Ruslan Kogan, the founder and CEO of online retailer Kogan.com, has urged shoppers to stock up on Christmas gifts now to avoid higher prices later in the year on new stocks of LED TVs and other products made with computer chips.
Mr Kogan told AFR Weekend he has warehouses full of stock waiting to be sold at discounted prices. Earlier on Friday the group slashed its earnings outlook, blaming miscalculations on inventory and higher warehousing costs.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
