Amazon Nabs Record Profit, $60B Q4 Revenue, Sales Up 38%
Blowing past analysts’ forecasts, Amazon has posted a stellar fourth quarter earnings result, nabbing US$60.5 billion in revenue and a record net... Read More
Godfreys Shares Hit Record Low, Forecasts $59M Loss
Vacuum cleaner retailer, Godfreys, has informed investors it’s expecting a net loss (after tax) of $59 million – news which has sent... Read More
JB Hi-Fi & Kogan Shares Soar Post Amazon, Myer Slumps
Kogan and JB Hi-Fi have surprised several investors, boasting significantly higher share prices just months after the ‘disruptive’ launch of e-commerce behemoth Amazon Australia.... Read More
Myer Wins $20M Lease Dispute
Myer has won its court case against the landlords of Chadstone Shopping Centre, Vicinity Centres and John Gandel, defending allegations of lease and... Read More
Kogan Adds Life & Funeral Insurance To Arsenal
Kogan.com has continued the rapid expansion of its brand’s portfolio, following the latest addition of life and funeral cover to its range... Read More
David Jones Value Slashed By Third, $712M Writedown
Citing Australia’s tough retail climate, South African-based Woolworths Holdings has written down its investment in David Jones by a third, forcing the... Read More
ANZ: Mobile Wallet Payments Soar 140% In 2017
ANZ’s latest data reveals the volume of mobile wallet payments soared 140% in December 2017, compared to the same period 12 months ago.... Read More
Intel Exec Says Amazon Prime The Real “Competitive Weapon”
A senior executive from Intel has warned Australian retailers to remain concerned about Amazon, referring to its forthcoming ‘Prime’ service as a “critical competitive... Read More
Retail Sales Climb, Consumer Sentiment & Job Growth Up
The ABS has revealed that retail sales climbed 1.2% in November, whilst consumer sentiment has continued to improve and full-time job opportunities... Read More
JB Hi-Fi Soars After ‘Strong’ Christmas, Amazon “Limited Impact”
Shares in JB Hi-Fi have spiked to their highest point in 11 months, after Morgan Stanley analysts reported “strong Christmas trading”, despite the launch... Read More