Sign up Australia
Proactive Investors - Run By Investors For Investors

Nuheara continues global retail expansion of unique hearing device

More than 600 physical stores are now stocking the product.
Shares are trading circa 11% higher intra-day

Nuheara Ltd (ASX:NUH) is continuing the retail expansion of its IQbuds™ hearing device in brick and mortar (B&M) and online stores across the globe.

The company’s IQbuds combines the features of a hearing device, a bluetooth earpiece and a noise cancelling headset.

In July 2017, Nuheara had 42 stocking B&M retail stores, mainly in the U.S. In the three months since, this has grown to more than 600 stores across North America, Europe and the Middle East.

As the company continues to on-board more brands and stores, the current forecast for B&M retail stores selling IQbuds is expected to reach 1800 stores by the end of 2017 calendar year.

With 80% of consumer electronics still purchased by consumers in brick and mortar stores, it was imperative that the company gained a physical foothold in these stores.

Importantly, this expansion now includes the on-boarding of leading brand retailers such as Harrods, Selfridges, Virgin, Elkjop, Media Markt and Liverpool across Europe, the Middle East and Mexico.

The company is also continuing to strengthen its online presence with powerhouses such as Amazon and Best Buy.

Nuheara’s shares are trading circa 11% higher intra-day, at $0.063.

View full NUH profile View Profile

Nuheara Ltd Timeline

March 27 2017

Related Articles

An energy plant
August 13 2018
The exclusive contract will run its course for two years and includes a one -year extension option
remote meeting
August 15 2018
The acquisition of MeetingZone earlier this year has been called “transformational” by LoopUp bosses
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use