Furniture the standout as Radio Rentals reports strong results
Thorn Group Limited, parent company of Radio Rentals, today announced its full year results, with the group reporting an 8 per cent increase in revenues, and healthy growth thanks to the furniture category and new Apple products.
Tue 21/05/2013 12:00:00 / Read More »Dodgy rental dealings put appliance retail industry at risk
With two appliance rental providers facing the ire of ASIC in the past week, the industry is certainly coming under increased regulatory scrutiny. So what does it mean for the rest of the retail industry?
Tue 19/02/2013 12:00:00 / Read More »Rival retailers ambush Canberra Apple Store opening
Two of Apple's authorised dealers attempted to ambush the opening of the company's first retail outlet in Canberra - one of them was turned away by security.
Sat 08/09/2012 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 »Chairman of Thorn Group to step down
The chairman of the board of Thorn Group, the company responsible for the Radio Rentals and Rentlo store chains, has announced that he will be stepping down from the position in September of this year.
Mon 01/08/2011 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 »News Wrap: Retail decline/Rental high, TP-Link's new boss, Nokia E6
Radio Rentals is reporting an upswing in appliance and whitegoods rentals as consumers move away from financing purchasing, TP-Link has a new local country manager and Nokia releases the E6 smartphone.
Thu 14/07/2011 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 »Thorn Group announces 40% profit increase for Radio Rentals and Rentlo
Thorn Group, the company that operates rental giants Radio Rentals and Rentlo, has today announced a profit increase of 40%.
Tue 24/05/2011 12:00:00 / Read More »Radio Rentals and Rentlo 'tick all the boxes'
Parent company, the Thorn Group, has today said the Radio Rentals and Rentlo division is performing strongly thanks to a solid demand for flat panels, whitegoods and furniture.
Wed 04/05/2011 12:00:00 / Read More »Thorn Group explains why it is dumping BigBrownBox
In a forthright interview with Current.com.au, the MD of Thorn Group has explained why BigBrownBox is being exited, and what the new focus for the nascent player will be.
Mon 29/11/2010 12:00:00 / Read More »Thorn gives Big Brown Box the boot, but company outlook is bright
While the Radio Rentals and Rentlo business is booming, parent company the Thorn Group has announced it will exit the online venture BigBrownBox.com.au next year.
Tue 23/11/2010 12:00:00 / Read More »Radio Rentals and Rentlo to open kiosk sales centres
The electrical appliance store footprint is about to get even smaller, with Radio Rentals and Rentlo to open kiosks in shopping centres to find new customers.
Tue 19/10/2010 12:00:00 / Read More »New legislation aims to reduce reckless lending by retailers
Within days of Harvey Norman announcing that it has extended its lending arrangement with GE Money, Radio Rentals' financial services company, Thorn Group, has received its licence under the National Consumer Credit Protection Act.
Thu 14/10/2010 12:00:00 / Read More »Thorn posts big profits through increased rentals
The Thorn Group has bucked the recent retail trend and posted a $16.4 million profit for the year to 31 March 2010, a 32.8 per cent increase on the previous year.
Tue 25/05/2010 12:00:00 / Read More »Thorn Group agrees to MD contract renewal
The board of the Thorn Group yesterday announced it had reached a new employment agreement with its managing director, John Hughes.
Wed 14/04/2010 12:00:00 / Read More »Radio Rentals benefiting from record low late payments
The owning group behind the Radio Rentals and Rentlo brands has announced another strong profit result. Once again, the business model has been praised, but so have the consumers, who are paying all their bills on time.
Fri 27/11/2009 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 »Internet phone company announces new chairman
According to the ASX, Freshtel Holdings, the internet telephone company which distributes its VoIP products through retailers like JB Hi-Fi, Clive Peeters, Bing Lee, Office Works and Radio Rentals, has appointed a new non-executive director and chairman.
Fri 22/05/2009 12:00:00 / Read More »Big Brown Box MD confident in business model and timing
The fact that other major retailers have not significantly invested in online retailing to date is no concern for Big Brown Box MD John Hughes, who believes that the time is right and so is his business model.
Thu 27/11/2008 12:00:00 / Read More »Gerry Harvey "wrong" about online retail says Big Brown Box MD
Gerry Harvey in particular has been a vocal critic of online retailing but John Hughes, managing director of Radio Rentals Australia, which owns the newly-launched Big Brown Box online retail site, says the Australian retail icon has got it "wrong".
Thu 27/11/2008 12:00:00 / Read More »Cameron Crowell to head up the RT Edwards business
The new RT Edwards business will be managed by Adelaide based Cameron Crowell who will return home to Queensland with his family after seven years in South Australia.
Wed 10/09/2008 12:00:00 / Read More »Tom Edwards claims it is “business as usual”
Tom Edwards, the managing director of the RT Edwards electrical business, today issued a statement which claims it is “business as usual” after selling to Radio Rentals in South Australia, which is owned by Peter and Barry Walker.
Wed 10/09/2008 12:00:00 / Read More »
