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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The Australian retail industry may be witnessing a substantial pullback in discretionary consumer spending but rather than waiting for a return, online retailer Harris Technology (ASX: HT8) has offered low-cost alternatives to brand new products with its refurbished tech products surpassing $1 million in sales. Harris Technology is best known as a tech retailer that
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Softer trading conditions proved detrimental for online luxury goods retailer Cettire (ASX: CTT), impacting its financial performance in the quarter. To combat the decline, the Company has expanded its base, officially launching its direct platform in mainland China which went live yesterday and has already processed orders. This marks a big step in its strategic
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For retailers, Christmas is a time to significantly boost sales amidst customers hunting for bargains for gift-giving. Monash Business School Research is forecasting a specific surge in online spending for consumer electronics. How Aussies spend money this Christmas may vary due to the rising cost of living, but whether it’s the holiday “ritual” or the
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The thing about most trends is that they are fleeting: ripped jeans, polka-dotted shirts and such. COVID-19 gave birth to many more: Dalgona coffee, TikTok dances, inflation and the consequential e-commerce boom and bust. Since mid-2022, Australia has seen e-commerce sales decline due to inflation; however, that hasn’t compelled online retailers like Adore Beauty (ASX:
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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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