Business
Temple & Webster sales, profits surge as spending shifts online – The Australian Financial Review
The online retailer made more profit in the September quarter than it did in all of 2020 as consumers shift their homewares spending online.
However, some investors have been rattled by heavy share sales by Mr Coulter, fellow co-founder and director Conrad Yui and chairman Stephen Heath.
Mr Heath offloaded 150,00 shares 81.5 per cent of his holdings for $1.4 million in an on-market trade in August, but shareholders weren’t told about the sale for more than five-and-a-half weeks. Mr Coulter offloaded 2.1 million shares in August and the ArdenPoint Ecommerce Trust, owned by Mr Coulter and Mr Yui, sold 500,000 shares.
Temple & Web…
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