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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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Discount Retailer Primark Predicts Substantial Loss

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Primark, the Irish fashion retailer, is expected to take a huge financial hit due to COVID-19, the Financial Times reported. 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.

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eCommerce Eroding Traditional Retail Metrics

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Traditional retail metrics are no longer sustainable — or are rapidly becoming such — in a digital retail environment. That is the finding of HRC Retail Advisory’s latest study focused on mature retail businesses. Retailers must take action now to address these issues, which are not economically sustainable.”.

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Adidas Posts Losses Of $400M In Q2, But Expects Q3 Rebound

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Adidas AG , the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent the spread of the coronavirus. At the same time, Adidas suffered an operating loss of 333 million euros ($394 million). billion euros ($4.3 billion) in the quarter.

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Walmart Looks For eCommerce Chief Revenue Officer

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To help lay out its battle pay to take on Amazon, Target and other competitors, Walmart is on the hunt for a new chief revenue officer for its eCommerce business in the U.S. According to a memo that Bloomberg obtained, the vacancy opened up when Scott Hilton departed the retailer in May. billion (an increase from $1.4

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Why The eCommerce Model Is More Accessible To SMBs Than They May Think

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Yet as more organizations embrace the eCommerce shift, the growing pains of these changes will ease into preparedness for the future. Business model flexibility has proven to be essential to the survival of companies, and migrating sales operations online can be a savior for traditionally brick-and-mortar retailers.

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The Walmart Amazon Whole Paycheck Tracker: The Regulation And eCommerce Loss Blues

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But, as Walmart and Amazon seem to like to do things in tandem, Walmart is also paying for some success — in this case success in rapidly building out its eCommerce operations. And Amazon’s competitors in retail are working hard to make sure that the regulators take a close enough look. Its costs, however, can be measured in dollars.