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Vinted posts first profit as CEO points to ‘huge potential’

Retail Gazette

Vinted, the online marketplace for secondhand fashion, has made a profit for the first time following a “strong” year of growth. The Lithuanian business made a net profit of €18m last year versus a loss of €20m in 2022. Founded in 2008, Vinted was last valued at €3.5bn in May 2021.

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FMI’s Sarasin: Focus on data, not politics

Mass Relators

“With the exception of a few notable outliers, such as a period of volatile energy spikes from 2007-2008 and the current post-COVID inflationary period, increases in average grocery prices have held steady between 1% and 4% since 2003. net profit margin.

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Retail appointments of the week

Inside Retail

per cent, EBITDA fall 650 per cent, and net profit free-fall 1,767 per cent to a $100 million loss. “I Additionally, Coles’ former chief marketing officer Lisa Ronson has joined the business as an independent non-executive director of the company’s board, as well as the chair of its people and culture committee.

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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

The company began offering general merchandise in 2008, transforming JD from an electronics retailer to a full-fledged e-commerce platform, and launched an online marketplace platform in 2010. JD’s first overseas expansion attempt JD.ID [the company’s offering in Indonesia] didn’t end so well due to intensive competition in the local market.

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Meijer opens three new supercenters

Mass Relators

Meijer donates more than 6% of its net profit to charitable organizations annually, and each of its stores work with local food banks and pantries to help fight hunger. Since 2008, the retailer’s Simply Give program has generated more than $62 million for its food pantry partners throughout the Midwest.

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Meijer marks supercenter’s 60th anniversary

Mass Relators

All Meijer stores are committed to enriching lives in the communities they serve, with the company donating more than 6 percent of its net profits each year to philanthropic and community organizations. ” The post Meijer marks supercenter’s 60th anniversary appeared first on MMR: Mass Market Retailers. The 28th St.