Having raised $40 million from their IPO which would give Mydeal.com.au (ASX: MYD) an implied market capitalisation of $258.8m, investors that missed out on the IPO offer have hit the ASX boards in droves to open MYD shares at $1.80, a rise of 80% on their $1 IPO Offer Price. The demand for MYD shares
Read MoreTech and eCommerce company Crowd Media (ASX: CM8) is forging ahead with their vision of conversational commerce by securing equity in a vital tech partner that develops visual projections which, when coupled with Crowd’s artificial intelligence, can deliver the ‘Holy Grail’ of influencer marketing. The $365k investment in Forever Holdings will give Crowd Media 8%
Read MoreThe rapidly changing retail landscape continues to evolve through COVID-19, with consumers now having little qualms buying goods online that traditionally had to be bought in-store. Jewellery in particular has met this trend as evidenced by retail jeweler Michael Hill (ASX: MHJ) which has reported a 54.5% increase in digital sales and the launch of
Read MoreIf you have been listening to some analysts, Australian specialty retail is dead in the water; Customers are apparently all shopping online with large overseas mega-retailers. However, some specialty retailers are apparently bucking the supposed trend. Enter Adairs (ASX: ADH), who with yesterday’s earnings report, reminded Australian investors that there are still gems to be
Read MoreAustralians and Kiwis are likely to be very comfortable at home through pandemic isolation if the record sales of homemaker retailer Adairs (ASX: ADH) are an indicator, with the Company’s online sales up 110.5% for FY20. Although the pandemic caused closures of their retail stores across Australia and New Zealand for a few months, Adairs
Read MoreShoppers engaging in retail therapy despite the spectre of even more serious job losses and mounting evidence the virus is far from vanquished. According to the Australian Bureau of Statistics, retail sales rose 2.4 per cent for the month of June, to $29.7 billion. This was an 8 per cent rise on the previous June
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