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Kogan’s Profits More Than Double, Hits 2M Active Customers

Elise Reid July 21, 2020 No Comments

Kogan.com has revealed that its gross profits grew by over 115% year-on-year (y-o-y) in the fourth quarter of FY20, while gross profits were up 95% y-o-y. The retailer’s sales have…

Federal Court Finds Kogan Ran Misleading Sales Promo

Elise Reid July 17, 2020 No Comments

The Federal Court has found that Kogan.com breached the Australian Consumer Law by making false and misleading representations about a tax time sales promotion, in proceedings brought by the ACCC.…

Kogan Turns To Twitter Instead Of ASX

Elise Reid July 14, 2020 No Comments

Yesterday, Ruslan Kogan, the CEO of Kogan.com, turned to Twitter to make a trading update about the online sales figures of recently acquired furniture company Matt Blatt. Traditionally, such updates…

Kogan’s Share Purchase Plan Oversubscribed, Raises $20m

Elise Reid July 8, 2020 No Comments

Kogan.com has successfully raised $20 million through its share purchase plan that was launched in June, surpassing the original target by $5 million. The company has revealed that the share…

Kogan.com Successfully Raises $100 Million

Elise Reid June 11, 2020 No Comments

Kogan.com has successfully completed the $100 million placement that it launched yesterday, at an offer price of $11.45 per share. This represented a 7.5% discount on Kogan.com’s closing share price…

Kogan’s Gross Sales Rise By More Than 100%

Elise Reid June 5, 2020 No Comments

The Australian e-commerce site Kogan.com has witnessed significant growth during the COVID-19 crisis, with the retailer recording year-on-year growth of 100% in April and May. Gross profit has expanded even…

Kogan Shares Soar To Record High

Elise Reid May 29, 2020 No Comments

Kogan.com.au has noted unprecedented growth during the COVID-19 pandemic, and today the company’s share price soared by 5.2% to reach a record high of $11.11 as of 12pm. This comes…

Kogan.com Set To Move Into Homewares & Furniture With New Acquisition

Elise Reid May 15, 2020 No Comments

Kogan.com has acquired the Australian, family-run furniture company Matt Blatt for $4.4 million. “Our acquisition of Matt Blatt gives us a springboard from which to expand our reach in the…

Kogan Margins Squeezed Amid Record Customer Spike

Roma Christian April 21, 2020 No Comments

E-commerce behemoth Kogan.com has announced record post-IPO monthly growth in active customers for March, whilst “successfully navigating” the operational disruptions of COVID-19. The news follows reports of price gouging during…

Coronavirus: Kogan Price Gouging, Freezers $1K More Expensive Than Bing Lee

David Richards March 19, 2020 No Comments

Kogan who was last week in the Federal Court defending ‘dodgy’ deals has now moved to taking advantage of the Coronavirus by price gouging with the cost of a chest…