Big CE Retailers Spending Millions Buying Up Stock Small Retailers Struggle
Consumer electronic and small appliance retailers in Australia are spending millions building stockpiles of inventory in anticipation of a surge in spending... Read More
Target Selling Tesla Cybertruck For Under $200
Mattel has partnered with Tesla to bring a new limited-edition remote-control Cybertruck toy to Australia. The Hot Wheels 1:10 RC Cybertruck includes... Read More
Kmart On The Up, Revenue Nears $10 Billion
Kmart Group has enjoyed a strong year, with revenue up 8.3 per cent to $9.98 billion, as parent Wesfarmers looks to grow... Read More
Wesfarmers Hits All-Time ASX High
Wesfarmers has been trading at an all-time high today on the ASX, reaching $62.69 just after 11am, after opening strongly at $62.11.... Read More
LIFX Not Very Smart, False Revenue Claims, As Supplier Sells Components
Part 2: The resignation of three directors at any Company will raise flags, but for Amazon, JB Hi Fi and Harvey Norman,... Read More
COVID Lockdowns: WA Premier Says CE Retailers Not “Essential” Businesses
Consumer electronics retailers like Harvey Norman may not be “essential” businesses under Western Australia’s lockdown, according to Premier Mark McGowan. In a... Read More
Target Commercial Model Reset Is Complete, Says Wesfarmers
Target is now a “smaller and simpler business with a significantly reduced fixed cost base,” according to Wesfarmers, who held a Strategy... Read More
Speculation, Target Up For Sale & Officeworks Moving Into Education Market
Wesfarmers has today briefed the market at a fund’s managers event with speculation mounting that the group is looking to sell the... Read More
Wesfarmers Chief Executive Applauds The Budget
Wesfarmers chief executive Rob Scott has welcomed the Federal Budget, highlighting the support for small-to-medium business investment, saying it “recognises the central... Read More
Major Oz Retailers Exposed To Security Hack
Security cameras used by more than 100 Australian organisations, including retailers, have been caught up in a hack that has exposed serious... Read More