Remove Economics Remove Numbers Remove Profit and Loss Remove Retail
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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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Starbucks, Twilio, Carvana, DoorDash and more

CFO News Room

Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results.

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Lyft, 3M, Lululemon and more

CFO News Room

Bed Bath & Beyond — The retail stock jumped 13% as traders continued to pile into the heavily shorted name. Paccar — Shares of Paccar rose 7% after the truck manufacturer reported fourth-quarter results, posting a profit of $2.64 An increasing number of e-commerce deliveries have boosted demand for trucks. per share and $8.13

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BLS Report Shows Static Retail Jobs Picture

PYMNTS

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. Sometimes no news is good news.

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Survival Mode: Fashion Retailers Slash Prices

PYMNTS

As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers involved discounting is a double-edged sword. It’s the age-old argument for retail. According to Edited , the number of new styles posted by U.S.

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eCommerce Eroding Traditional Retail Metrics

PYMNTS

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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The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

To put these numbers in perspective, the Mag Seven companies now have a market capitalization larger than that of all listed stocks in China, the second largest market in the world in market capitalization terms. trillion in market cap, and that 2023 represented a correction back to a level only slightly above the value at the end of 2021.

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