Australia’s largest online bookstore is set to undertake a strategic reset amid difficult retail trading conditions with Booktopia Group (ASX: BKG) to layoff 50 staff and shake up its leadership team with current CEO David Nenke resigning, effective immediately. The strategic overhaul, headlined by the redundancies from Booktopia’s corporate headquarters in Rhodes, Sydney, aims to
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Over the past few months, the Federal Government has tightened immigration to halt the country’s international student growth. In light of that, existing education providers like NextEd (ASX: NXD) have had to change tact. NextEd’s international student mix has shifted from the English language to vocational courses. Total new international student (ELICOS and vocational) enrolments
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In the wake of escalating cost of living pressures, consumers are increasingly turning to refurbished IT products as a cost-effective alternative to new purchases – a trend being capitalised on by eCommerce company Harris Technology (ASX: HT8) which is seeing a surge in sales from refurbished products. For the quarter ended 31 March 2024, Harris
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Last year, online marketplace Articore (ASX: ATG) undertook a business restructure, changing its name from Redbubble. However, the new name has yet to drive a change of fate. In the third quarter of FY24, the Company reported a higher profit margin but struggled with losses and cash flow. Group CEO and Managing Director of Articore,
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Young Australians’ reading habits leave plenty to be desired. A 2024 study found that one in three Australians is struggling to read, costing the economy billions of dollars and painting a bleak picture for online booksellers like the Booktopia Group (ASX: BKG). The Company has been reeling under the impact of declining interest in books,
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E-commerce toy retailer Toys‘R’Us (ASX: TOY) is expanding its portfolio by acquiring the key assets of RIOT, a 50-year-old arts and crafts retail brand. TOY will acquire intellectual property assets (domain names, business names, trademarks) and stock on hand. The Company plans to combine the RIOT assets with its existing operations to achieve efficiencies through
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