Kogan slices profit forecasts after inventory, shipping issues – Sydney Morning Herald

A slew of supply chain problems and piles of excess stock has prompted online retail giant Kogan to axe its earnings predictions for the current financial year, stunning investors and sending its shares plummeting.
In a trading update released to the market on Friday morning, the billion-dollar listed retailer told its shareholders it had encountered a number of issues, or operational challenges, over the past month which had put significant strain on the business.
Kogan.com CEO and founder Ruslan…

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