Shriro Down 5% Market Challenging
Australian consumer electronics distributor Shriro has reported that group revenues declined by 5% in FY19, citing challenging market conditions. However, the group... Read More
ABS: Record Falls In Personal Retailing & Department Stores In April
According to the final Australian Bureau of Statistics (ABS) Retail Trade figures for April, the sector’s turnover fell by 17.7%. This is... Read More
ACCC Prohibits Minimum Advertised Prices On Dewalt Power Tools
The ACCC has rejected Stanley Black & Decker’s proposal to set a minimum advertised price for Dewalt power tools, accessories and attachments,... Read More
Cricut Ink Synnex Deal For Oz Retail Growth
Smart craft cutting machine manufacturer, Cricut, has appointed Synnex as its new Australian distributor to further grow its local mass-market retail footprint.... Read More
Oz GPD Contraction Fuels Recession Talk
Latest ABS numbers reveal the Australian economy decreased by 0.3% for the first three months of 2020, alongside the slowest through-the-year growth... Read More
Macquarie Analysts Tip JB HI-FI To Outperform
Macquarie analysts expect JB HI-FI to outperform previous forecasts, raising their price target to $41 per share. As of 11am today JB... Read More
Consumer Confidence Improves Ninth Week In A Row, Up 6%
The latest ANZ-Roy Morgan Australian Consumer Confidence index has improved for the ninth week in a row, increasing by 6% last week... Read More
Majority Stakeholder In David Jones Calls It A ‘Poor Acquisition’
The investment management company Allan Gray, which recently bought a 20% stake in David Jones’ parent company Woolworths Holdings, has called the... Read More
Customers Queue For Hours To Get Into Ikea
Yesterday, thousands of shoppers have reportedly queued for hours to get into newly reopened Ikea stores across England and North Ireland, leading... Read More
Wesfarmers Tipped To Lament $3.6B Target Hole
Wesfarmers-owned department store, Target Australia, is tipped to have accrued total write-downs, impairments and goodwill relocation of $3.65 billion since 2012 according... Read More