Today
Temple & Webster bucks retail slump, shares soar
The online furniture retailer’s shares jumped 26 per cent after it achieved almost $500 million in sales in a soft market by winning market share.
- 1 hr ago
- Carrie LaFrenz
This Month
Crowded field down to one as Booktopia emerges with new owner
DigiDirect, a privately held electronics retailer, has all but won a McGrathNicol-led sale process, which kicked off when the bookstore collapsed in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Nick Molnar to step up at Block, will report to Jack Dorsey
On the three-year anniversary of Afterpay’s blockbuster sale to Block, its founder Jack Dorsey has promoted Nick Molnar to head of sales.
- James Eyers
July
- Investigation
- Cyprus Confidential
Importers got rich on COVID masks; the shipment’s still on the dock
When COVID-19 erupted around the world, the race was on to secure masks and gowns. Middlemen were in lucrative taxpayer deals, even one which went awry.
- Liam Walsh and Neil Chenoweth
Resurgent Zip raises cash and pays big break fee to eliminate its debt
Zip has indicated it will push the accelerator on growth in the United States despite regulators investigating whether it has violated consumer protection laws.
- James Eyers
EBOS chews over Quadrant’s pet food biz Prime100
Quadrant has brought in Houlihan Lokey for the strategic review of Prime100 which is a supplier to Greencross’ Petbarn retail chain.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Retail Winner
- Sustainability Leaders
Customers love this cool solution to getting rid of old fridges
Winning Group brand Appliances Online has stopped 80,000 tonnes of electronics and appliances from being dumped in landfill, earning the company top spot in the Retail category.
- Gus McCubbing
- Opinion
- Mergers & acquisitions
Adore Beauty acquisition is a great deal … for the other company
Adore Beauty’s $25m purchase of Aussie brand Ikou doesn’t come cheap, and poses questions about whether it has overpaid, and used up too much of its cash.
- Adir Shiffman
June
- Opinion
- Chanticleer
Cettire’s 50pc crash a story of life in the fast lane
Cettire founder Dean Mintz will push on; that’s what founders do. While he looks at China, the capital markets game rages.
- Anthony Macdonald
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.
- Amanda Mull
- Updated
- Payments
RBA flags BNPL fee crackdown in broader probe into credit cards
The central bank’s head of payments says it will launch a review of regulations as soon as it is handed the power to do so under new legislation in parliament.
- Updated
- James Eyers
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.
- Tess Bennett
Apple to drive iPhone users towards buy now, pay later loans
The global technology giant will upgrade Apple Pay to bring buy now, pay later-style payment options to the point of sale. ANZ is the first major bank to join up.
- James Eyers
Retail’s secret solution to the problem of endless returns
“Just keep it” refunds are now common in the United States, where the annual retail value of wrong-sized or unwanted goods is almost $US1 trillion.
- Joe Miller
May
PetO snares stores from Woolworths-backed pet group
The supermarket giant’s long-running process to buy PETstock completed the last competition hurdle with privately held PetO swooping in to acquire some sites.
- Carrie LaFrenz
Membership crackdown could hurt Kogan.com’s ‘north star’
Investors are betting regulation changes to lucrative membership programs will hurt the retailer’s major profit driver at a time earnings are already under pressure.
- Carrie LaFrenz and Tom Richardson
Prezzee co-founder quits Shaun Bonett-owned gift card company
Claire Morris is leaving the group, and resigning as its brand ambassador. It follows a string of senior executive departures in the last 18 months.
- Primrose Riordan
Cettire founder makes rare appearance to talk up retailer’s growth
The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
- Carrie LaFrenz
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.
- Patrick Durkin
April
One of Cettire’s most prominent backers has sold out entirely
LHC Capital was talking up the ASX-listed luxury retail platform’s prospects a few months ago. Now it has told investors it has sold out.
- Joshua Peach
