Laybuy boss bullish despite souring sentiment

Laybuy boss bullish despite souring sentiment
Laybuy’s share price has plummeted from listing at A$2.05 to just 56 cents on Thursday.
Dan Brunskill
Kiwi buy now, pay later firm Laybuy has more than doubled its full-year income and says it is on track to reach its target of $1 billion gross merchandise product.Laybuy increased its revenue by 138% to $32.6 million as it clipped the ticket on $589m worth of sales transacted through its platform, or gross merchandise value.But it reported a $41.3m loss, widening from the previous financial year when it posted a $16.1m loss.Managing director Gary Rohloff’s (pictured above) message to investors is that there is more where that came from, d...

More Retail

Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024
Warehouse pares back further amid NZ retail reckoning
Retail

Warehouse pares back further amid NZ retail reckoning

The Warehouse Group has announced it intends to drop TheMarket.com.

Gregor Thompson 20 Mar 2024