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Poshmark Files For IPO After Posting Record Profits

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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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Paytm’s Long Walk To Profitability 

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Paytm is perhaps the largest and best-known domestic name in mobile payments in India, but it continues to struggle on the path to profitability. As of its last earnings report, Paytm’s parent firm One97 reported a veritable explosion in losses over the last year, largely driven by the increasing cost of doing business.

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

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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

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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

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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

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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? billion, while profits jumped 29 percent to $7.84 billion in revenue and profits of $5.53 Google parent Alphabet Inc.

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Top News In Payments: Uber Eats Adjusted Net Sales Surge 154 Pct; NYSE Owner Abandons Plans To Buy eBay

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Uber is aiming to deliver a profit by the end of this year by extending its platform model into other businesses, such as freight and food delivery. billion in eCommerce revenue annually by 2022, and buy now, pay later (BNPL) payment options are playing a major role in driving customer conversion and easing financial concerns.