Booktopia has revealed that soft demand and a transition to a new facility has had adverse effects on sales revenue. Booktopia has released a trading update that reveals the online bookstore has had significantly reduced sales YoY. “Following the conclusion of the second quarter which traditionally delivers the largest proportion of the Company’s annual profit, results were … [Read more...] about Booktopia Reports Record Low
Booktopia revenue
Booktopia Reports Loss Of $29 Million This Year
Image credit: holmanwebb Booktopia, the Australian online bookstore, has recently reported a full-year loss of $29 million this year. The retailer calls it a challenging year, attributing the loss to the hard economic climate as well as the impacts of its transition to the new customer fulfillment center (CFC). The online retailer reported that its revenue was down 18% in … [Read more...] about Booktopia Reports Loss Of $29 Million This Year