article thumbnail

Abercrombie & Fitch posts strong results despite tightening market

Inside Retail

The company’s operating expenses were up 6 per cent, driven by increases in incentive compensation, store occupancy and technology costs while operating income reached $90 million compared to an operating loss of $2 million last year. billion in 2022 and operating margin in the range of 8-9 per cent.

Marketing 130
article thumbnail

Why growth is slowing at e-commerce giant Shopee

Inside Retail

Shopee, the e-commerce unit of Singapore-based Sea Ltd, is the market leader in Southeast Asia by revenue. Marketplace revenues grew at a 62 per cent clip, while gross merchandise value (GMV) was up 27 per cent and the total number of orders grew 42 per cent to 2.0 And it is not all the fault of general conditions in the market.

ATS 246
Insiders

Sign Up for our Newsletter

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

article thumbnail

Maximizing Profitability: How to Improve 4 Key Areas of the CPG Product Lifecycle

Retail TouchPoints

Consumer packaged goods (CPG) companies are obsessed with two things: maximizing revenue and minimizing operational expenses. And the challenge for CPG leaders becomes how to maintain the output of their teams after that initial burst of energy at launch. existing knowledge). Improved customer service.

article thumbnail

First-quarter sales, profit fall short at CVS

Mass Relators

Karen Lynch, chief executive officer at CVS Health, said that the current environment does not diminish the company’s long-term earnings power. “We The post First-quarter sales, profit fall short at CVS appeared first on MMR: Mass Market Retailers. Prescriptions filled increased 3.2%

ATS 52
article thumbnail

Milkrun seeks investment as a perfect economic storm hits instant delivery

Inside Retail

That reticence was backdropped by significant operating costs at Milkrun, which eschews the independent contractor model and uses employees to deliver groceries. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share.

article thumbnail

Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

ContextLogic CEO Joe Yan said that he expects the acquisition to be beneficial to both Wish’s sellers and its shoppers: “Integrating the Wish platform into Qoo10 will create a true global cross-border ecommerce platform to support the massive market demand ,” said Yan in a statement. The very next month Temu debuted in the U.S.

article thumbnail

Bad debt blowout fuels massive Afterpay loss

Inside Retail

The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 million at the end of the first half, December 31. Other rising expenses included a higher commitment to marketing the brand. Block had already warned the market to expect bad news before releasing Afterpay’s latest results.