Feeds

Oz channel takes another hit as receiver moves in on WOW

Weak sales, property debts take their toll

Choosing a cloud hosting partner with confidence

Another of Australia’s struggling bricks-and-mortar gadget retailers is in trouble, with the WOW Audio Visual Superstores chain put up for sale by receivers Ferrier Hodgson.

The company had expanded its original operation in Cairns, Queensland, to launch nine other stores in Queensland and five in other states (Albury and Coffs Harbour in NSW, Canberra, Shepparton in Victoria and Darwin in the Northern Territory).

While being read as another symptom of Australia’s weak retail environment, the company operating the business has had to deal with a $AU20 million debt from a property developer’s collapse. When property developer Aristocon went into administration in 2010, it owed $AU27 million to WOW.

WOW’s stores were built by Aristocon, and the two companies formerly shared board members.

It owes $AU26 million to unsecured creditors, which much of that owed to vendors and distributors, and has 500 staff. ®

Internet Security Threat Report 2014

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.