In light of the current retail climate, Gerry Harvey has said there is “no incentive” to open new Harveys stores in Australia. Instead, the focus will shift towards the profitable overseas market.
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Introduction of Beko part of retail business model evolution: Narta
Narta executive chairman Kay Spencer has outlined the business strategy behind the introduction of the Beko brand into the Australian market which will be available exclusively to members of her buying group from this month.
Unification of Retravision “crucial” to survival: new CEO
Following the merger of Retravision’s three Australian branches, the newly-appointed national CEO is talking up the move, saying there’s plenty the company can do to ‘become much better and stronger partners for our suppliers’.
BREAKING NEWS: Retravision Southern, Northern & Western merger confirmed
Following meetings between branch representatives yesterday, Retravision Southern, Northern and Western have merged to form a national supergroup in an effort to unify the retail brand.
JB Hi-Fi shares drop 15% after profit downgrade
JB Hi-Fi has sent shockwaves through the retail sector after issuing a profit downgrade after the close of trade yesterday afternoon, blaming the discounting of other retailers and price deflation in the AV sector.
Betta CEO reports positive sales leading up to Christmas
Betta Stores Retail CEO Graeme Cunningham is looking to end the 50th year of the Betta Electrical brand on a high after reporting strong sell-in and sell through data for 2011 in the week prior to Christmas.
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Stars align for Samsung, with help from the Galaxy: Interview
It’s been a tumultuous year for Samsung, with the Galaxy sub-brand making (both good and bad) headlines. But according to the brand’s VP of telecommunications, the company now has the momentum for a big 2012.
Broadband and PC use on the increase for young and old: ABS
More Australians have access to computers than ever before and more are using broadband, while the number of seniors logging on has doubled. That’s according to new data released today by the Australian Bureau of Statistics.
Beam me that Sandwich! Samsung’s Galaxy Nexus offers a world-first experience
Samsung has launched the world’s first smartphone to use the new Android 4.0 Ice Cream Sandwich operating system. It offers speed, connectivity and “a host of new, world class features”…and it’s here in time for Christmas.