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 exiting FMCG categories, weening itself off sales events
David Jones is exiting several fast moving consumer goods (FMCG) categories and cutting back on discounting to increase its focus on higher-margin categories such as fashion and cosmetics.
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 »DJs sales up after nearly two years, but CEO expects a "flat" Christmas
David Jones reported a lift in sales yesterday - albeit a lift of just 0.3 per cent - after 7 consecutive quarters of negative growth. But CEO Paul Zahra is not happy with the electrical category, and is anticipating a "flat" Christmas.
Thu 22/11/2012 12:00:00 / Read More »Wesfarmers starts the new financial year with moderate growth
Wesfarmers released its first quarter results for the new financial year today, with Bunnings, Officeworks, Target, Kmart and Coles all showing moderate levels of growth.
Thu 25/10/2012 12:00:00 / Read More »Woolworths releases final disappointing Dick Smith sales results
Woolworths Limited has released its sales for the first quarter of the new financial year with Masters and Big W faring well. But for Dick Smith's last stretch with its former owner, sales were down.
Thu 18/10/2012 12:00:00 / Read More »Smalls face challenges from house brands and mass merchants: Sunbeam
Sunbeam has spoken out about its weak yearly results today, saying that even though small appliances aren't facing hefty price erosion like flat panel TVs, there are plenty of big issues challenging the category.
Fri 28/09/2012 12:00:00 / Read More »David Jones sales weak, but "strategic direction" is on track
David Jones announced its fourth quarter sales results today, with total sales for the period down 1.3 per cent, and full-year sales down 4.3 per cent. Despite this, DJs' CEO said the company is making "good progress" with its strategic plan.
Thu 23/08/2012 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 »Wesfarmers sales results show modest gains here, stagnation there
Wesfarmers released its yearly sales results today, with the company's home improvement and supermarket businesses growing by 6 per cent. However, Officeworks saw only modest growth, Kmart stayed flat, and Target declined.
Thu 26/07/2012 12:00:00 / Read More »Masters has a cracker as Woolworths releases yearly sales results
Woolworths Limited released its yearly sales results today, posting a 4.7 per cent increase in sales across the group. While Big W only climbed by 0.5 per cent, Masters saw an increase in sales of almost 25 per cent.
Mon 23/07/2012 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 »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 »Wesfarmers sees modest sales growth despite Target's slip
Wesfarmers - the parent company of Bunnings, Officeworks, Target, Kmart and Coles - announced its third quarter retail sales results today, reporting modest growth in all its main businesses, aside from Target.
Tue 24/04/2012 12:00:00 / Read More »Masters sales up 30%, online sales coming soon
Woolworths has released its third quarter sales results, with Masters reporting a sales jump of almost 30% and a website in the works. While Dick Smith posted a slight decrease in sales, the retailer was largely ignored in the results report.
Mon 23/04/2012 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 »Harvey Norman sales down, with 10% pre-Christmas drop
Harvey Norman has released its financial results for the second half of 2011, posting a 2.9% decline in sales for July to September, and a 10.2% drop in the last 3 months of the year, compared to 2010.
Wed 29/02/2012 12:00:00 / Read More »Bunnings sales are up, but Masters is seeing bigger growth
The Bunnings hardware chain saw a 6.8% increase in sales over the last six months, but the retailer was outstripped by its biggest competitor, Masters, which posted a 16.4% jump in sales figures over the same period.
Thu 02/02/2012 12:00:00 / Read More »Breville predicting strong earnings for 2012
Breville has announced its earnings expectations for the 2012 financial year, with the company forecasting a a 16 per cent increase in earnings before interest and tax.
Tue 31/01/2012 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 »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 »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 »Apple sells over 18.5 million iPhones and 4.5 million iPads in second quarter
Apple has announced a record second quarter, boasting revenue of $24.67 billion, but has forecasted a decline for the third fiscal quarter.
Wed 27/04/2011 12:00:00 / Read More »Bunnings posts profits to boost Wesfarmers retail results
Bunnings owner Wesfarmers has today reported an 8.1 per cent rise in profit for its home improvement division in its third quarter sales results.
Wed 20/04/2011 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 details its online expansion, myfind.com on trial
Myer has described the inherent differences and the future directions of its two online shopping websites in today's first half year sales report.
Thu 17/03/2011 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 »Whitegoods and cooking prop up Harvey Norman Q1 sales
A decrease in first quarter like for like global sales of 0.6 per cent from prior year has not deterred Harvey Norman from saying it expects solid Christmas trading conditions.
Thu 28/10/2010 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 »David Jones the latest with weak sales figures
David Jones has joined the growing list of retailers to post soft sales figures, reporting growth of just 1.4 per cent in the latest quarter.
Wed 19/05/2010 12:00:00 / Read More »Spot the difference: take a look at the world's first coffee machine
Current.com.au has come across a photo of what we believe to be the first fully automatic coffee machine marketed to consumers. Things have certainly changed since 1985.
Mon 10/05/2010 12:00:00 / Read More »Dire times for Clive Peeters, but hope in sight
Clive Peeters is the latest retailer to report negative sales figures in FY2010, with the company this morning revealing multi-million dollar losses for the latest quarter.
Tue 04/05/2010 12:00:00 / Read More »Dick Smith saves Woolworths from even sharper falls in electronics sales
The new format Dick Smith stores have provided Woolworths with a lone highlight in an otherwise disappointing quarter for consumer electronics sales.
Fri 30/04/2010 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 »JB Hi-Fi continues to smash records
JB Hi-Fi Limited has just announced a record half yearly net profit of $76 million from $1.554 billion in sales for the six month period ending 31 December 2009.
Mon 08/02/2010 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 »
