David Richards

4 days ago | channelnews.com.au | David Richards

Heavy discounting aimed at clearing stock has paid off for Sonos, which is under new management, with the business reporting that revenues rose nearly 3% from a year earlier to around US$260 million in the last quarter. Interim CEO Tom Conrad who wants the top job at Sonos has moved quickly to restructure the struggling business whose share are still down 42% following a disastrous app launch by previous management.

4 days ago | channelnews.com.au | David Richards

Last week they were teasing a new Lumix camera, days later the Japanese Company announced the axing of 10,000 employees worldwide. The Company that is well known for their appliances, microwaves, air conditioning and health and beauty products is among several Asian businesses that are restructuring their operations. 50% of the cuts will come from overseas subsidiaries however it’s not known whether any of those cuts will affect the Australian operation.

1 week ago | channelnews.com.au | David Richards

LG Electronics management appear to believe that they are better marketers than retailers, with the Company who is moving to sell direct soliciting retailers in Australia, to take over marketing for LG products as opposed to providing marketing funds directly to retailers. ChannelNews has been told that one major retailer of LG TVs, and appliances flatly rejected the Companies marketing proposition.

1 week ago | channelnews.com.au | David Richards

Netflix is set to revamp its TV app interface and integrate generative AI into its iOS mobile platform, allowing users to search for content using natural language, missing will be an update for Android smartphone users. The redesigned interface, which eliminates the sidebar, will be rolled out gradually over the coming weeks and months.

1 week ago | channelnews.com.au | David Richards

Shark Ninja is expanding beyond its kitchen and home products range with the Company now looking for more share in the health beauty and wellness market. The company, recognized for its blenders and vacuums, is now focusing on skincare, with plans to introduce light therapy devices and power-operated brushes for skin cleansing and exfoliation. Analysts have identified multiple patent filings pointing to this new direction.