From Roosters to Feather Dusters, Most of ANZ’s eCommerce Vendors Have Been Having a Shocker. When Will They Crow Again?
Pandemic online shopping boom fizzles out in Australia and New Zealand! With restrictions lifted, consumers are flocking back to brick-and-mortar stores.
The article explores the struggles of ASX-listed eCommerce retailers like Booktopia, Temple and Webster, Adore Beauty, and Kogan. Their revenues significantly dropped as customers returned to in-store shopping. Rising interest rates and fuel costs further squeezed their profits.
There might be a silver lining though. As companies adjust to the post-pandemic landscape and optimize their operations, profitability may return. Download the PDF for in-depth analysis, financial results of ASX-listed retailers, and insights from industry experts.