Ikea Heading Into Sound Business With Audio Range
Swedish furniture maker Ikea is building its own audio line which includes a record player, party lighting and of course speakers. Ikea... Read More
David Jones In Talks To Buy Myer, Shares Soar 8%
UPDATE – Following the news David Jones is considering buying Myer, shares in Myer have soared 8.7% by midday today. Recent reports... Read More
Feb Retail Sales Soar, Double Forecast
Australian retail sales soared 0.6% in February to $24.45 billion [in seasonally adjusted terms] – the highest percentage increase since November last year.... Read More
Shopping Centre Operators Face Major Problems If US Is Anything To Go By
Australian retailers including the likes of Myer who are looking to exit shopping centre leases could soon be able to renegotiate lower... Read More
Shares Crash As Trump Slams Amazon Again, Local Retailers “Love It”
The US Stock market has plunged due to comments by Trump and a decision by Apple to manufacture their own processors. President... Read More
Amazon Oz Hits 10K Sellers, 50K Tipped By End Of Year
Recent reports reveal Amazon Australia has now hit the 10,000 seller mark, following the e-commerce behemoth’s local launch in December 2017. ChannelNews has... Read More
Myer Rules Out Voluntary Administration
Heralded Australia’s largest department store, Myer, has ruled out a voluntary administration, following struggling sales, and its recent $476 million half-year loss... Read More
Harvey Norman’s Dairy Dream Enters Administration
Following an ASX-announcement this morning, Harvey Norman has revealed its jointly-owned dairy farm entered into administration on Friday. The retail conglomerate has... Read More
Myer Posts $476M Record Loss, Biggest In Company History
Following a recent CEO departure and several profit downgrades, Myer has posted a record $476.22 million half-year loss – it’s biggest in over... Read More
CBA Albert EFTPOS Outage Continues To Cost Businesses Sales
Several local businesses have continued to lose sales and customers, following an outage of Commonwealth Bank’s Albert EFTPOS terminals. First acknowledged by... Read More