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.
On 16 February 2017 the Australian Government introduced the Treasury Laws Amendment to the GST Low Value Goods Bill 2017 into Parliament. This will affect online retailers, who will need to work out how the rules affect them.
A group of Australian and New Zealand retail executives gathered at the Australian High Commission in London last night to celebrate their combined success since launching their brands in the UK, including Kikki.K, Typo and RM Williams.
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.
With plans to expand its international footprint more in 2017, apparel retailer Cotton On says it has strategies in place to improve its online shopping platform further, following its recent implementation of a number of enhancements.
Vinomofo says it has been overwhelmed following its launch in Singapore two months ago. Its strategy is to launch in more markets faster, and get a foothold overseas, but Singapore has completely taken the company by surprise.
As online retailers we are more like alley cats, able to flex and react at speed when interventions are required, to ensure prosperous nine-life innings. We have developed some sharp street smarts, no doubt about it. But sometimes, some of us are seduced to the dark side.
Whether you’re a startup or looking to further expand your already successful e-commerce business, one thing’s is for sure – focusing on daily wins and goals leads to kicking those bigger goals. And how you start your day could be the key to setting you up for failure or success.
Erica Stewart, founder and CEO of giftware online retailer Hardtofind, shares some of her top tips how to thrive as a pureplay online business, including putting your customer first and expanding the online experience offline.
Think I,Robot, where Will Smith and our human race co-exists in a world with machines, or to get even more dramatic about it, Terminator. Those movies of a futuristic world, where you watched people and robots blending together is about to get more real.