SLI changes strategy as retailers resist multiple e-commerce implementations, costs

Tue, 22 Aug 2017

By Pattrick Smellie Aug. 23 (BusinessDesk) - Christchurch-based e-commerce accelerator SLI Systems is undertaking a major change in sales strategy as it battles for market share among retailers whom it says are increasingly resisting the costs and logistics of deploying numerous technologies at once. The company announced a $1.6 million loss for the year to June 30, widening a loss of $162,000 last year, but says it has $5.6 million in cash on hand, just $400,000 less than it held at the beginning of last year and "directors remain confi...

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