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Latest Articles
Harris Technology sees earnings boost after strategic pivot amid economic challenges
Online retailer Harris Technology (ASX: HT8) has seen a significant improvement in earnings after repositioning its business strategy to counter the adverse effects of declining discretionary spending. The Company’s strategic shift, aimed at navigating a difficult economic climate where Australian households have pulled back on spending, has helped boost margins and earnings despite a reduction
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Harris Technology slashes inventory by 52%, encouraging sales from new international business
While rising interest rates put financial pressure on Australian households which slashed discretionary spending, online retailers could either take the high road or prepare their businesses to bounce back. For online retailer Harris Technology (ASX: HT8), it’s been the case of the latter through prudent cash management and upgrading into new verticals that will drive
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Harris Technology’s strategic review paying dividends as margins rise amid international expansion
Despite the struggles faced by reduced consumer spending in response to interest rate pressure in Australia, online retailer Harris Technology (ASX: HT8) has played a steady hand through the economic headwinds and is now reaping the benefits via the inventory initiative that commenced 12 months ago, driving sales margins to recent period highs and sustainable
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Harris Technology hits inventory reduction milestones, household sales ramping up
Aussies might tighten their belts as the cost of living continues to hike, but there are certain items they can’t (and won’t) stop buying, even when the budget is tight. To name a few; household goods like cleaning supplies, car care, or stationary are essential to all households and driving profits for eCommerce company Harris
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Harris Technology seizes on strategic review to deliver impressive quarter
While tech companies around the world have been shedding jobs with mass layoffs following a turbulent year for tech, eCommerce company Harris Technology (ASX: HT8) tackled the challenging conditions head on and have come out on top following a strategic review. As one of Australia’s high flyers during the pandemic, the online retailer thrived as
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Harris Technology set to accelerate private label division with expansion into 14 countries
Just because something costs less, it doesn’t mean that it won’t be as good as its pricier counterparts. This is the principle that smart shoppers have been living by, which could save them hundreds of dollars by simply buying private label products. These products will always, always be positioned as a cheaper alternative right next
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