
Tough trading conditions in its core Australia market hit MySale in the six months to 31 December, the London-listed online fashion and lifestyle retailer has admitted.
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Tough trading conditions in its core Australia market hit MySale in the six months to 31 December, the London-listed online fashion and lifestyle retailer has admitted.
MySale Group announced non-exec director Mark Bayliss has resigned with immediate effect. The fashion and lifestyle retailer linked his departure to the withdrawal of a proposed listing on the Australian Stock Exchange.
MySale has a new chief executive who’s stepping up at a time when the online international fashion and lifestyle retailer’s targeting an Australian listing and is “positioned for strong growth in FY22 and beyond”.
Big operational changes at MySale have borne fruit. The online fashion and lifestyle retailer's shift to an Australia/New Zealand focus while scaling the business to a new marketplace seller platform has worked well.
Success in its ongoing transition to an Australia/New Zealand-focused business continues apace for London-listed international online retailer MySale Group.
Good looking back, good looking forward. That’s pretty much the assessment of online fashion retailer MySales’ six-month trading update released Friday.
Profitable and debt-free are two elements to any results statement worth opening with in Covid-crushed times like these. So it’s little wonder Australia-based e-tailer MySale Group was in an upbeat mood Thursday.
Shares in online retailer MySale rose 28% on Thursday morning after the group revealed that the founders of one of Australia’s most successful e-commerce players have become substantial shareholders.
Half-year results for MySale Group on Wednesday looked weak. But the firm also said it’s been boosted by current market volatility with more product available to it and more brands wanting to sell via its marketplace.
MySale has hired Mats Weiss as its new chief financial officer after posting lower sales and an underlying EBITDA loss in January.