Woolworths who last year sold their Dick Smith operation to concentrate on the roll out of the Master hardware chain has finally admitted that the costs of rolling out the chain has blown out to a pre-tax loss of $157M.
Chinese TV Company TCL has thrown down the gauntlet to Australian TV manufacturers by launching a 50-inch 4K Ultra High Definition TV for sub $1,000 in the USA the same TV is tipped to go on sale in Australia along with a sub $4,000 65" model.
An Australian content streaming is set to take on Apple Music, Deezer and Spotify with a unique Hi Res Music download service that in the future will allow artists to record live Australian concerts and instantly stream the content.
Senior management from Sharp Australia who have just returned from a trip to Japan, to discuss among several issues, the fate of the local subsidiary, are not saying whether Australian operation is going to be spared the axe following the takeover of the Sharp Corporation by Foxconn.
As JB Hi Fi was announcing a big increase in sales Dick Smith was announcing a Retail Brand Management Agreement with David Jones, which will see 30 new Dick Smith stores opened inside David Jones stores.
Harvey Norman boss Gerry Harvey, has thrown a wobbly into the battle for control of The Good Guys, claiming that if he gets the green light from the Australian Competition & Consumer Commission he will join the bidding to buy the mass retailer.