“Buy now, pay later” startup Afterpay and payments ssyem company Touchcorp will merge to form a new public company.
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Prinitha is the Editor of Power Retail. She has an editorial background in digital and newspaper publishing, news and sports presenting and reporting, as well as PR in politics. Prinitha is passionate about health and wellbeing, loves adventure and enjoys a bit of retail therapy to complement her personal style.
You told us you wanted a party, and apparently we know how to throw one! In its second year running, the best of the best in Australian e-commerce were honoured at Power Retail’s All Star Bash awards ceremony tonight, held in Melbourne.
Pureplay Kogan.com outperformed in the six months to December 2016, with a net profit after tax of $3.7 million, not only beating its full year prospectus forecast of $2.5 million, but beating rivals Amazon and Alibaba in its dividend payout.
Woolworths is back in the green with the company reporting a promising net profit for the first half at $725.3 million, compared to a loss of $972.7 million last year this time. Heavy discounting has proven to win shoppers back.
A 7-year old girl, Chloe Bridgwater, asked Google for a job and she got a personal response from Sundar Pichai, the company’s CEO!
Alibaba Group has announced a strategic partnership with Chinese retailer Bailian Group, to explore new forms of retail opportunities across each other’s ecosystems.
Last week JB Hi-Fi announced its record half year net profit after tax of $125 million, that’s a 31.7 percent increase. Despite this, analysts are unsure of the retailer’s long term prospects. The company says it will focus more on its online retail store.
New research conducted by Nielsen reveals that 75 percent of Australians aged over 18 are interested to buy from Amazon’s Australian website, with 56 percent likely to buy. Setting up shop in Australia could shake things up!
David Jones presented its half-year financial results last night, with its profit climbing just 1.6% to $106 million. As part of a turnaround plan, the department chain says it will be launching its new online retail store and a sophisticated new loyalty program later this year.
In a global first, Myer teamed up with Twitter to be the first department store anywhere to leverage live 360 video on Twitter, to broadcast its Autumn Winter Fashion Launch, where customers could ‘see now-buy now’ via its online store.