Business
Kogan slices profit forecasts after inventory, shipping issues – Sydney Morning Herald
A slew of supply chain problems and piles of excess stock has prompted Kogan to axe its earnings predictions for the current financial year, stunning investors…
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…
-
Noosa News5 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News12 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
General11 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News11 hours agoDetectives continue to search for answers on Crystal Beale’s death