"Its a business that almost runs itself."
No, it is an online retailer of various products and services. This requires significant judgement, such as how much of what inventory to buy.
As you may recall, KMP dropped the ball big time when they bet the covid goods boom would continue longer.
Retail is not easy. Kogan first and a large customer database help, but it doesn't really have some kind of moat that locks customers in to future purchasers.
Retail sales data was out this week, discretionary consumers goods are in decline.
On a side note, Bapcor released a shocker of an update today, the retail division (automotive) was its weak point.
Ann: Kogan.com - April 2024 Business Update, page-65
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