Since February 2022, online luxury retailer Cettire (ASX: CTT) has seen its share price plummet from $2.13 to only $0.88 as of August 30. However, a baffling discrepancy followed as the Company released its financial report, announcing a gross revenue growth of 131% to $287.8 million. All this while, profit fell about 7.5% to $19.06
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At a time when we had to re-evaluate our spending on everyday necessities, few compromises were made on the luxury front, with people still willing to spend generously on accessories. For FY22, fast fashion jewellery brand Lovisa (ASX: LOV) reported $548.7 million in revenue, a 59.3% increase on the previous year. The Company’s comparable store
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Even the best fiction writer probably couldn’t script this if they tried but a tumultuous year where everything that could go wrong, did – has finally ended for online books retailer Booktopia (ASX: BKG) which has culminated in a $6 million fine for breaches in consumer protection laws. The $6m fine from the Australian Competition
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Would you buy a sofa priced to the tunes of $5,000? Probably…not. But many Australians are more than willing to, as is evidenced by furniture retailer Nick Scali’s (ASX: NCK) sales of $441 million across FY22. Despite the 18.2% increase in sales compared to last year, net profit after tax fell marginally by 4.9% to
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Although corporate turmoil has plagued Booktopia (ASX: BKG) over the past 12 months, with 90% of the company valuation slashed, there may soon be some light at the end of the tunnel with the books retailer set to start fresh at a new distribution facility. The move, which will only be down the road from
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The market has been privy to whispers about the potential return of Catch.com.au founders Gabi and Hezi Leibovich to the drivers seat of the business following a worsening track record of declining performance of the site under Wesfarmers’ (ASX: WES) management. Since acquiring the flourishing retail giant in 2019, Wesfarmers have seen Catch lose $46
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