The location was Essendon in Victoria and the year was 1952 when Ian Muir began retailing electrical appliances under the brand name Mighty Muir. By 1992 Muir owned 14 stores across Victoria and Queensland and on Wednesday September 29, 63 years later the company has opened the doors of its 100th Australian store in North Lakes, Queensland.
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Posted inDigital Retailer
Au revoir to Photo Continental after 64 years
Photo Continental which has traded as a specialist photo retailer for almost seven decades closed the doors of its Mt Gravatt, Brisbane store last week. The company announced the news to its customers on its Facebook Page on September 14.
Posted inRetail News
Retail Trends: US icon hhgregg trying room vignettes, Samsung sections
As a leading US appliance retailer, hhgregg started out with an 800 square-feet appliance showroom and office in 1955. Today it has evolved to a multi-regional retailer with 229 brick-and-mortar stores in 20 states and is taking a different merchandising tack in the Orlando and Tampa markets.
Posted inRetail News
94,000 FB shares impact on JB’s reputation
Within hours of James Milne being turned away from the Mt Omnaney JB Hi Fi store in Queensland on Monday, a Facebook post by his sister Victoria went viral with more than 48,000 shares by yesterday morning. Today the post has received 161,000 likes, 39,000 comments and 94,000 shares. Claire Moffat and Emily Bencic report.
Posted inBusiness Outlook
Call for ‘digital disruption minister’
It’s not surprising to hear that Australia’s tech sector is excited about Prime Minister Turnbull and his strategy to harness our country’s innovation. They are not alone, the CE industry is more than happy about the change from Tony Abbott because it will likely increase consumer confidence and therefore sales.
Posted inRetail News
Macy’s and Best Buy seal deal
US retailing icon, Macy’s will soon begin to sell consumer electronics after sealing a partnership with CE giant Best Buy. The deal is aimed at firstly, attracting a new breed of shopper and second, retaining existing customers who are “gravitating” to things outside of the merchandise categories offered at Macy’s.
Posted inSmall Appliances
Success story: Dyson hits £1.4bn turnover
Dyson Ltd has reported turnover of £1.4bn with profit rising by 21%, despite the company being hit by a strong Pound which pulled it back to 13%. Research and Development investment was up 40% with growth driven by global demand, particularly Asia. There was also a strong performance from new technologies including bladeless fans, purifiers and humidifiers. Sales of Dyson patented cordless vacuum technology grew by 68% globally.
Posted inRetail News
Is Myer fighting for survival?
Just days after Myer revealed its future direction, the retailer has seen its share price savaged, placing its $600 million strategy in doubt. In stark contrast, Harvey Norman offers are likely to be boosted following a strong recommendation today from Deutshe Bank that it is the leading retail stock to buy.
Posted inDigital Retailer
Gibson Innovations CEO steps down
After nine years of leading Gibson Innovations (formerly Philips’ Home Entertainment), Wiebo Vaartjes will step down from his role as CEO, effective immediately. He will continue in a transitional role as a consultant with the company through the end of the year, as Gibson Brands CEO Henry Juszkiewicz, assumes all responsibilities associated with the role on an interim basis.
Posted inDigital Retailer
African adventure to be won at Digital Show
Visitors of the upcoming Digital Show will have the chance to win a professionally guided Photographic Adventure to Namibia in South-West Africa, valued at $15,000.