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Amazon Expects To Expend All Of Q2’s Profit Fighting COVID-19

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forecast pre-release. For the quarter to come, Amazon is forecasting net sales to come in between $75 billion and $81 billion, which would put its year-on-year growth between 18 percent and 28 percent. That pick-up, however, will be offset largely by an operating loss range of $1.5 Amazon clocked in with earnings of $5.01

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H&M’s Ambitious Expansion Plans

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Despite reporting quarterly losses, it seems H&M is bent on getting bigger. The Sweden-based fast-fashion mega firm claims that currency headwinds pushed their profitability losses to the 30 percent range in Q1, and that undaunted they will continue to aggressively forge forward in opening online and physical stores.

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Casper Expects IPO Valuation To Fall Far Lower Than $1B

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eCommerce mattress merchant Casper Sleep Inc. forecasts that its initial public offering (IPO) valuation will be far under the approximate $1 billion it had for its most recent funding. Public market investors have historically expected firms to make a profit within around 18 months of an offering. million in 2018 and $73.4

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Shipping Company XPO Refinances $1B After Amazon Pulls Business

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XPO Logistics, one of the world’s largest transportation and warehouse operation companies, is looking for a buyer for $1 billion worth of bonds to refinance its debt following the loss of its biggest customer, which Wall Street analysts say is Amazon. XPO plans to use the bonds to pay back creditors through a credit agreement, and the 5.5-year

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Carvana Used Car Sales Up 120 Percent In First Quarter

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Carvana, the eCommerce platform for buying used cars, announced Tuesday (June 6) its first quarter results, which showed it sold 8,334 cars, an increase of 120 percent. million, up 118 percent, and total gross profits were $9.7 million, up 118 percent, and total gross profits were $9.7 Caravana reported a net loss of $38.4

Sales 43
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Grocery, Online Drive Blockbuster Q2 For Walmart

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We’re pleased with how customers are responding to the way we’re leveraging stores and eCommerce to make shopping faster and more convenient. percent to $128 billion, well ahead of analyst forecasts of $125.9 Walmart reported a net loss of $861 million (29 cents a share) for the quarter end on July 31, compared with a net income of $2.9

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Amazon Surges On Wall Street Beat

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Eight straight quarters of profits seem to have finally shaken off its reputation for being the world’s most successful company that failed to post a profit after 18 years in business. Sales in the eCommerce core business were up 23 percent year-over-year and retail subscription services (mostly Amazon Prime) were up 49 percent at $1.94