Revamped LG washers to make IFA debut

LG is promising improved reliability and durability with a new suspension system, Centum System™, in its latest washing machine line-up for the European market. The machines will also feature an upgraded enamel coated exterior design and LG TWIN Wash™, capable of handling dual loads simultaneously, which will make its European debut at IFA 2015.

Intel pours $60 million into drone investment

Intel has invested more than $60 million into Shanghai-based drone and aerospace company, Yuneec International, as it explores the technological possibilities of drones. Venture capitalists and companies are expecting drones to benefit consumers, as Amazon.com and Google develop drones to deliver their products.

Aldi expansion good news for SA

Aldi seeks to fill more than 100 new positions across South Australia for its state-wide expansion in 2016. Applications are now open for retail assistants and store management trainees and recruitment will close on 27 September 2015, before reopening for a second round of employees in February 2016.

Bing Lee puts a turbo behind online

Bing Lee is the latest retailer to be signed as a customer on the Ominvore retail platform for up and coming Australian IT company, City Beach Software, joining Dick Smith and Super Cheap Auto. The customer list has now reached 500 in just three years. City Beach will also be partnering with property group heavyweight Lend Lease for use of its platform for online shopping channels.

Gerry Harvey says housing boom driving positive outlook

Harvey Norman saw its annual net profit for fiscal 2015 lift by 26.6 % to $268.1 million, from $211.70 million in 2014. Excluding property revaluations, annual net profit was up 19% to $261.84 million, from $220.1 million. Harvey Norman chairman, Gerry Harvey has attributed the growth outlook for the property market in Australia as positive, pointing to new starts, renovation expenditure, and secondary market clearance rates as significant drivers.

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Woolies in good spot to reset agenda

Woolworths Corp is regrouping after a profit crash of 12.5% to $2.146 billion and the departure of chairman Ralph Waters (formerly managing director of Email Ltd prior to its sale to Electrolux). Although the company is now without a permanent head of either the Supermarket business or Big W, it is possibly in the best position to move forward under fresh leadership.

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Seeley celebrates double accolade

Seeley International founder and executive chairman, Frank Seeley AM, is the first ever winner of the CCN HVACR Leader of the Year Award. In addition to his accolade, the company’s seven star equivalent Braemar ducted gas heater was recognised as the Best New Product in the prestigious 2015 Australian Business Awards.

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DJs turnaround: strongest sales for eight years

Industry suppliers to David Jones can feel confident about future sell- through as South African retailer Woolworths, reversed a four-year slide in earnings at the department store. Yesterday, the company reported a 28.8% increase in operating profit to $161 million in the 11 months ended June 30.

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GfK TEMAX REPORT: Premium products driving growth

The Australian Technical Consumer Goods (TCG) market recorded solid value growth of 7.9% in Q2, 2015 according to GfK TEMAX® Australia. While it was the telecommunications category which enjoyed large double-digit value growth, this was backed up by both small and major domestic appliances which sustained their strong value performance.

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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 AppliancesDirect.co.uk. 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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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.

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