Consumer electronics retailer JB Hi Fi has defied the market by reporting a bumper 40% increase in profits and a sales increase of 28%. The Company also believes that the CE industry at large will benefit from further Federal Government stimulus packages.
Red telco is urging Infinite users sign up fo the "biggest release of the year." Troubled Vodafone appears to be betting on iPhone 5 release to reinvigorate customer morale after a series of network issues and consumer backlash against shoddy coverage.
Several vendors are believed to have approached the Australian Competition and Consumer Commission seeking reassurance that their submissions to an inquiry into the potential merger of JB Hi Fi and The Good Guys will remain confidential.
Harvey Norman who this week moved to exclusively distribute Monster and Solo 3DR drones has teamed up with Kaiser Baas to exclusively distribute their products.
In the battle between Starbucks and the humble cappuccino, it looks like the cappuccino has won with the expected closure of all its 85 stores nationwide at the close of business today.
EXCLUSIVE: A Sydney-based retailer has asked the Australian Competition & Consumer Commission to investigate claims of "restrictive trading practises" by Amber Technology, who are a share-listed company and one of Australia's largest consumer technology distributors.
Microsoft has moved to compete head on with JB Hi Fi, Harvey Norman and Officeworks by opening their own store in the heart of Sydney today, other stores are planned in Australia.
The Good Guys IPO roadshow is over, with the appliance and consumer electronics retailer forecasting 20% growth in 2017 a figure that has several analysts concerned.