Articore Group (ASX:ATG) restructured its e-commerce businesses to combine the two marketplaces' operations after a decline in marketplace revenue, according to a Thursday Australian bourse filing.
The operations were combined under the former chief executive of TeePublic, Vivek Kumar. Following the restructuring, it identified about AU$12 million to AU$14 million of annualized savings to the group's operational expenditure.
For the half-year ended Dec. 31, 2024, it reported a marketplace revenue of AU$230.4 million, falling 12% from the AU$260.4 million in revenue it reported in the year-ago period.
It also launched a new platform, Dashery, which will allow creators to sell print-on-demand merchandise to fans via their own storefronts, according to Articore chief executive Martin Hoskings.
It now expects the group's gross profit after paid acquisition margin to be between 25% to 27%, compared with 24% to 26% previously.
The firm's shares fell over 9% in recent trading on Thursday.
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