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Financial Archives

Allbirds to launch IPO with US$2 billion valuation

Allbirds has not yet disclosed the date of its IPO, but it is expected to list at the end of this year.

In Ocado’s world, the rise of the machines is unstoppable

It has already struck deals to provide its technology to supermarket groups in eight countries including the United Stat...

Love, Bonito raises US$50m to fuel international expansion

Womenswear brand Love, Bonito is expanding into new categories and international markets as it seeks to become an ecosys...

Tough start to FY22 ends JB Hi-Fi’s run of strong growth

The electronics group’s new chief executive, Terry Smart, said that the start of the year had been significantly impacte...

Countdown owner suffers “challenging” quarter, eyes Christmas trade

Sales at Countdown rose 9.7 per cent during the quarter, while sales in Australian supermarkets rose only 3.9 per cent.

New report examines the value of customer reviews in e-commerce

Though there is a sense of distrust of the internet as a reliable source of truth, customers still value online reviews....

PayPal says it is not pursuing Pinterest acquisition

it was reported that the payments behemoth had offered to buy digital pinboard site Pinterest for $45 billion.

Super Retail suffers lockdown sales slump

However, with states now exiting lockdown, the business remains hopeful for the holiday period.

PayPal preparing US$45 billion bid for Pinterest

PayPal has offered $70 per share, mostly in stock, for Pinterest, one of the sources said.

Kogan’s first quarter signals recovery from difficult FY21

Quarterly sales grew 21 per cent year on year to $330.5 million, driven by Kogan First memberships, Kogan marketplace an...

Business groups unite to push Government for better support measures

“We are seeing business closures, job losses, growing debt and health and wellbeing impacts on business owners, staff an...

Are you ready? Revenge spending is on its way

Shoppers under lockdown conditions in Australia’s two largest cities developed some serious pent up purchasing intent.

Collins Foods strengthens foothold in the Netherlands with KFC

Following the acquisition of a further nine KFC restaurants in the Netherlands, Collins Foods leans into a universal tre...

Fashion firm Rent the Runway aims for nearly $1.3bn valuation in US IPO

Rent the Runway plans to sell 15 million shares priced between $18.00 and $21.00 apiece in its IPO.

Hugo Boss raises 2021 outlook after strong third quarter

Renewed Covid-19 related restrictions, including temporary store closures, weighed on consumer sentiment in various key ...

Not so fast! Supply bottlenecks strain fashion chains

Supply bottlenecks, slower product deliveries and higher freight and labour costs risk shifting the fast fashion industr...

Luxury giant LVMH’s third-quarter sales up by 20 per cent

Revenues for this business at the end of the quarter were 38 per cent above their pre-pandemic, 2019 level, the same rat...
City Cave

City Cave eyes post-lockdown trans-Tasman expansion

City Cave aims to add an additional 15 centres in the first half of next year.

Michael Hill’s digital sales buoy jeweller through first quarter

Michael Hill has seen online sales spike 58 per cent in its first quarter of FY22 compared to the same time last year, w...

How Kulani Kinis is thriving in overseas markets

Australian swimwear label Kulani Kinis is having success in global markets, but has had to learn a few hard lessons abou...