Walmart Sued For Misleading E-Commerce Results In Fight Against Amazon
A former Walmart executive has sued the retailer for misleading e-commerce results, alleging information was falsely skewed to portray its “meteoric growth” against... Read More
ACCC To Crack Down On Unsafe E-Commerce Products
Australia’s consumer watchdog, the ACCC, has announced it’s targeting the safety of products sold on the internet, as part its 2018 product safety review. Spurned... Read More
Amber: Lifestyle Up, Pro Down As Results Improve
Contrasting its previous earnings report, ASX-listed audio and visual distributor, Ambertech, has posted a 5.8% increase in half-year net profit to $488,000. Whilst its ‘lifestyle’... Read More
Steinhoff Asia Pacific Open To IPO As Parent Slumps
Recent reports reveal Steinhoff Asia Pacific is eyeing an IPO, as its parent company continues to face the aftermath of accounting irregularities, coupled with... Read More
February Business Conditions Hit Record High, Confidence Dips
NAB’s Business Survey has revealed business conditions in February were at a record high. The index reached its highest point in more... Read More
Myer Officially Dumped From ASX200
Following struggling sales, several profit downgrades and a recent CEO exit, Myer has today been dumped from the ASX200 benchmark index. The department store’s demotion from Australia’s index... Read More
UK Retailers Wobble In Worrying Sign For OZ
Profits at the UK retail group John Lewis Partnership who have been quietly expanding their appliance and consumer electronics offering is struggling.... Read More
Godfreys Expands Leadership Team, Pursues Turnaround
Following its recent earnings report with a 62% drop in profit, Godfreys has welcomed two new staff to its leadership team, as it pursues a... Read More
Gerry Harvey Slams “Overreacting” Investors, Focused On “Fighting” Amazon
Gerry Harvey is adamant investors are “overreacting” to Harvey Norman’s HY18 earnings results, stating the retail group’s franchisee profit slump was impacted by investments in... Read More
Shaver Shop Sales Jump 19% To $93M, Profit Up 9%
Despite the launch of Amazon Australia, the Shaver Shop has posted a “record” 1H18 earnings result, with total sales climbing 19% to $93.4... Read More