay Pal and brands such as Ring Camera’s... Read More
‘Retailers Will Need To Offer A Superior Experience Post-COVID-19’
Shaun Bonett, the CEO of Precision Group, which has a portfolio of retail and hospitality properties has said that retailers will need... Read More
Notebook Demand Remains Resilient, But Supply An Issue
According to the latest figures from Strategy Analytics, global demand for new notebooks remained resilient during the challenging first quarter of the... Read More
#LGLocalLegends To Reward Aussies Making A Difference
LG Electronics Australia has launched its #LGLocalLegends initiative to recognise and reward everyday Australians that are making a positive difference in their... Read More
Harris Scarf: “Federal Government Allowing “Legalised Theft” Claims Suppliers Allegro Funds In Crosshairs
Suppliers to Harris Scarfe who lost millions in what some are claiming was a legalised theft” of money are calling for an... Read More
Authorities Launch Policy For Consumer Data Rights
The ACCC and the Australian Information Commissioner (OAIC) have released the new Compliance and Enforcement Policy for the Consumer Data Right, which... Read More
Australian Market A Bright Spot For Electrolux
Although Electrolux’s net sales contracted by 5.1% in Q1, as a result of the COVID-19 pandemic, Australia was one of the few... Read More
Wesfarmers To Double Down On Online Channels
In his address to the Macquarie 2020 Conference, Wesfarmers CEO Rob Scott revealed that the group plans to make even great investments... Read More
Costco Starts To Feel The Pinch As Sales Fall In April
In April Costco Wholesale recorded the first fall in monthly sales in over a decade, with the company stating they were negatively... Read More
Nintendo Switch & Animal Crossing Sales Surge During Lockdown
Despite facing some supply chain issues, Nintendo has broken records with its newest Animal Crossing title and Nintendo Switch sales, as consumers... Read More
CellNet Announces Capital Raising After Westpac Extends Loan
Brisbane based distributor Cellnet who had a short-term loan from Westpac has secured an extension past the end of May with the... Read More
Rise Of Online Shopping: Paypal Adds 7.4 Million Accounts In April
As consumers are largely restricted to shopping online, PayPal has witnessed massive growth, adding 20.2 million new active accounts in Q1 2020... Read More
Customers Hungry For New Smartwatches: Q1 Shipments Up 20%
Global smartwatch shipments increased by 20% year-on-year to hit 13.7 million units in Q1 2020. “Despite considerable headwinds from the COVID-19 scare,... Read More
Dicker Data Raising $50M For Expansion
ASX-listed tech hardware, software and cloud distributor, Dicker Data, has revealed it’s raising $50 million via investment bank JPMorgan to fuel “long-term... Read More
Samsung Boss Promises To Be Good No Deal For His Kids
Samsung supremo Samsung supremo Jay Y. Lee, the billionaire scion of Samsung Group has promised to be good, after a dodgy past... Read More
What Happened To Harvey Norman’s Paul English? The Nine Network Know
Paul English the former Executive General Manager of the Harvey Norman owned Domayne has just popped up on one of the most... Read More
Big W Leads Late Night Retail Return
Discount retailer Big W is set to be one of Australia’s first department stores to relax in-store shopping restrictions after resuming late... Read More
Sonos Finally Enter Dolby Atmos Soundbar Market With Expensive New ARC Bar
Struggling sound Company Sonos has jumped into the soundbar market in an effort to prop up sales of their networked sound offering... Read More
Demand For Rental E-Bikes Surges
Demand for electric bike (e-bike) rentals has skyrocketed as people look to keep fit during the COVID-19 lockdown as more people find... Read More
Here To Stay: COVID-19 Kickstarts Telehealth In Oz
With people being asked to stay at home as much as possible, the COVID-19 pandemic has kick-started Australia’s telehealth industry. Now, many... Read More
Wesfarmers Tipped To Snare Amazon Exec for Catch Group
UPDATE: Wesfarmers has confirmed its appointed former Amazon US executive, Peter Sauerborn, as its new Managing Director for Catch Group, who will join... Read More
March COVID-19 Panic-Buying Drives Spike In Retail Sales
According to the latest Australian Bureau of Statistics (ABS) figures, retail turnover rose by 8.5% in March, marking a significant increase of... Read More
Myer Shareholders’ Class Action Dismissed
Iconic Australian department store, Myer, has seen a three-year class action brought to it by over a thousand disgruntled shareholders dismissed, with... Read More
Spotify CEO Expects Apple To Further ‘Open Up’ Platforms
The Chief Executive of music streaming service, Spotify, expects Apple to further open up its hardware and software platforms to third-party developers,... Read More
COVID-19 Retail: JB HI-FI’s Appliances & Tech Sales Skyrocket
While many retailers are struggling during the COVID-19 lockdown, the JB HI-FI group, which includes The Good Guys, has reported strong sales... Read More
Treasurer Grants Virtual AGM Green-Light Amid COVID19
Treasurer Josh Frydenberg has granted Australian companies the ability to hold annual general meetings (AGMs) online for the next six months, as... Read More
Apple Confirms Virtual Worldwide Developers Conference
Apple has confirmed that it will be hosting its annual Worldwide Developers Conference (WWDC20) virtually this year via the Apple Developer app... Read More
ACCC: ‘Mainly Bad, But Some Good From COVID-19’
In his virtual address to the Australian Chamber of Commerce and Industry, ACCC Chair Rod Sims said that while many challenging circumstances... Read More
Oz Retail Industry Preps For Quick Return
The Australian Retailers Association (ARA) says the local industry may return to work as early as next week, however, rental agreements remain... Read More
Consumer Confidence Improves Fifth Week In A Row
The ANZ-Roy Morgan Australian Consumer Confidence index picked up for the fifth consecutive week, rising by 5.3% last week, an improvement on... Read More
Aussie E-Sports Operators Face Match-Fixing Charges
MELBOURNE: Five organisers of e-sports in Australia have been charged with match-fixing offences which, if proved, carry penalties of up to 10... Read More