Retail

Online Retailer Goes Into Administration After Sales Plummet

A popular online fashion and homeware Australian-owned retailer, EziBuy has recently entered administration due to a significant decline in sales.

Online Retailer Goes Into Administration After Sales Plummet
Retail

Online Retailer Goes Into Administration After Sales Plummet

A popular online fashion and homeware Australian-owned retailer, EziBuy has recently entered administration due to a significant decline in sales. Owned by ASX-listed Mosaic Brands, EziBuy experienced a 51% drop in sales during the first half of the 2022-23 financial year. This downturn stands in stark contrast to the overall growth of Mosaic Brands’ other businesses, which saw a 23% increase in online sales revenue during the same period.

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