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BREAKING: Kogan Buys Big Kiwi Retailer In $122.4m Trans-Tasman Push

Jake Nelson December 3, 2020 No Comments

Kogan.com has bought out major New Zealand retail site Mighty Ape for $122.4 million AUD cash, in an effort to expand its presence on the other side of the ditch.…

Harvey Norman & Kogan Shares Surge After AGMs

April Glover November 26, 2020 No Comments

Harvey Norman shares have surged by 5.2% after the department store giant reported its stellar results in yesterday’s Annual General Meeting. On Thursday afternoon, Harvey Norman Holdings Ltd shares were…

Kogan Sales Figures Won’t Hold Up Post Pandemic, Warns Morningstar

Jake Nelson November 23, 2020 No Comments

Kogan shares have been “materially overvalued”, a financial services firm has warned, with investors wrongly expecting the current online sales surge to last. Morningstar believes that Kogan’s current high sales…

Shareholders Approve Controversial $110m Bonus For Kogan Bosses

April Glover November 20, 2020 No Comments

The shareholders of online retailer Kogan.com have voted to approve a controversial $110 million bonus share grant to the company’s founder Ruslan Kogan and CFO David Shafer. Proxy firms warned…

Kogan Powerbank Recalled Over Fire Safety Concerns

April Glover November 11, 2020 No Comments

The ACCC has recalled a Kogan-branded power bank over concerns the device may catch fire during charging. The Kogan 26800 mAh Power Bank (60W) with PD and QC 3.0, which…

Kogan Executives Deserve $130m Bonus, Claims Chair

April Glover October 23, 2020 No Comments

The chair of online technology retailer Greg Ridder has claimed the business founder Ruslan Kogan and finance head David Shafer more than deserve the propposed $130m in long-term bonus payments.…

Aussie Supply Chains Slip, As Retail Business Soars

Computer Daily News October 1, 2020 No Comments

SYDNEY: Retailers including Harvey Norman, JB Hi-Fi and Kogan may have recorded bumper sales and profits during the coronavirus lockdown, but they’re facing a major problem: their supply chains can’t…

Ruslan Rakes It In During August

Computer Daily News September 17, 2020 No Comments

MELBOURNE: Kogan has been rustlin’ up a lot of customers as a result of Covid19 gaining the largest monthly increase of new customers in the company’s history during August. Sales…

Kogan.com’s ‘E-commerce Revolution’, Sales Up 39.3% In FY20

Elise Reid August 17, 2020 No Comments

Kogan.com’s sales increased by 39.3% in FY20 to hit $768.9 million, with gross profit growing at a similar rate of 39.6%, to $126.5 million. The e-commerce retailer was also able…

Kogan.com’s Profits Up 160%

Elise Reid August 10, 2020 No Comments

Kogan.com has provided a business update for July 2020, revealing that the e-commerce retailer’s gross profit increased by more than 160% year-on-year (y-o-y). In addition, gross sales grew by over…