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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. Security and Exchange Commission (SEC). . million in 2018 and a net loss of 48.7

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Digital native retail CFOs: What’s the next move for success?

Future CFO

Digital native retail businesses are expected to see resounding success in the coming few years, but their existing strategies might need a tweak soon as traditional retailers are catching up, said Bain & Company recently. Digital native retail businesses are retailers which initially operated exclusively online, Bain defined.

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Is Robinhood Safe? – Good Financial Cents®

CFO News Room

But questions remain about how secure and reliable it is when compared to traditional brokerages. It was founded in 2013 by two Stanford roommates, Baiju Bhatt and Vlad Tenev, who wanted to make investing simpler and more accessible to everyone. They also offer educational resources to help users learn the basics of investing.

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Petco Files For IPO As Demand For Pets Surges During Pandemic 

PYMNTS

Securities and Exchange Commission (SEC) on Friday (Dec. 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 The pet retail chain filed last month for an IPO pending an SEC review. Same-store sales surged 9.6

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

The company isn’t profitable yet, and probably won’t be for a while. Since PDD went public, it has been hit with net losses of $981.4 Q4 revenue jumped 697 percent year-on-year to $491 million, although the operating losses increased as well. The social component is especially popular with women. million in Q2 and $159.9

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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

PYMNTS

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Mobile shopping is growing and a key focus of retailers going into the holiday season. Mobile shopping is growing and a key focus of retailers going into the holiday season. The debt load for rue21 includes a $538.5

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Australian B2B FinTech Tyro Is Bright Spot In IPO Debut

PYMNTS

Australian B2B FinTech Tyro Payments recently listed on the Australian Securities Exchange (ASX) and saw its share price increase 29 percent above its IPO price on the first day, according to a report by Finder. Latitude Financial, Property Guru and Retail Zoo all tried and failed to secure an IPO.

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