AO World shares rise 14% as retailer raises profit forecast
Kogan.com offered “unprecedented discounting” during the half-year to clear some of that inventory, impacting gross margins for both its exclusive and third-party brands. Feb 28 (Reuters) – Shares of AO World Plc climbed as much as 14% in early trading on Tuesday after the British online electricals retailer lifted its annual profit outlook, as cost-cutting […]
AO World shares rise 14% as retailer raises profit forecast
Kogan.com offered “unprecedented discounting” during the half-year to clear some of that inventory, impacting gross margins for both its exclusive and third-party brands. Feb 28 (Reuters) – Shares of AO World Plc climbed as much as 14% in early trading on Tuesday after the British online electricals retailer lifted its annual profit outlook, as cost-cutting […]