Sony is set to start issuing pink slips this month following a major restructuring of their Australian operation. The move follows the appointment of DHL to handle the Company's logistics and distribution operations.
COMMENT: If you're looking for a quit vacation in Hawaii where you can soak up the noise of breaking waves from your ocean front room or breakfast in a 5 star hotel the answer is definitely not the Sheraton Waikiki.
LG Australia who in the last financial year only managed a profit of $13K from nearly a billion dollars turnover is facing the prospect of $25M exposure, after the collapse of retailer Clive Peeters with debts in excess of $150 million.
Last month US PC Company Dell, agreed to pay over $100 Million dollars to settle an investigation into accounting fraud, bribery by Intel and company manipulation. Now the Company is under investigation for selling millions of faulty PCs and then trying to hide the fact.
Woolworths is set to target the appliance business of stores like The Good Guys, Harvey Norman, Bing Lee and Winnings when they launch their new hardware chain in Australia in partnership with US appliance retailer Lowes.
While Gerry Harvey the Chairman of Harvey Norman Holdings was whinging about the fact that Australians are not paying 10% GST on Internet purchases made from overseas web sites, arch rival Myer was actually doing something about it.
Smartphone carriers, who are already set to come under margin pressure next year as Android Smartphone's proliferate and prices fall, are set to be forced by the Federal Government to bid billions for new spectrum that will see the introduction of new spectrum and 4G Smartphone's in 2013.
Consumer Electronics distributors who face a grim future if big retail chains like Harvey Norman and Myer start selling into Australia from web sites operated from Southern China, claim that both Companies are "bluffing" however some believe they are "deadly serious" and if so the retail distribution scene in Australia could change forever.
Australian distributor Conexus is now selling Native Union's Moshi Moshi line of phone handsets which have been described as one of the "coolest" of iPhone attach devices. The device which can be used with the new iPad 2 eliminates the dork look when holding an iPad up to your ear.