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Retail Roulette – Why Black Friday and Cyber Monday discounts are a complete gamble for retailers and consumers alike

Retail Focus

Experts from retail marketing consultancy Gekko have utilised their GWS Price Analysis Tool to do the heavy lifting, crunching the numbers to analyse average prices in categories including consumer electronic products and household goods, across major retailers, including AO, Argos, Currys, Harvey Norman, and John Lewis.

Consumer 261
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JB Hi-Fi posts higher net income in half year

Inside Retail

The consumer electronics retailer’s net income climbed 8 per cent year over year to $285.4 JB Hi-Fi’s net income grew in the half year ended December 31, thanks to higher sales bolstered by Black Friday and Boxing Day promotions. million as sales jumped 9.8 per cent to $5.67 JB Hi-Fi Australia’s sales rose 7.2

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Harvey Norman’s system revenue up in first half, eyes AI-driven growth

Inside Retail

The furniture and consumer electronics retailer’s UK sales surged 39.7 Harvey Norman’s system sales increased 4 per cent to $4.83 billion in the first half on the back of positive results in most markets, with the UK posting the highest growth rate. per cent while Slovenia and Croatia sales grew 7.4 per cent and 4.4

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As Microsoft shuts stores in China, are authorised retailers still relevant?

Inside Retail

The reported closure of Microsoft’s brick-and-mortar stores managed by authorised retail partners in China has raised questions about the tech giant’s strategy in the world’s second-largest economy and whether the move is counterintuitive when the market’s consumer electronics sector has seen a sign of recovery. billion, in 2023.

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ACCC sues The Good Guys over dodgy promotions

Inside Retail

The ACCC said that The Good Guys ran 116 promotions between July 2019 and August last year, offering consumers a store credit or StoreCash if they spent a certain amount on qualifying products in its online or physical stores.

Promotion 298
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Disappointing demos hinder sales of consumer electronics, Outform finds

Retail Times

Underwhelming displays and a lack of staff knowledge in store are impacting shoppers’ buying behaviours in consumer electronics - especially when it comes to consideration of a new brand or upgrade - according to a recent study.

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JB Hi-Fi to acquire E&S Trading, books lower sales last fiscal year

Inside Retail

The consumer electronics retailer agreed to an initial acquisition of 75 per cent of E&S for cash consideration of $47.8 JB Hi-Fi is broadening its product categories as it agrees to acquire a controlling interest in E&S Trading Co, which offers kitchen, laundry, and bathroom products. million on a cash-free,debt-free basis.