Demand Keeps Kogan Busy
SYDNEY: Online retail giant Kogan has reported half-yearly revenue almost doubled as demand pressure hit the business during the Black Friday and Christmas sales period.
Ruslan Kogan (pictured) said his company experienced seven of its biggest-ever trading days throughout the last six months with the recent acquisition of New Zealand e-commerce site Mighty Ape adding to the pot.
Sales across the two businesses rose over 96 percent for the six months to the end of December.
Their combined gross profit jumped over 120 percent with the companies reporting over 3.8 million active customers.
Gross sales for the Black Friday week topped $50 million, and sales for the Friday itself were over $15 million.
They were the highest-ever single day of sales at the retailer which said it experienced “significant challenges” keeping up with demand.