Friday Kogan News Today

Along the way, some lockdown heroes have been crunched at the first sign of a return to normal crimping their earnings, or at least had a slip of the halo.

Kogan downgrades, hit by growth pains Share Online retailer Kogan.com has slashed its outlook pointing to its rapid growth during the past year which resulted in a miscalculation of inventory and higher warehousing costs. A key issue as a result of the surging demand amid COVID-19 has been managing inventory levels to support rapid growth of the company. Over the first half of fiscal 2021, Kogan.com effectively doubled in size as consumers shopped online, and resulted in the company significant...