This Month
The Iconic shows early signs of a sales turnaround, powered by AI
The online retailer has been overhauling its business after several years of losses, and says the value of merchandise sold has been rising again.
Near 40pc rise in Prime revenues sends Amazon’s local sales soaring
The technology giant, which started as an online bookseller in 1994, has reported a big rise in revenues in accounts filed with the corporate regulator.
December 2024
Amazon’s Temu copycat to fuel mindless Australian consumerism
The e-tailing giant’s “Haul” shopfront – an answer to cheap marketplaces that’s now on a US trial – is feeding a growing subculture of over-shopping.
November 2024
VC-backed video start-up 90 Seconds fields interest, hires advisers
90 Seconds’ owners have hired Singapore-based boutique investment bank Sansa Advisors to field inbound inquiries and oversee the diligence process.
Small retailers give a ‘hard no’ to Black Friday and the big sales
Dr Dough Donuts boss Kristy Bannister says discount blitzes like Black Friday do more harm than good for smaller retailers by creating “unsustainable” expectations.
Milkrun founder Milham returns to his roots at Koala
Koala co-founder Dany Milham will return to the chief executive role at the online furniture retailer he created in 2015, as it booked an annual profit.
October 2024
Cettire blown way off course as fall in luxury spending dents profits
The ASX-listed online retailer told investors it was weathering a challenging environment, but brokers say it is on track to miss expectations by almost half.
September 2024
Athlete star power drives 600pc rise in undies company’s share price
Step One, a bamboo underwear producer for “bigger blokes”, had a difficult start on the ASX, but a new women’s fitness range has reversed the slump.
Is Cettire having a lend?
Even its most loyal of backers must by now agree this is a very kooky business.
July 2024
Frazis unveils venture capital fund, makes first investments
The Gen Y tech investor has nabbed stakes in a dozen start-ups in tech, health and e-commerce, thanks to $10 million raised from wealthy investors.
June 2024
Online shopping has become a giant fake-product machine
TikTok is better than any other digital platform for turning cult favourites into global bestsellers – and making counterfeiters money.
Cettire quietly enters China’s rocky luxury goods market
The ASX-listed retail platform had flagged the move this year. But it comes as rivals including Yoox Net-a-Porter focus on “more profitable geographies”.
Sleeping Duck wins court battle with biggest investor
Venture capitalist Adir Shiffman had alleged the mattress retailer had sidelined him from the business. The Supreme Court of Victoria threw out the case.
May 2024
Zip’s Larry Diamond returning to Sydney, says US mission accomplished
Diamond says he heeded warnings from James Gorman, setting Zip onto a profitable path in the US, where he expects BNPL to keep winning share off credit cards.
Why Kogan stops interviews with marathon runners to hire them
BOSS sat down with Kogan.com founder Ruslan Kogan just as his share price collapsed by 30 per cent.
April 2024
How supermarket shoppers became part of a $3.8b gold rush
As supermarkets hunt for new sources of revenues in an age of rising costs and narrowing margins, they have stumbled on one of their most valuable assets: data.
March 2024
David Jones pens new tech deal to power $35m fresh revenue
The Anchorage Capital-owned department store has signed up US advertising firm Criteo to help it boost revenue and profitability.
Booktopia vows to do anything to stay afloat
The boss of the book retailer says all options are on the table in a strategic review hastened by a disastrous share price performance.
From nothing to $1b: Inside Temu and Shein’s flying start in Australia
The fast fashion group and Temu, an ultra-cheap marketplace, are rewriting the rules of retailing as shoppers flock to their low-cost platforms.
Customers may hate supermarket anti-theft tech, but investors don’t
Coles share price rise is partly due to its ability to take advantage of tech like artificial intelligence to stop thieves and appeal to more shoppers.