Kogan.com (ASX: KGN), an Australia e-commerce platform previously welded in losses due to excessive inventory stockpiling, has made a return to profitability for FY24 after pivoting their business towards a more marketplace-centric model. Kogan.com’s revenue declined by 6.1%, reaching $459.7 million compared to $489.2 million in FY23, but this was no concern to the retailer
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If you haven’t been living under a rock, you must have heard about the massive tech layoffs across companies like Meta and Amazon. An underlying theme behind these layoffs was their CEOs’ dizzying faith in the e-commerce boom during Covid. Perhaps Aussie online shopping platform Kogan (ASX: KGN) bought into that school of thought, which
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If shareholder confidence is a sign of things to come, rocky waters may be ahead for luxury goods retailer Cettire (ASX: CTT) after its Founder and CEO cashed out $47.25 million of his shares with a pretty good idea of how their financial results for the year are going to look. Keen investors have been
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Despite the massive surge in online shopping brought upon by the pandemic and subsequent lockdown restrictions, the market has not reacted well to an update from online retailer Kogan.com (ASX:KGN) whose shares tumbled amid profit downgrades. With supply chain disruptions crippling global commerce, some retailers have had a hard time sourcing inventory but in the
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Following a proven model that skyrocketed Kogan.com (ASX: KGN) to the top of Australia’s eCommerce market, the online retailer is set to follow a similar path in New Zealand with the acquisition of Mighty Ape and its 895,000 subscribers. A homegrown retailer in New Zealand, Mighty Ape has built a reputation for its quick delivery
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The Advisors at Emerald Financial recently released a Speculative Buy report on Crowd Media (ASX: CM8). The Company has benefited from the growth in online-specific retail, something that has thrived through the COVID-19 pandemic due to isolation restrictions. Just look at a few of the more well-known ASX-listed retail companies that sell solely online have
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