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Ecommerce

The boom in sales and e-commerce during the pandemic has led to big gains for some retail bosses in this year’s AFR Rich List [Video]

SuppliedRuslan Kogan, founder and CEO of Kogan.

  • Some retailers benefited from the boom in sales and e-commerce amid the coronavirus pandemic, according to tomorrow’s AFR Rich List.
  • Ruslan Kogan, founder and CEO of Kogan, saw his net wealth rise to $575 million, putting him back on the Rich List after falling off last year’s edition.
  • Retail baron Gerry Harvey saw his wealth surge by 35% to $2.57 billion.
  • Visit Business Insider Australia’s homepage for more stories.

When the ship steadies from the coronavirus pandemic and we start returning to some semblance of normality, retail is one of the sectors which will change permanently.

The advent of lockdowns and social distancing saw Australians accelerate a long trend toward e-commerce and online retail. According to research by Deloitte, Australia enjoyed a $4 billion e-commerce boom during the pandemic, with online small businesses seeing a boon from the country’s supercharged online spending habits.

Of course, it’s not the small business strivers who end up emblazoned on …

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Ecommerce

Congress Sets Stage for Exiling Chinese Stocks From U.S. Over Audit Dispute [Video]

The House unanimously approved legislation that threatens a trading ban of shares of Chinese companies, such as Alibaba, over concerns that their audits arent sufficiently regulated.

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Ecommerce

ASB MAGAZINE: Two-time world champion surferJohn John Florence, in partnership with Clif Bar, has released a new documentary film Tokyo Rising, through Amazon Prime Video.Tokyo Risingchronicles Florences 2019 professional surfing season and quest to earn a position on the inaugural Team USA Olympic surf team. With Kelly Slater on his heels, Florence is faced with a high-stakes decision five months after reconstructive surgery on his ACL. The battle for Olympic qualification comes down to the Pipe Masters on Oahus North Shore.