The surf is not looking good for Surfstitch with the company posting an $8.3 million loss in its half year results to December 2016, with more to follow in the fiscal year.
Australia Post has announced that Ahmed Fahour has resigned as managing director and group CEO and will step down from the role in July 2017. The company is now looking for a new frontrunner to develop it into an international e-commerce player.
“Buy now, pay later” startup Afterpay and payments ssyem company Touchcorp will merge to form a new public company.
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 held in Melbourne.
Australia Post today reported a profit before tax of $197 million for the six months ended 31 December 2016, with 100 percent of its profits derived from commercial activities in parcels and e-commerce.
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.
Alibaba Group has announced a strategic partnership with Chinese retailer Bailian Group, to explore new forms of retail opportunities across each other’s ecosystems.
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.