Australian retailers predict modest increased margins as product choice and service are expected to boost sales.
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Posted inRetail News
SodaStream caught in revenue slide
Third-quarter profit for SodaStream International has sank to 76% and revenue has fallen below analysts’ expectations, as the company continues to work through a restructuring. SodaStream, which popularised the notion of make-it-at-home soda, is recasting itself as a sparkling water dispenser after hiring a two-star Michelin chef to concoct flavors like “raspberry lychee rose” amid rising competition.
Posted inMajor Appliances
US rejects Electrolux/GE settlement bid
The US Justice Department has rejected an antitrust settlement offer from Electrolux and General Electric for a pending US$3.3 billion deal and is preparing to take its concerns to trial on November 9, according to a Justice Department lawyer.
Posted inRetail News
The Good Guys again named ‘Best-of-the-Best’
The Good Guys (TGG) continues its run of accolades with its award for the coveted ‘Best-of-the-Best Retailer Award 2015’ at the Retail Asia-Pacific Top 500 Awards ceremony last night for the second year in a row.
Posted inRetail News
Vipac upsets air-con suppliers who push back
A recent report from Vipac on energy efficiency for air-conditioning units, which stated that manufacturers are misleading consumers by making biased claims on their labels has caused one leading supplier, Fujitsu General express concern. In a statement to Appliance Retailer Fujitsu General has reaffirmed its commitment to supporting the Government’s Energy Rating Label scheme.
Vipac has since responded with a reassurance to manufacturers that the findings aimed to encourage the development of more accurate testing technologies and methodology rather than discredit the important role they play.
Posted inMajor Appliances
Samsung “resolves” 62% potentially fatal washers
Samsung says that it has successfully “resolved” 62% of the units in the ongoing product safety recall for six models of its top loader washing machines. This information has been provided to NSW Fair Trading as part of its ongoing compliance with the notice issued under section 22 of the Electricity (Consumer Safety) Act 2004 (NSW). It said it continued to advertise the controversial recall, however this still does not include television.
Posted inRetail News
Euro purchasing power grows by 4%
Germany, France, Italy and the UK, make up almost 60% of Europe’s purchasing power, which increased by approximately 4.2% per-capita compared to last year, according to a recent GfK study. A total of approximately €9.13 trillion ($13.97 trillion) is available to European consumers in 2015 for spending and saving, equating to an average per-capita purchasing power of €13,636 ($20,863) for the 42 countries under review from GfK.
Posted inDigital Retailer
Calorie counting smart cup, Swarovski crystal watch and more at HK Fair
The Internet of Things (IoT) and smart technology created a buzz at the Hong Kong Electronics Fair and electonicAsia. Appliance Retailer’s Kymberly Martin reports that wearable tech was everywhere at the 35th Hong Kong Electronics Fair, especially when it came to health-related and lifestyle products.
Posted inSmall Appliances
Nespresso grinds Sudan’s beans for good
As the leader in the coffee capsule market, Nespresso is keeping consumers engaged through its development of the bean category. This week it launched the first ever coffee to be exported from the new country of South Sudan. Nespresso says that Sulujati South Sudan is the country’s first significant non-oil export in a generation and represents a positive step towards rebuilding the economy.
Posted inRetail News
Myer confident for good returns in 2017
In its stylish 2015 Annual Report, Myer chairman Paul McClintock (pictured) said that 2016 would be a transition year as the company invested between $100 million and $120 million to underpin future growth. However, Myer expects to return to sustainable profit growth in 2017.