Electronics giant kills online store.
Former Retravision Southern chairman Trevor Elsworthy has closed his Geelong electrical retailer after almost 80 years of trading. The closure of Elsworthy's comes at a difficult time for the Geelong area.
According to JB Hi-Fi, this move is necessary following "several years of disappointing returns" and advised that there would be "further deterioration in 2011 half year sales and earnings".
BSR, the franchisor of 134 Betta electrical and furniture retailers has announced it will be joining Narta, Australasiaâ€™s largest independent buying group.
Electronic retailer entrepreneur Ruslan Kogan has launched TradeLeaks.com, a whistleblowing website that will make retail and trade open and transparent.
The independent retail analyst found that many specialist electrical retailers are using private label and own brands to remain competitive against non-specialists, such as supermarkets and online retailers.