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Kogan Co-Founders Sell Off 5% Of Shares

Jack Gramenz August 23, 2019 No Comments

Kogan co-founders Ruslan Kogan and David Shafer have sold off another $30 million worth of shares in the company, reducing their ownership by around 5 per cent. The 5.2 million…

The Reject Shop Post $17M Loss As CEO Search Continues

Jack Gramenz August 22, 2019 No Comments

Struggling discount retailer The Reject Shop has breached its financial covenants and posted an after tax net loss of $16.9 million as it continues to search for a new CEO.…

AusPost Profit Plummets Despite Record Revenue

Jack Gramenz August 22, 2019 No Comments

Australia Post has reported before tax profits of $41 million for the last financial year, plummeting two-thirds from the $126 million in profit the year before. Growth in the e-commerce…

Stan Near Profitability But Facing Stiff Competition

Jack Gramenz August 22, 2019 No Comments

Nine Entertainment Co’s Stan streaming platform now has more than 1.7 million subscribers, but that hasn’t stopped it taking a $21.3 million bite out of its parent company’s earnings. The…

JB Hi Fi Director Flogs Shares

David Richards August 21, 2019 No Comments

JB Hi Fi board member Richard Uechtritz appears to have dipped out on a rise in the retailers share value when he sold a batch of the retailers shares recently.…

Zip Acquires BNPL Services In Global Expansion

Jack Gramenz August 20, 2019 No Comments

Buy now, pay later provider Zip Co has chased local rival Afterpay in expanding overseas by acquiring payment platforms that will give them access to markets in the US, UK,…

Seven Earnings Down 10%, Original Content Booms

Jack Gramenz August 20, 2019 No Comments

Seven West Media’s new CEO James Warburton has a tough task ahead of him after the company posted a 10 per cent drop in earnings this morning. The media giant’s…

Kogan Profit Up 22%, House Brand Sales Soar

Roma Christian August 20, 2019 No Comments

Kogan.com has reported a 21.9% lift in net profit to $17.2 million, with house brand revenue soaring 41.6% year-on-year despite sluggish Australian retail conditions. The company has also surpassed half…

Amazon Defeats Tax Appeal

Computer Daily News August 19, 2019 No Comments

E-commerce giant Amazon has defeated an appeal by the US Internal Revenue Service in what the online retailer has called a US$1.5 billion dispute over its tax treatment of transactions…

Is Gerry Harvey Set To Retire As More Questions Raised About Questionable Investments?

David Richards August 19, 2019 No Comments

Days out from Harvey Normans latest financial results serious questions are still being asked about the Companies structure and related entities than the day to day retail operation, and when…