Kogan.com’s misleading ‘tax time savings’ ads cost the company a $350,000 fine

- December 7, 2020 2 MIN READ

A marketing campaign by Kogan.com that the Federal Court declaring “false and misleading” has cost the online retailer $350,000 as well as legal costs. Competition regulator the ACCC launched legal action against Kogan.com last year over the 2018 “tax time savings” alleging that the company increased prices on 621 products, in most cases by at… Read more »

News & Analysis

Kogan.com sales and profits are up 40% in a covid boom, but its shares are down after missing expectations

- August 17, 2020 2 MIN READ

Gross sales of $768.9 million, up 39.3% on FY19 Revenue of $497.9 million, up 13.5% Gross profit of $126.5 million, up 39.6% Adjusted EBITDA of $49.7 million, up 57.6% NPAT of $26.8 million, up 55.9% Active Customer base of 2,183,000, up 35.7% Fully franked final dividend of 13.5 cents per share, up 64.6% Final dividend… Read more »

News & Analysis

Online retailer Kogan.com is being sued by consumer watchdog the ACCC over false discounts claims

- May 23, 2019 2 MIN READ

 The Kogan.com promotion the ACCC alleges was misleading. Internet entrepreneur Ruslan Kogan’s online retail empire has fallen foul of consumer watchdog the ACCC (Australian Competition and Consumer Commission), which is suing the business over false or misleading conduct claims, alleging Kogan increased prices ahead of a discount sale. The ACCC has launched Federal Court action… Read more »