Playstation takes a spot at PAX

Sony PlayStation will have an inaugural presence at PAX Australia being held at the Melbourne Convention and Exhibition Centre from October 30 to November 1, 2015. PAX is a festival to celebrate everything about gaming culture. First held in Seattle in 2004, it has nearly doubled in size each successive year and the first international PAX was held in Melbourne in 2013, to sold out crowds.

How men are driving retail loyalty profits

A study ‘for love or money 2015’ reveals that Australians, particularly men, are more active in loyalty programs than ever before, boosting retail bottom lines. This is the third annual research study and provides a consumer pulse on loyalty programs, new insights that impact on customer loyalty and benchmarks results over the last three years.

ACCC fines shonky floorcare player $370,000

Three elderly women were the targets of shonky floorcare company Lux Distributors Pty Ltd (Lux) which has been ordered to pay pecuniary penalties totaling $370,000 for engaging in unconscionable conduct. The proceedings were brought by the Australian Competition and Consumer Commission (ACCC).

Bundaberg Joyce Mayne shuts up shop

After running at a loss for five consecutive years, Joyce Mayne in Bundaberg will be closing its doors in early September this year. Harvey Norman chairman, Gerry Harvey has reportedly said that the 30 staff members from the Bundaberg store can expect to find jobs in the renovated Harvey Norman store or elsewhere.

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Yamaha takes on fierce multi-room audio market

Since its founding in 2002, Sonos has dominated the wireless multi-room audio market. In 2013, Bose introduced the SoundTouch wireless system; a year later LG and Samsung decided to grab their own piece of the market, and earlier this year, Philips pioneered the Spotify Connect system. Yamaha has cemented its plans to shake up the multi-room speaker category with its latest MusicCast concept, which allows users to enjoy content from music streaming services, in addition to, TV programs, CDs and even vinyl records.

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Myer’s omni-channel strategy gets a push

Mark Cripsey is set to improve Myer’s omni-channel retailing and customer data strategy in the newly-created role of chief digital and data officer before the close of 2015. Cripsey was formerly GM of Coles Online, and therefore brings specialist expertise in omni-channel retailing.

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Anatomy of a new tax

Appliance retailers are facing a dilemma as the country’s treasurers meet today to discuss lowering the Goods and Services Tax low-value threshold (LVT). On the one hand, such a move could lead to consumers paying a new ‘parcel pick-up tax’ when buying from small online retailers and impact sales. While, on the other, it will level the playing field for Australian-based retailers to ensure future viability and global relevance.

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Want to lift profits? Ask Kmart’s Guy Russo

Kmart, once the poor cousin of chain stores, has risen phoenix-like with improved earnings before interest and tax of 18% ($432 million) and delivered a remarkable return on capital of almost 33% for parent Wesfarmers. The company delivered these results to the ASX yesterday and said it “remains proud and happy to be a conglomerate” after its retail businesses offset weakness in its industrial operations to lift group underlying earnings 8.3% higher in the year to June 30.

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Fridge-freezer sales soar on British Bake Off show

Sales of ovens, hobs, fridge-freezers, and stand mixers used by Great British Bake Off contestants on the show have soared according to online retailer Customers have more than doubled sales of the Gorenje RF60309O retro fridge-freezer seen on this year’s Bake Off, which costs around £600 compared to the £1,020 Smeg featured in previous series.

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Home Show still a hit for Camberwell after 25 years

After a successful weekend at the Melbourne Home Show for the 25th year, Hans Vanderstadt from Camberwell Electrics is ready to engage with visitors who will be coming to his door to find out more about the products that were on display, or who are ready to buy, after just browsing at the Show. The retailer partnered with several brands including premium Swiss appliance market leader V-Zug, German brand Liebbher, Jura, and Daikin, among others.

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