As Australia’s largest online bookseller struggles to forge a viable business model,many independent booksellers have found ways to thrive.
As its chief executive resigns,the online bookseller has arranged $1 million in emergency financing in an effort to stay afloat.
The consumer watchdog took the online bookseller to court in 2021 after it told shoppers they had to notify the company of faulty orders within two days for refunds.
Australia’s largest online book retailer announced cost cuts on Monday,aimed at saving at least $12 million,as it aims to turn the page on its performance.
Corporate Australia battled a much harder economic landscape than it expected during the year,but most attention was on board stoushes,hackers and a big move by the Big Australian.
It’s time for struggling online retailer Booktopia to open a thrilling new chapter.
The founder of the nation’s largest bookseller pledged not to return as CEO but says he will be deeply involved in the appointment of a new board and CEO for the struggling online bookseller.
Booktopia’s ousted chief and founder,Tony Nash,is planning to remove the directors who removed him from the company last month.
Tony Nash was sacked this week amid the fallout of an investigation by The Age and Sydney Morning Herald into how the group fell out of favour with the investment community.
The depature comes after an investigation by The Age and The Sydney Morning Herald revealed how the group had fallen out of favour with investors.
Tony Nash,the founder of the country’s biggest online bookseller took to the social media platform LinkedIn to respond to an article in The Age and Sydney Morning Herald that delved into the problems the company is facing.