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Afterpay Acquired by Square for $39B

Square is acquiring Afterpay for $39 billion. CEO, Jack Dorsey, says Square and Afterpay both have a 'shared purpose' and plans to integrate Afterpay into Square's Seller and Cash App business units. 

Power Retail By Power Retail | 02 Aug 2021
Consumer Confidence Remains Uncertain with Ongoing Sydney Lockdown

As Victoria emerges from lockdown today, consumer confidence remains lower than normal - dropping by a further 3.6pts to 100.7.

Power Retail By Power Retail | 28 Jul 2021
Temple & Webster Profits Climb as Online Growth Continues

Online retailer, Temple & Webster, is reporting a 'record year' for revenue, customers and profit in its full-year results. The growth is underpinned by the increase in repeat customers and the ongoing development of e-commerce.

Power Retail By Power Retail | 27 Jul 2021
MyDeal Reports Stable Annual Growth, Share Price Remains Rocky

MyDeal is placing itself 'fairly and squarely' and is 'growing significantly faster' than the online marketplace landscape, as it reports a 12.4 percent increase in its Gross Sales. 

Power Retail By Power Retail | 27 Jul 2021
City Chic Acquires European Plus-Size Online Marketplace

City Chic has acquired 100 percent of the shares of European plus-size online marketplace, Navabi, for $9.6 million. This acquisition includes all assets and liabilities of the company.

Power Retail By Power Retail | 26 Jul 2021
Brand Collective Snapped Up by LK Group

Brand Collective has a new owner. LK Group has acquired the Superdry, Hush Puppies and Shoes&Sox house for an undisclosed amount. 

Power Retail By Power Retail | 23 Jul 2021
Kogan, eBay, Amazon and Catch Under Investigation from ACCC

Online marketplaces Amazon, Kogan, Catch and eBay are going under the microscope by the ACCC as the online landscape continues to develop and grow.

Ally Feiam By Ally Feiam | 22 Jul 2021
Consumer Confidence's Sharp Drop Resembles 2020 Levels

Australian consumers are feeling the weight of ongoing lockdown, Roy Morgan has reported. Consumer confidence is experiencing its sharpest dip since March 2020, when the first lockdown measures were announced in Australia. 

Power Retail By Power Retail | 20 Jul 2021
JB Hi-Fi Online Sales Up 78.1% but Warns of Lockdown Headwinds

JB Hi-Fi is smashing expectations out of the park, reporting a two-year increase in profits. But the retailer is warning its investors of a few disruptions in July as multiple states lockdown. 

Ally Feiam By Ally Feiam | 20 Jul 2021
Is PayPal's No-Fee BNPL a Game Changer? We Asked the Experts

A potentially game-changing development in the BNPL market is underway, as PayPal launches the country's only BNPL service with no late fees.

Power Retail By Power Retail | 15 Jul 2021
Consumer Confidence Remains Steady as Lockdowns Continue

Even as Sydney faces its third week of lockdown, consumer confidence remains steady at 110.0.

Power Retail By Power Retail | 14 Jul 2021
THE ICONIC Increases its Speedy Delivery to Saturdays

THE ICONIC is taking its role seriously as the leader for speedy delivery. The online retailer is introducing same-day Saturday twilight delivery, but there's a catch. 

Power Retail By Power Retail | 08 Jul 2021