VACUUM CLEANERS – AUSTRALIA

Godfreys’ 99-year-old owner plans to fight back

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Original article by Simon Evans
The Australian Financial Review – Page: 13 & 18 : 6-Jul-18

Vacuum cleaner retailer Godfreys Group will be delisted on 6 July, following its purchase by Arcadia Financial for just $13.5 million. Arcade Finance is controlled by John Johnston, who joined Godfreys in 1936. Johnston told Godfreys CEO John Hardy during a recent meeting that he thinks Godfreys should be making more use of social media. Godfreys had a 40 per cent share of the $3 billion vacuum cleaner market in 2006, but Hardy thinks it is now down to 18 per cent.

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, ARCADE FINANCE PTY LTD, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, THE GOOD GUYS, BARBEQUES GALORE PTY LTD, SUPER A-MART PTY LTD, LE CORNU LEWIS HANCOCK

Retailer Godfreys sucks it up and goes back to basics

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Original article by Simon Evans
The Australian Financial Review – Page: 26 : 18-Aug-17

Vacuum cleaner retailer Godfreys Group has posted a 2016-17 net loss of $A18.4 million. Revenue declined by 2.9 per cent to $A174.1 million, while 22 of its company stores were converted to franchise outlets during the year. Analysts see Godfreys falling behind stores like JB Hi-Fi and Harvey Norman in the $A1.3 billion Australian vacuum cleaner sector, while the pending arrival of Amazon presents another challenge for the group.

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, AMAZON.COM INCORPORATED, WERTHEIM SCHRODER AND COMPANY, HOOVER (AUSTRALIA) PTY LTD, DYSON INDUSTRIES LIMITED

Godfreys backed for long-term

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Original article by Simon Evans
The Australian Financial Review – Page: 15 : 14-Jun-16

Shares in vacuum cleaner retailer Godfreys have fallen to $A1.015, compared with an issue price of $A2.75 in late 2014. However, major shareholder John Johnston is upbeat about the outlook for the group, and recently increased his stake to 24.9 per cent. He notes that there will always be demand for vacuum cleaners, while consumers are now replacing these appliances more frequently. Johnston has had an association with Godfreys since 1936.

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, SHAVER SHOP PTY LTD, ARCADE FINANCE PTY LTD, PACIFIC EQUITY PARTNERS PTY LTD, UNITAS CAPITAL PARTNERS PTY LTD, NOMURA AUSTRALIA LIMITED, INVESTEC AUSTRALIA LIMITED, JB HI-FI LIMITED – ASX JBH, MYER HOLDINGS LIMITED – ASX MYR, BIG W DISCOUNT STORES

Cleaning frenzy buoys Godfreys

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Original article by Simon Evans
The Australian Financial Review – Page: 17 : 24-Feb-15

Listed vacuum cleaner retailer Godfreys has posted a 20140-15 interim underlying pro-forma net profit of $A6.4m, with sales of $A90.6m. Godfreys has forecast a full-year profit of $A12.2m. CEO Tom Krulis notes that sales of cleaning products tend to be higher during the month of January, as consumers typically clean more often. He adds that Godfreys plans to expand its product range to include air purifiers

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, ARCADE FINANCE PTY LTD

Vacuum cleaners keeping us recession-proof: Godfreys

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Original article by Simon Evans
The Australian Financial Review – Page: 19 : 11-Dec-14

Godfreys Group’s stock ended its first day of trading at $A2.85 on 10 December 2014, compared with an issue price of $A2.75. The vacuum cleaner retailer raised $A78m via an IPO, after scaling back plans for a $A103m raising. Godfreys chairman Rod Walker notes that the group’s sales are generally not affected by the economic outlook, as every home needs a vacuum cleaner

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, ARCADE FINANCE PTY LTD, NOMURA AUSTRALIA LIMITED, INVESTEC AUSTRALIA LIMITED, FREEDOM GROUP LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, UNITAS CAPITAL PARTNERS PTY LTD, ACONEX LIMITED – ASX ACX