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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.
As Victoria emerges from lockdown today, consumer confidence remains lower than normal - dropping by a further 3.6pts to 100.7.
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.
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.
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.
Online marketplaces Amazon, Kogan, Catch and eBay are going under the microscope by the ACCC as the online landscape continues to develop and grow.
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.
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.
A potentially game-changing development in the BNPL market is underway, as PayPal launches the country's only BNPL service with no late fees.
Even as Sydney faces its third week of lockdown, consumer confidence remains steady at 110.0.
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.