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Due to Black Friday and Boxing Day sales, JB HiFi reports record firsthalf sales.

Record sales and earnings were achieved in the second half of December during the Black Friday and Boxing Day promotional periods. The company witness

Record sales and earnings were achieved in the second half of December during the Black Friday and Boxing Day promotional periods. The company witnessed overall sales increase by 8.6% to reach $5.3 billion, specialising in consumer electronics through its banner brand JB HiFi and home appliances through specialty brand The Good Guys. Sales growth was particularly noticeable in the companys New Zealand operations, which brought in $160.6 million, or 16.1% more revenue. Sales at JB HiFi Australia increased by 9.1% in the first half to reach $3.6 billion, while those at The Good Guys were $1.5 billion, up 7.3% from 1H22. JBs rival Noel Leeming generated $341.3 million in New Zealand, an increase of 16.7%. Read More..

B2B Tech News | 2 years ago          

62 organizations with a purpose were chosen for the FlexiImpact Program by workspace provider Hub Australia.

The FlexiImpact Program at Hub Australia has selected a cohort of 62 purposedriven companies to participate. In five capital cities, the initiative of

The FlexiImpact Program at Hub Australia has selected a cohort of 62 purposedriven companies to participate. In five capital cities, the initiative offers 12month membership access to coworking spaces. RePlated, a company that creates takeout food containers out of recovered oceanbound plastic garbage, is one recipient. Other awardees include the nonaddictive social media platform Unscroll and Asian communityfocused mental health social venture Shapes and Sounds. Read More..

B2B Tech News | 2 years ago          

Trends in 2023 for unified communication and collaboration.

The use of and investment in cloud unified communications platforms and technologies will increase as organisations continue to adapt to shifting cust

The use of and investment in cloud unified communications platforms and technologies will increase as organisations continue to adapt to shifting customer behaviour. Businesses are adopting fully fledged Omni Channel solutions more frequently as a result of their growing awareness that they must connect with clients via the time and digital channel of their choosing. This adoption strengthens two fundamental corporate strategies first, a goal to increase customer intimacy and increase customer lifetime value and second, a strategy to improve operational efficiency, which enables more automation and interaction with underlying systems. Microsoft Teams has established itself as the de facto internal communications platform, with video conferencing serving as the external leg. However, phone installations are far behind. Read More..

B2B Tech News | 2 years ago          

Ox Streets founder is appointed head of luxury by Carousell.

Gijs Verheijke, the former CEO and founder of the Singaporean fashion marketplace Ox Street, has been named the head of Carousells premium segment. Gi

Gijs Verheijke, the former CEO and founder of the Singaporean fashion marketplace Ox Street, has been named the head of Carousells premium segment. Given that billions of dollars in luxury products are exchanged on the platform each year, Verheijke claimed he will help Carousell improve trust surrounding authenticity in his new position, which he revealed on his LinkedIn page. Verheijke stated that he will no longer be in charge of running Ox Street on a daily basis. Carousell purchased Ox Street, an online retailer of upscale sneakers, in October 2021. At the time, the industry leader in classified ads announced it would take use of Ox Streets expertise in highend apparel and accessories. Read More..

B2B Tech News | 2 years ago          

Forkast News and CryptoSlam announce their merger with support from Animoca.

from Hong Kong Forkast Labs, a platform for Web3 asset assessment, was created through the merger of Forkast News and CryptoSlam, a blockchain data an

from Hong Kong Forkast Labs, a platform for Web3 asset assessment, was created through the merger of Forkast News and CryptoSlam, a blockchain data analytics company with US headquarters. Value in the current market is largely correlated with crypto prices, which makes it erratic, sentimentdriven, and unreliable. To quantify these assets and guarantee proper investor appraisal, Forkast Labs will roll out its flagship data indices, APIs, and business intelligence tools. There is a lot of speculation because the entire business has been evaluated against erratic price changes. Because of this, confidence in cryptocurrencies has decreased, but with this combination, we have the capacity to reverse that trend, said Angie Lau, a former Bloomberg anchor and creator of Forkast News. Read More..

B2B Tech News | 2 years ago          

Orfium purchases Londons Soundmouse.

Los Angelesbased Orfium, which is already providing partners with hundreds of millions in extra revenue, expands its offering by purchasing Soundmouse

Los Angelesbased Orfium, which is already providing partners with hundreds of millions in extra revenue, expands its offering by purchasing Soundmouse. Orfium has purchased Soundmouse, a Londonbased company that reports on music cue sheets and provides audio identification services. Orfium claims that the acquisition would address the entertainment industrys most complicated challenges and revolutionise digital music and broadcast rights management even though the deals financial details are yet unknown. I can speak from personal experience when it comes to rights management, the related profits that go along with it, and the concomitant nightmare that the accurate capture and processing of it can be. I previously worked for ASCAP, the American Society of Composers, Authors, and Publishers. Read More..

B2B Tech News | 2 years ago          

Urban miner and packaging pioneer Close the Loop is acquired for $5.8 million in the US.

Over the past year, Close the Loop Group ASX CLG has been on a tear, with revenue rising 162% to $170 million in FY22. With the $4 million acquisition

Over the past year, Close the Loop Group ASX CLG has been on a tear, with revenue rising 162% to $170 million in FY22. With the $4 million acquisition of the US company InPlas Recycling, the Melbournebased endtoend recycling solutions and product development group continues its acquisition spree. In order to strengthen its position in the supply chain from collection to recycling to design to manufacture, the firm has been progressively expanding its network of businesses. InPlas Recycling was acquired by Closed the Loop Group for $4 million in cash and debt. The company is situated in the US and works with a range of thermoplastics. It has operations in the automotive, manufacturing, and pharmaceutical industries. Read More..

B2B Tech News | 2 years ago          

Kenyan fintech Kwara signs agreement to reach over 4,000 credit unions and raises $3 million in seed funding.

Kenyan fintech company Kwara says it has ties to a pool of over 4,000 saccos for its bankingasaservice offering after signing an exclusive digital sol

Kenyan fintech company Kwara says it has ties to a pool of over 4,000 saccos for its bankingasaservice offering after signing an exclusive digital solutions distribution arrangement with the Kenya Union of Savings & Credit Cooperatives Kuscco. As part of the exclusivity agreement, Kwara also plans to pay an unknown sum to acquire the software business IRNET, a subsidiary of Kuscco. Existing investors DOB Equity, Globivest, and Kobalt Music founder Willard Ahdritz are among the latest funders of Kwara. According to the business, it increased customer retention to 100% and increased its clientele base from 50 at the end of 2021 to 120 today. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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