JB Hi-Fi revises profit forecasts after "stronger than expected sales"
JB Hi-Fi has revised its sales and profit guidance for the 2013 financial year, with the retailer expected to boost profits by roughly 10 per cent on last year's figures, thanks to strong sales over recent months.
Fri 03/05/2013 12:00:00 / Read More »David Jones profits fall but retailer sticks by "strategic direction plan"
David Jones' half-yearly profits have taken a hit, with the retailer today releasing results pointing (in part) towards trouble in the electronics category. But CEO Paul Zahra insists DJs is on track with the recovery plan it made one year ago.
Wed 20/03/2013 12:00:00 / Read More »Harvey Norman sales crumble, profits tumble
Despite talking up the strength of its property portfolio, Harvey Norman posted a dismal slide in its half-yearly results yesterday, with sales down 8 per cent in Australia, and profits falling almost 40 per cent.
Fri 01/03/2013 12:00:00 / Read More »Wesfarmers results wrap: How the major retailers performed
Results reporting season continues with Wesfarmers today releasing sales figures for Target, Kmart, Bunnings and Officeworks. It was a mixed bag - Current.com.au takes a look at the performances across the board.
Thu 14/02/2013 12:00:00 / Read More »Wesfarmers steady, but electrical and technology categories stall
Wesfarmers has released its half-yearly sales results for Bunnings, Target, Kmart, Officeworks and Coles. All businesses saw modest growth, but the company has flagged issues in the technology and electrical categories.
Wed 30/01/2013 12:00:00 / Read More »JB Hi-Fi banking on OLED, 4G, iPhones and Nintendo for continued growth
JB Hi-Fi has today revealed where it sees new growth opportunities in the months leading up to Christmas. TVs, tablets, gaming consoles and cameras are at the fore in JB's planning.
Mon 13/08/2012 12:00:00 / Read More »David Jones takeover timeline revealed as ASIC investigates
David Jones has revealed the bizarre chain of events that led to a takeover offer from an unknown company last week, while ASIC has announced it has been "monitoring developments closely" and is investigating the situation.
Tue 03/07/2012 12:00:00 / Read More »Harvey Norman's franchisee model is becoming more corporate: RBS
Following the release of Harvey Norman's third quarter results yesterday, RBS equities analysts have argued that the company's franchise model has become corporatized, and that the company has "tight controls on franchisees".
Fri 04/05/2012 12:00:00 / Read More »After the fall...DJs announces "3 Point Strategy" to rise again
Following news of David Jones' huge profit and earnings slip today, the company has announced a comprehensive plan to move forward. Current dissects the details...and reveals plenty of insights for other retailers to take note of.
Wed 21/03/2012 12:00:00 / Read More »David Jones loses millions as profits & earnings fall 20%
Following a halt in trading on Monday, DJs has released its profit results for the last six months, reporting a 20% drop in company profits, and a 22% ($30 million) fall in the earnings of its department store division.
Wed 21/03/2012 12:00:00 / Read More »David Jones halts trading of company shares
David Jones has announced a halt in trading of its shares today, with speculation arising that the company's profits have tumbled following poor sales figures last month.
Mon 19/03/2012 12:00:00 / Read More »'I could buy them, but I don't want to': Harvey talks down failed competitors
Following the release of Harvey Norman's profit results yesterday, Gerry Harvey has spoken about the difficulties the consumer electronics retail sector is facing, some of which have proven too much for the company's competitors.
Thu 01/03/2012 12:00:00 / Read More »Telstra reports big profits, increased mobile users, more people touched
Telstra's profits jumped 22.9 per cent for the last six months of 2011, with much of the growth attributable to the company's mobile business, which saw almost 1 million new customers in six months.
Fri 10/02/2012 12:00:00 / Read More »David Jones sees wind fall out of its sales
DJs has posted an 11% drop in sales for the first quarter of the 2011-12 financial year (equivalent to more than $50 million). According to CEO David Zahra, electricals and home entertainment in particular played a part in this fall.
Thu 24/11/2011 12:00:00 / Read More »Rentlo hits rental high: Thorn Group profits climb 30%
Thorn Group, the parent company of Radio Rentals and Rentlo, released its half-yearly results today, posting a 30 per cent increase in net profit after tax (NPAT), up to $14.3 million.
Tue 22/11/2011 12:00:00 / Read More »Harvey Norman to launch online store and software on demand service
Following on from the release of its yearly profit results today, Harvey Norman has announced that it will be launching new online initiatives as well as new retail complexes in Victoria and Queensland.
Tue 30/08/2011 12:00:00 / Read More »Harvey Norman announces yearly results with profits up 9%
Harvey Norman Holdings Limited released its annual results today, reporting a net profit after tax of $252.26 million for the 2011 financial year - up 9 per cent on 2010.
Tue 30/08/2011 12:00:00 / Read More »Breville Group proves it's a real kitchen wizz with 40% profit increase
Breville has today released its annual results for the 2011 financial year, reporting a 40.5 per cent increase in net profits worldwide, despite slightly weaker Australian sales revenue.
Thu 25/08/2011 12:00:00 / Read More »Nespresso Lattissima dances into stores and hearts at gala launch
Nespresso's key retail partners descended on Cafe Sydney last night for the one-of-a-kind launch of the Lattissima machine by De'Longhi.
Thu 18/08/2011 12:00:00 / Read More »David Jones hit by 10% drop in sales
David Jones announced its fourth quarter results for the 2011 financial year today, posting a staggering 10.3 per cent drop in total sales for the period 1 May to 31 July 2011.
Thu 11/08/2011 12:00:00 / Read More »Harvey Norman posts modest sales increase
Harvey Norman Holdings Limited has today posted its annual sales results, with a total sales increase of 3.3 per cent, and a decrease in like for like sales of 2.8 per cent.
Wed 10/08/2011 12:00:00 / Read More »No Thorn in the side of Radio Rentals or Rentlo thanks to 40% profit increase
Joining the sea of yearly profit announcements made by the big names in electronics and appliances this month, Thorn Group has today released its annual report to shareholders, showing a 40% increase in profits.
Thu 28/07/2011 12:00:00 / Read More »Dark clouds and silver lining - Sunbeam's 2011 FY results
GUD Holdings Limited, parent company and distributor of Sunbeam appliances, has released its yearly results today, announcing a 6% drop in consumer sales but a 15% increase in earnings before interest and tax.
Thu 28/07/2011 12:00:00 / Read More »Retailers feel the stockwaves after DJs profit slump
Following an announcement made yesterday by David Jones heralding dwindling profits for 2012, stock prices plummeted across the retail sector.
Fri 15/07/2011 12:00:00 / Read More »DJs, Myer and consumer confidence: a tri-colour of gloomy news
Australian retailers David Jones and Myer have announced they expect profits to experience a serious decline in the next six months. Consumer confidence figures are also low, at levels last seen in the post-GFC climate.
Thu 14/07/2011 12:00:00 / Read More »Five golden things: F&P CEO sets roadmap for the future
Fisher & Paykel has today released its annual report to shareholders, with CEO Stuart Broadhurst offering up a five-point plan for the company's growth into the future.
Wed 29/06/2011 12:00:00 / Read More »Harvey Norman delists subsidiary from Singapore Exchange
Harvey Norman Holdings Limited has today released an announcement from its subsidiaries, Harvey Norman Singapore and Pertama Holdings, declaring their intention to delist Pertama from the Singapore Exchange.
Thu 16/06/2011 12:00:00 / Read More »Gary Paykel keeps on trucking
Gary Paykel, one of the Directors of the Board of Fisher & Paykel, has agreed to defer his retirement for 12 months following two unexpected resignations on the company's board.
Fri 10/06/2011 12:00:00 / Read More »Radio Rentals & Rentlo Share Incentive expected to raise $30 million
Thorn Group Limited, parent company of the Radio Rentals and Rentlo chains, has today announced a share purchasing incentive designed to raise $30 million, according to reports released to the Australian Securities Exchange.
Wed 01/06/2011 12:00:00 / Read More »F&P flying high after massive profit turnaround
Fisher & Paykel has staged a massive turnaround in fortunes, releasing a statement showing a Reported Net Profit of $33.5 million for the financial year ending 31 March 2011.
Fri 27/05/2011 12:00:00 / Read More »JB Hi-Fi announces Clive Anthonys $33.4 million write-down
The ten Clive Anthonys stores under the JB Hi-Fi umbrella could face rebranding or even closure as part of a restructuring plan predicted to cost a one-off post-tax charge of $24.8 million.
Tue 29/03/2011 12:00:00 / Read More »Myer on track to open two more stores
Following the success of the Bourke Street refurbishment and the opening of two new stores at Top Ryde in New South Wales and Robina in Queensland, Myer is scheduled to open two more Queensland stores.
Fri 18/03/2011 12:00:00 / Read More »Myer CEO reassures shareholders in face of company profit loss
The electrical business and whitegoods exit have been cited as culprits in Myer's negative half year sales; nevertheless the company has managed to present a strengthened balance sheet and declared an interim dividend of 11 cents per share.
Thu 17/03/2011 12:00:00 / Read More »Damian's USA court boosts Breville profit
Breville's first half year results have reported sales up almost 10 per cent and a whopping 36 per cent profit after tax to $20.9 million thanks largely to its international operations and a global distribution which has 'recovered to pre-GFC levels'.
Wed 23/02/2011 12:00:00 / Read More »Sunbeam releases half year results, pragmatic outlook for next half
GUD Holdings, Sunbeam's parent company, has today released its first half year results, stating that it does not expect margins to be as upbeat in the second half.
Thu 27/01/2011 12:00:00 / Read More »JB Hi-Fi boss Terry Smart bets on success
On the same day Terry Smart announced to JB Hi-Fi shareholders a 12.2 per cent increase in sales for Q1 FY11, he acquired the largest amount of options over ordinary shares in JB Hi-Fi since his ascension to CEO in June.
Wed 20/10/2010 12:00:00 / Read More »Dick Smith reveals weak growth
Dick Smith and Big W parent company, Woolworths, has revealed anaemic consumer electronic sales for Q1 in Australia, requiring its investment in India to bump up the average sales growth to 4.1 per cent.
Wed 20/10/2010 12:00:00 / Read More »Fisher & Paykel reduces debt levels ahead of schedule
In May 2009, Fisher & Paykel completed the renegotiation of its long term debt facilities of $575 million. According to the company's directors, F & P has significantly reduced this debt and is on track to change back to normal banking terms.
Mon 29/03/2010 12:00:00 / Read More »Proposed $9.5 million pay rise for Harvey Norman execs
According to its recent announcement to the ASX, Harvey Norman will hold an 'Extraordinary General Meeting' on 30 April 2010 to approve the issue of 17,500,000 fully paid ordinary shares to six of the companies executive directors.
Wed 24/03/2010 12:00:00 / Read More »Myer's expansion plans on track
According to Bernie Brookes, Myer chief executive officer, the refurbishment program for its retail stores is nearing completion. Brookes said that an expansion plan for 15 new stores is also in development.
Fri 12/03/2010 12:00:00 / Read More »Myer posts 38 per cent profit increase
In its latest financial results announcement, Myer has recorded an impressive 38 per cent uplift in net profit to $115 million for the six month period ending 23 January 2010.
Thu 11/03/2010 12:00:00 / Read More »David Jones lifts profit guidance
David Jones Limited has just released its latest financial results, and has witnessed a small improvement on last year with 2Q10 like-for-like sales increasing by 3.1 per cent. The retailer has also increased its FY10 financial guidance.
Wed 10/02/2010 12:00:00 / Read More »Sales up 6.4 per cent at Harvey Norman
Harvey Norman Limited has just released its sales results for the six month period ending 31 December 2009. Sales across the Australian division of the company were up 6.4 per cent for the period.
Fri 05/02/2010 12:00:00 / Read More »Myer sales creep up 2 per cent
Myer Holdings Limited has just released its sales figures for the first half of FY10 to 23 January 2010. The retailer recorded sales revenue of $1,797 million, which is up 2 per cent compared to the corresponding period last year.
Thu 04/02/2010 12:00:00 / Read More »Breville expects successful H1 FY2010; upgrades outlook
Breville Group Limited is currently finalising its trading result for H1 FY2010, but is expecting underlying EBITDA to be approximately $30 million. The company has also upgraded its full year profit expectations.
Thu 28/01/2010 12:00:00 / Read More »Net profit up 14.8% at Myer
Myer has just released its full year financial results to 25 July 2009, and despite the fact that the company is currently 39 months into its 50 month turnaround phase, the company performed exceedingly well.
Fri 11/09/2009 12:00:00 / Read More »Profits fall at Harvey Norman
Harvey Norman Holdings Limited has just announced its financial results for the year ending 30 June 2009. Despite significant profit drops across the board, Gerry Harvey was optimistic about growth in the future.
Fri 28/08/2009 12:00:00 / Read More »Business as usual for Clive Peeters retail staff
Clive Peeters CEO Greg Smith has urged his retail staff and store employees to maintain a 'business as usual' attitude to the day-to-day trading inside the group's stores.
Thu 06/08/2009 12:00:00 / Read More »David Jones 4Q09 results better than expected
David Jones has just announced its sales results for the fourth quarter FY09 ending 25 July 2009. The company saw overall growth on a total sales basis and outperformed every other quarter of FY09.
Wed 05/08/2009 12:00:00 / Read More »Margins are under pressure but Harveys is seeing growth
Despite the current economic conditions Harvey Norman has witnessed a very positive sales period for the year ending 30 June 2009, with a 3.8 per cent increase over the period.
Wed 22/07/2009 12:00:00 / Read More »Haier executives join the board at Fisher & Paykel
Fisher & Paykel announced last week that two senior Haier executives will join the FPAH Board of Directors, in addition to this the company has created a new management structure to maximise the Haier strategic partnership.
Mon 06/07/2009 12:00:00 / Read More »Clive Peeters forecasts operating losses up to $5 million
In an ASX release this morning Clive Peeters has made several announcements, including a predicted operating loss of $5 million, the ending of its strategic review process and the launch date of its online retail business.
Wed 01/07/2009 12:00:00 / Read More »Myer improves profit expectations after strong fourth quarter
Myer has just issued a report to the ASX outlining that it has revised its previous economic outlook for the year after strong customer response to promotional offers, improved store presentation and local marketing.
Wed 17/06/2009 12:00:00 / Read More »Fisher & Paykel comes to agreement on sale of head office
In a statement to the ASX, Fisher & Paykel Appliances has announced it has come to a conditional agreement for the sale and lease back of its head office and manufacturing facility at East Tamaki, Auckland.
Fri 05/06/2009 12:00:00 / Read More »Radio Rentals defies economic downturn with strong results
Radio Rentals Australia has released its financial results for 2009 financial year. Despite the current economic climate it performed surprisingly well with a 13 per cent increase in profit from the previous year.
Fri 29/05/2009 12:00:00 / Read More »Big announcement from Fisher & Paykel tomorrow
Yesterday it was reported that Fisher & Paykel's share price was in a trading halt amid speculation of an imminent announcement from the manufacturer. It has just been confirmed that this announcement will be made tomorrow morning.
Tue 26/05/2009 12:00:00 / Read More »Fisher & Paykel shares in trading halt
Fisher & Paykel Appliances and the ASX announced this morning that the shares of the company will be in trading halt for two days, due to an iminent announcement about the companies financial situation.
Mon 25/05/2009 12:00:00 / Read More »Fisher & Paykel responds to NZSX share price enquiry
After a 31.25 per cent increase in its share price, Fisher & Paykel Appliances has come under scrutiny from the NZSX, questioning whether any information has been withheld by the manufacturer.
Thu 07/05/2009 12:00:00 / Read More »Gerry Harvey apologises for missing ASX notice
Harvey Norman chairman Gerry Harvey yesterday responded to ASX enquiries over the sale of 170,000 shares by Harvey Norman executive director David Ackery.
Wed 17/09/2008 12:00:00 / Read More »
