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 »Myer profits edge up, exit from whitegoods and gaming complete
Myer posted a slight uptick in sales and profits for the first half of the 2012-13 financial year, and has tightened its focus on "price harmonisation". The retailer has also now fully exited the whitegoods, gaming, CD and DVD categories.
Thu 14/03/2013 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 »David Jones profits drop 40 per cent
The CEO of David Jones says a tough retail climate and ongoing investment in the company's Future Strategic Direction Plan are responsible for DJs reporting a 40 per cent decline in profits and earnings today.
Wed 19/09/2012 12:00:00 / Read More »Steady results for JB Hi-Fi but ghosts of Clive Anthonys remain
JB Hi-Fi has released its results for the 2012 financial year, reporting a boost in sales up to $3.13 billion. But difficulties with Clive Anthonys (including "restructuring" costs from 2011) paint a grim picture for earnings and profits.
Mon 13/08/2012 12:00:00 / Read More »Samsung global sales estimate up $6 billion on 2011
Samsung Electronics has announced its global earnings estimate for Q2 of the 2012 fiscal year, estimating sales of approximately 47 trillion Won (AUD $40 billion) and an operating profit of 6.7 trillion Won (AUD $5.7 billion).
Mon 09/07/2012 12:00:00 / Read More »F&P losses eased after a stronger second half of the year
Fisher & Paykel announced its annual results today, posting group profits of NZ$18.4 million. While weaker than the previous year, the results in the second half of the fiscal year recovered some of the losses incurred at the end of 2011.
Thu 24/05/2012 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 »JB Hi-Fi projects drop in annual profits despite steady sales
JB Hi-Fi has announced its profit guidance for FY2012, projecting a slight increase in sales revenue for the year, but a drop in profits to below 2010 levels. Following today's announcement, the company's share price has taken a dive.
Fri 27/04/2012 12:00:00 / Read More »Outlook not so good: Sony profit slump to be greater than expected
Just one day after Samsung announced a doubling of expected profits, Sony has revised its financial estimates for the past year, projecting a net income loss of AUD $6.27 billion.
Wed 11/04/2012 12:00:00 / Read More »Samsung predicts a noteworthy doubling of profits
Samsung Electronics has announced its earnings guidance for the first quarter of 2012, with the Korean company predicting a year-on-year doubling of profits.
Tue 10/04/2012 12:00:00 / Read More »RIM sheds over $1 billion in revenue as BlackBerry sales drop 20%
Research in Motion, the manufacturer of BlackBerry smartphones, has released its fourth quarter results, announcing a massive slide in revenues and smartphone shipments, as well as disappointing PlayBook tablet sales.
Fri 30/03/2012 12:00:00 / Read More »The "store of the future": DJs outlines its plans for online retail
Despite company profits falling 20% over the last 6 months, David Jones has outlined a bold new plan for expanding its "Omni Channel Retail" offering. So what will the new online strategy involve, and will it save the department store?
Fri 23/03/2012 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 »Dick Smith fell, but how the mighty Masters has risen for Woolworths
Despite issuing grim sales figures for its failed Dick Smith electronics brand, Woolworths has found success elsewhere, reporting stellar sales for its home improvement/appliance retail offering, Masters. And there are plans to go online too...
Fri 02/03/2012 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 »Why Woolies is selling: Dick Smith stores pull in just $189 a day
Woolworths released its half-yearly sales results today, with grim profit figures from Dick Smith providing clues as to why the embattled retailer is up for sale.
Thu 01/03/2012 12:00:00 / Read More »Weak Australian figures saved by America: Breville's half-yearly results
Breville has announced its half yearly profit results, with a poor performance in the Australian market offset by stellar results in the company's North American division.
Thu 23/02/2012 12:00:00 / Read More »The breakdown: How Wesfarmers' big 4 electrical retailers are faring
Following the announcement of Wesfarmers' half yearly results, Current takes a close look at the companies' electrical retailers: Officeworks, Target, Kmart and Bunnings.
Thu 16/02/2012 12:00:00 / Read More »Optus profits up, but new mobile customers trailing Telstra
Following the release of Telstra's quarterly results last week, Singtel Group, the parent company of Optus, has announced a small boost in revenue and profits for the telecommunications company.
Tue 14/02/2012 12:00:00 / Read More »Stability now as JB Hi-Fi sales rise as profits fall
JB Hi-Fi released its half-yearly results today, posting a 5% increase in revenues, but a 9% drop in profits. However, CEO Terry Smart remains positive for the year ahead.
Mon 13/02/2012 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 »Half yearly results cast a cloud over Sunbeam
GUD Holdings, the parent company of Sunbeam, has announced its half yearly results today, with the company's consumer division posting a 8% drop in sales revenue thanks in part to reduced prices.
Tue 24/01/2012 12:00:00 / Read More »Retail insights: Just how well are JB, Harveys, Myer & DJs faring?
Despite JB Hi-Fi's recent profit downgrade, industry analysts suggest that "the market is unfairly valuing" the company. Meanwhile for Australia's other big retailers, electrical products are proving to be a tough sell.
Fri 13/01/2012 12:00:00 / Read More »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.
Fri 16/12/2011 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 »Samsung bolstered by smartphones, despite 23% drop in profits
Despite posting a 23% drop in operating profits for the last quarter, Samsung has mobile telecommunications and appliances to thank for mitigating the damage - both categories are booming.
Mon 31/10/2011 12:00:00 / Read More »'Our point of difference is our staff': JB Hi-Fi chairman on retail success
JB Hi-Fi held its AGM today, with CEO Terry Smart and chairman Patrick Elliott discussing the company's successes - including the strength of its staff.
Wed 12/10/2011 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 »That was the year that was - F&P chairman discusses FY2011 results
Fisher & Paykel held its annual shareholders meeting in Auckland yesterday, where chairman Keith Turner discussed the company's performance in the tough appliance and retail market over the past year.
Fri 26/08/2011 12:00:00 / Read More »Miele Australia number one market outside Germany with 10% sales growth
The Australian subsidiary of appliance manufacturer Miele saw a 10 per cent growth in sales last financial year - the biggest result outside of Miele's German homeland.
Thu 25/08/2011 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 »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 »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 »Dick Smith rebranding helps to boost sales
Woolworths Limited, parent company of the consumer electronics retailer Dick Smith, announced its fourth quarter sales results yesterday, reporting a 2.1 per cent increase in its CE sales in Australia.
Thu 21/07/2011 12:00:00 / Read More »David Jones in no rush to expand online trade
While some retailers gallop towards expanding their online trade and multi channel offering, David Jones has said the cost-benefit analysis of furthering online operations will be well considered.
Thu 24/03/2011 12:00:00 / Read More »David Jones posts 5.2 per cent profit rise and negative sales
The giant retailer has released its first half year results boasting a record profit after the tax - the highest since the company listed in 1995 - and has reaffirmed its profit guidance for 2011 and 2012, despite negative sales.
Wed 23/03/2011 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 »Net profit falls 60 per cent at Clive Peeters
Although sales and net profit are down, Clive Peeters managing director Greg Smith is confident that the retailer will return to profitability. He said this will take some time, but it has well and truly started the journey.
Mon 01/03/2010 12:00:00 / Read More »
