While petrol is going up consumer electronic prices are crashing with leading investment bank Citi Group claiming that the consumer electronic market is set to be impacted by continued price deflation and that the average selling price for CE goods has crashed up to 25%
Hotels are installing thousands of display screen and in room automation systems in an effort to improve guest comforts lower operating costs and beat the phasing out of traditional CRT analogue TVs. Among the industries benefitting are the display industry and Companies like Control4.
Consumer technology and appliance advertisers who spend million on marketing using a media buying Company could get better performance if they focus on the people working on their account claims Richard Halmarick a former media agency boss.
Sharper Image who made a fortune selling gadgets for smart houses and then lost it all when they went belly up last year in the USA is back and they are looking for either a distributor or retailers in Australia to sell their new range of products that were launched at this year's CES show in Las Vegas.
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.