PYMNTS

JANUARY 5, 2020

Indian unicorn startup InMobi reported a net loss of ?54 Earlier, InMobi reported a 2017 net profit of ?11.87 and China where it operates — but it didn’t show any profit after that initial maiden profit. Other Indian unicorns include eCommerce platform Udaan and mobile messaging app Hike. 440.53, up from ?351.3

Profit and Loss 52

Profit and Loss Advertising B2C Startups 52

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JULY 3, 2019

Walmart’s eCommerce division is projecting losses of $1 billion in its bid to catch up with Amazon, which is causing tensions between the leader of the division and Walmart U.S. billion) in attempts to compete, but it hasn’t helped profitability. Walmart has previously said it was anticipating the losses from the division.

eCommerce 46

eCommerce Profit and Loss Sales Planning 46

PYMNTS

SEPTEMBER 11, 2019

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.

Profit and Loss 46

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PYMNTS

APRIL 28, 2020

In China, JD.com, the country’s largest eCommerce site, is selling the iPhone 11 with 64GB for 3,299 yuan or $466 — a discount of 2,200 yuan, a whopping $310, or 40 percent off its original price of a few months ago. Apple Inc.’s s discounts couldn’t come at a better time. Analysts say the reopening Apple’s stores in China while its U.S.

Profit and Loss 52

Profit and Loss Sales eCommerce Accounting 52

PYMNTS

JULY 2, 2020

Bezos noted that the added costs for the eCommerce giant will likely equal the amount of money Amazon would have expected to have earned profits in typical times. Amazon Founder and CEO Jeff Bezos told investors that he expects to spend $4 billion in added costs in the second quarter alone.

Retail 52

Retail eCommerce Finance Sales 52

PYMNTS

FEBRUARY 6, 2019

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.

eCommerce 53

eCommerce Profit and Loss Securities Entertainment 53

PYMNTS

OCTOBER 27, 2016

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. The expansion in the numbers of stores is also lowering sales-per-store figures, and selling online is incredibly expensive for retailers.

eCommerce 63

eCommerce Retail Profit and Loss Sales 63

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AUGUST 3, 2018

Amazon’s early days in Australia are not all smooth sailing as the eCommerce giant seeks to gain a foothold down under. According to official filings, Amazon posted a slight loss in its early Australian days. billion in quarterly profit. million in retail sales, just a piece of the AU$26.3 billion earned that month.

Profit and Loss 40

Profit and Loss Advertising Forecasting Retail 40

PYMNTS

NOVEMBER 14, 2019

billion expected, though most analysts agreed the miss was balanced out by Walmart’s higher than expected eCommerce growth of 41 percent during the third quarter of the year. We’re committed to progress and building a larger, healthier eCommerce business. Sales were slightly below expectations, coming in at $127.99 billion vs. $128.65

eCommerce 50

eCommerce Profit and Loss Retail Sales 50

PYMNTS

MARCH 13, 2019

Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). Though Jumia has not turned a profit so far, the company generated €93.8 However, its losses widened, with a negative EBITDA of €120 million. Reports confirmed the news via U.S.

eCommerce 51

eCommerce Profit and Loss Startups Valuation 51

PYMNTS

MAY 1, 2020

That pick-up, however, will be offset largely by an operating loss range of $1.5 We are inspired by all the essential workers we see doing their jobs — nurses and doctors, grocery store cashiers, police officers, and our own extraordinary front-line employees,” he wrote. billion to an operating income of $1.5

Profit and Loss 61

Profit and Loss Forecasting Entertainment Sales 61

PYMNTS

APRIL 4, 2019

Tencent Holdings is buying over 1 billion shares of Hong Kong-listed eCommerce platform Youzan. So far, Hangzhou-based Youzan has yet to turn a profit. In fact, it posted a loss of $839.4 According to DealStreetAsia , the deal will give Tencent a 6.7 percent stake in Youzan. HK ($0.068 USD) a piece.

eCommerce 51

eCommerce Profit and Loss Restructuring Investments 51

PYMNTS

OCTOBER 5, 2016

Trunk Club has been counted as one of the bigger eCommerce winners of late, as it managed its exit via a $350 million acquisition by Nordstrom. Further announced measures to increase the margins on eCommerce sales are limiting online offerings to include only best-selling items and to improve its supply chain.

eCommerce 65

eCommerce Profit and Loss Sales Retail 65

PYMNTS

OCTOBER 1, 2019

In addition, millennials are more likely to report fraud losses on scams that promise to fix debt-related problems or that promise money through jobs, investments or business opportunities. The average loss was $600. However, millennials have reported losing nearly $450 million to fraud in just the past two years.

Profit and Loss 59

Profit and Loss eCommerce Advertising Investments 59

PYMNTS

JULY 24, 2019

United Parcel Service (UPS) is reporting that its Next Day Air and Ground services have been in such high demand that it boosted the company’s quarterly profits, according to a report by CNBC. Abney said that many competitors saw a loss in their own second-day air business because of UPS’s Next Day Air. per share. percent to $18.05

Profit and Loss 43

Profit and Loss Investments eCommerce 43

PYMNTS

MAY 4, 2016

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.

eCommerce 43

eCommerce Profit and Loss Retail Sales 43

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AUGUST 5, 2020

Analysts at Refinitiv, the London-based global provider of financial market data, had predicted a 5 cent loss. Square’s net loss for the Q2 was $11 million on a GAAP basis. Its Cash App , which competes head-to-head with PayPal’s Venmo , was the key factor that drove Square’s profitability in Q2. Wednesday (Aug.

Profit and Loss 87

Profit and Loss GAAP eCommerce Sales 87

PYMNTS

OCTOBER 30, 2020

Sportswear giant Under Armour reported a third-quarter profit of $38.9 Patrik Frisk, president and CEO of Under Armour, told The Baltimore Sun that the company is focused on returning to profitability and is planning to invest in eCommerce and company-owned retail outlets. . The deal is valued at up to $345 million.

Sales 87

Sales Profit and Loss eCommerce Retail 87

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FEBRUARY 16, 2020

Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

Profit and Loss 67

Profit and Loss Valuation Investments CFO 67

The Charity CFO

OCTOBER 13, 2023

When liquidation takes place, more often than not the corporation would be at a negative or loss on the resale of office chairs. On for-profit books, by reducing tax liability (assets) the business can ultimately pay less in taxes at the end of the year, which will increase their net (loss) of income.

Nonprofit 97

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PYMNTS

NOVEMBER 15, 2019

The first big news over the wires was official confirmation that the eCommerce giant will open an Amazon branded grocery store next year in California. Loss of the Week: Nike Says So Long to Amazon . The move ends a two-year eCommerce partnership between the two brands. Worry of the Week: Buttressing the Full eCommerce Offering.

eCommerce 46

eCommerce Profit and Loss Sales Retail 46

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MAY 5, 2020

Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The increase in sales figures and online shoppers is in line with the overall eCommerce industry’s growth. The company’s net loss, however, grew to $285.9 million, compared with a net loss of $200.4

Sales 52

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PYMNTS

NOVEMBER 17, 2020

Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 Despite being one of China’s largest shopping platforms, Pinduoduo has yet to turn a profit. Last week, the company reported a third-quarter net loss of $115.6 billion to invest in its one-day delivery service of farm goods across China, among other projects.

Profit and Loss 90

Profit and Loss Manufacturing Investments eCommerce 90

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MAY 27, 2020

FedEx has been seeing an upheaval of its business and may have to tap into debt to make up for the dearth of the usual high-profit business shipments. The Memphis-based delivery company has instead seen a massive upswing in low-margin personal home deliveries as people start to shift to eCommerce during the pandemic.

Profit and Loss 86

Profit and Loss eCommerce B2B Finance 86

PYMNTS

AUGUST 23, 2018

The core eCommerce business showed robust growth, while the company still seeks diversification away from that line, which includes online retail sites Tmall and Taobao. Though not explicitly broken out in filings by Alibaba, The Wall Street Journal estimated that pre-tax profit at the unit slumped to 2.4 Moving Beyond eCommerce.

eCommerce 40

eCommerce Profit and Loss Entertainment Retail 40

PYMNTS

FEBRUARY 16, 2020

Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

Profit and Loss 56

Profit and Loss Valuation Investments CFO 56

PYMNTS

AUGUST 3, 2016

Office Depot came to the plate with its announced profit for Q2, $210 million — a big step up from the $58 million in losses they were reporting during Q2 2015. Though the B2B eCommerce market will swell to $1.13 The effort has seen 400 stores shuttered, with 300 more scheduled for the block in the next three years.

Profit and Loss 40

Profit and Loss B2B Sales eCommerce 40

PYMNTS

JANUARY 27, 2020

eCommerce mattress merchant Casper Sleep Inc. Public market investors have historically expected firms to make a profit within around 18 months of an offering. Public market investors have historically expected firms to make a profit within around 18 months of an offering. The eCommerce mattress merchant said it lost $92.1

Valuation 56

Valuation Profit and Loss eCommerce Forecasting 56

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DECEMBER 4, 2020

The pet retail chain is also moving towards profitability after net losses the past two years. It has also narrowed its losses by 77 percent to $20.3 Petco has invested $300 million over the past three years to renovate, launch an eCommerce site and implement a full-service veterinary hospital network. percent this year.

Profit and Loss 66

Profit and Loss Valuation Sales Retail 66

PYMNTS

MAY 11, 2017

The online home goods retailer also beat out earnings per share estimates by $0.10, posting a loss of $0.48 That Lingering Profit Problem. They are showing no path toward profitability whatsoever,” Left said. It has never turned a profit, and net losses were up – not down, in Q1 2017 – clocking in at $56.5

Profit and Loss 40

Profit and Loss Retail Advertising Budgeting 40

PYMNTS

SEPTEMBER 11, 2019

GameStop said on an earnings call that it’s going to close somewhere between 180 and 200 stores in an effort to expand its profitability, which has been dwindling in the digital age as customers buy fewer physical copies of games, according to a report by CNBC. 10) after the company reported the losses.

Profit and Loss 43

Profit and Loss CFO eCommerce Sales 43

PYMNTS

FEBRUARY 7, 2020

As Pinterest wagered on eCommerce, the social media platform’s revenue surpassed the $1 billion threshold last year. Investments have powered the company’s growth in users and revenue, but have also contributed to losses. billion loss or $3.24 per share, in comparison to a $63 million loss or 50 cents per share a year prior.

Profit and Loss 51

Profit and Loss Forecasting eCommerce Investments 51

PYMNTS

MARCH 11, 2020

Interestingly, news is coming out of India that, as stated by Walmart Chief Financial Officer Brett Biggs, eCommerce firm Flipkart , majority owned by Walmart , may launch an IPO at an undetermined date. Biggs said the company’s losses will “be pretty similar” to losses seen last year.

Profit and Loss 52

Profit and Loss Valuation Marketing Financial Data 52

PYMNTS

DECEMBER 24, 2020

The company also reported a $23 million profit for the second quarter — its first black ink in history. For instance, the company’s S-1 filing showed that net losses attributable to common shareholders rose to $176 million through 2020’s first nine months – way up from just $12 million during the same period last year.

Profit and Loss 92

Profit and Loss Valuation eCommerce Planning 92

PYMNTS

SEPTEMBER 24, 2020

“The uplift that we saw, and the trends around eCommerce are staying high … it just shows that people are moving to the online world,” he said, even for people who had not embraced eCommerce much if at all. And you might be surprised to find that at least some people have been slow to jump to eCommerce. said Rainey.

Profit and Loss 117

Profit and Loss eCommerce Prioritization CFO 117

PYMNTS

APRIL 1, 2020

Demand, the paper said, is forcing companies to spend more to manage the surge in sales as more profitable business lines dry up due to the coronavirus crisis. But apparel and other items that lift profits aren’t moving. Its union has told UPS workers that there could be job losses during the slump, the report said.

Profit and Loss 52

Profit and Loss Advertising Retail eCommerce 52

PYMNTS

MARCH 2, 2020

The two main eCommerce players are Copia (which has faster delivery) and Jumia (which has more market share. Steel has started expanding into Uganda, Rwanda and Tanzania; he anticipates having 18,000 agents within 18 months and expects that Copia will be profitable within two years. “We

Profit and Loss 62

Profit and Loss eCommerce Startups Sales 62