Remove eCommerce Remove Economics Remove Numbers Remove Profit and Loss
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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.

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eCommerce Eroding Traditional Retail Metrics

PYMNTS

The study is a companion piece to a May 2016 study that found that efforts to beef up digital commerce capacity were both eroding in-store sales and eating up profitability. Retailers must take action now to address these issues, which are not economically sustainable.”.

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Study: eCommerce Continues To Drain Brick-And-Mortar

PYMNTS

We know that eCommerce is taking away from brick-and-mortar sales; a new study has revealed the details on just how big a bite that’s becoming. Retailers need to recalibrate and fine-tune their economic business models to reflect today’s new variable cost-oriented online model.

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Q3 Ad-Buying Rebound Bodes Well For Holiday Sales

PYMNTS

Are media buyers burning through budgets at the last minute just to preserve them for a better shot next year, or will the ad rebound collectively help recoup 2020 losses with holiday sales? did strong Q3 numbers, with PYMNTS reporting that “Alphabet said search and other advertising revenues rose 6 percent year over year to $26.3

Sales 70
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Survival Mode: Fashion Retailers Slash Prices

PYMNTS

For example, Thinknum , which tracks eCommerce retail, found that in January, Lululemon had 1,060 items on sale. According to Edited , the number of new styles posted by U.S. Saks: 10 percent base discount with selected items at 70 percent off. Even brands that are usually immune to discounting have had to play. In the U.K.,

Retail 58
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Carvana Posts 13 Pct Hike In Revenue Over 2019

PYMNTS

The revenue is an increase of 13 percent from last year, and the number of cars sold is an increase of 25 percent year over year. The company’s total gross profit in Q2 was $150 million, a 9 percent increase, and the net loss sat at $106 million, an increase of 66 percent, the letter stated. ”