Remove eCommerce Remove Planning Remove Profit and Loss
article thumbnail

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.

article thumbnail

Are Private Labels The Key To Cracking The Profitability Indian eCommerce?

PYMNTS

Cash is still king – but it’s use has fallen off by 15 percent in the 18 months since Prime Minister Narendra Modi, announced a rapidly implementing demonetization plan that saw 86 percent of the rupees in circulation disappear out of the economy nearly over night. And expectations for eCommerce are swelling accordingly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

PYMNTS

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. In fact, in his annual shareholder letter, Amazon’s CEO was touting the glories of making big bets, even if they don’t exactly go to plan. “As

article thumbnail

Walmart’s eCommerce Business Continues To Struggle

PYMNTS

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.

article thumbnail

Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

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. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company isn’t profitable yet, and probably won’t be for a while.

article thumbnail

Discount Retailer Primark Predicts Substantial Loss

PYMNTS

Analysts at Citi said the retailer’s performance beat expectations, and that despite the COVID-19 disruption, Primark still plans to open 10 new stores this year. 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.

Retail 52
article thumbnail

When Will Profits Hitch A Ride With Uber And Lyft?

PYMNTS

However, Uber’s revenue increased only 2 percent between Q3 and Q4, reaching $3 billion, a 24 percent increase over the previous year — leading some investors to question the ridesharing firm’s future prospects for profitability. Losses came in at $1.8 billion in losses reported at the same time in 2017.