Mighty Ape proves worth as Kogan flounders

Gracie MacKinlay took over as CEO of Mighty Ape from founder Simon Barton in June of this year. (Image: Supplied)

Tue, 23 Aug 2022

Mighty Ape earned its stripes in its first full reporting year as a subsidiary of Australia's Kogan Group, accounting for 21.2% of its parent’s gross profit for the financial year ended June 30, 2022.The online-only retailer, which was bought by Kogan in 2021 for A$122.4 million (NZ$136.3m), posted a net profit of A$7.3m for the period out of a gross profit of $39.1m.Mighty Ape’s revenue for the period was A$163.4m, 22.7% of Kogan’s overall A$718.5m revenue.By comparison, Trade Me’s marketplace revenue in the June 20...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}