article thumbnail

Peloton Q1 revenue misses expectations as CEO says ‘the ship is turning’

Retail Dive

While the fitness brand reported a drop in operating expenses, revenue fell 23% year over year and it expects challenges during the holiday season

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. Voly, SEND , and Quicko are no longer, after operating expenses collided with rising input costs and a lack of investor appetite.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Wayfair cutting 870 jobs as sales slow

Retail Wire

Wayfair is laying off about 870 employees as it attempts to bring operating expenses in line with revenues. The online furniture retailer said that it is also in the process of substantially reducing its third-party labor costs. in-article

article thumbnail

Harrolds exits Pacific Fair after rent negotiations fall through

Inside Retail

We have had to pull many levers during the last 12 months to mitigate the impacts of Covid-19 to our business nationally, including reducing operating expenses and attempting to negotiate revised rental agreements,” said Harrolds’ managing director Ross Poulakis.

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 Other rising expenses included a higher commitment to marketing the brand.

article thumbnail

Coles Group raises $1.7 million for food-delivery charity

Inside Retail

Other contributions received will be spent on SecondBite’s ongoing operating expenses such as transport, fuel, and refrigeration to help deliver food. Coles Group has raised $1.7

article thumbnail

Price of Stamps Likely Going Up in 2023

Small Biz Trends

Sending domestic cards in the mail will also get more expensive. “As operating expenses continue to rise, these price adjustments provide the Postal Service with much-needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan.

article thumbnail

6 Retail Commandments You Need to Follow

Retail Smart Guys

It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow.

article thumbnail

Engineered to Order Your Way, Right Away

Global Shop

By utilizing their ERP software, UMS was better equipped to create prototype products from scratch at competitive prices while covering operational expenses.

article thumbnail

AuMake ends FY21 down $7.8m, hopeful for new year

Inside Retail

million for the fourth quarter dragged down by product manufacturing and operating costs. The business also cashed out four of its stores and continued “labour restructuring”, which will see operational expenses fall 30 per cent in the first quarter of the new year.

article thumbnail

H&M, DoorDash Eliminate a Combined 2,750 Jobs as Retail Layoffs Continue

Retail TouchPoints

As a result, operating expenses grew quickly.”. Bath & Body Works , which laid off 130 employees, mostly from leadership roles, in August 2022 as part of an effort to create organizational efficiencies by simplifying and realigning its operating structure.

article thumbnail

Toys ‘R’ Us’ “transformational” year ends without earnings growth

Inside Retail

million in it’s quasi-first year as a public company, though delivered a nil EBITDA based on operational expenses and the sale of discontinued businesses. Toys ‘R’ Us has delivered annual revenue of $48.2

article thumbnail

Risky Business: Latest Benchmarks Show How Financial Industry Can Harness NVIDIA DGX Platform to Better Manage Market Uncertainty

Nvidia

Boosting the state of the art for risk platforms, NVIDIA DGX A100 systems running Red Hat software can offer financial services firms performance and operational gains. Efficiency for Reduced Operating Expenses.

article thumbnail

Amazon results and outlook fall short as warehouse, fuel costs soar

Inside Retail

The company’s expenses swelled as it offered higher pay to attract workers. And the higher price of fuel risks diminishing consumers’ disposable income just as it is making delivery more expensive for Amazon, the world’s biggest online retailer.

article thumbnail

EIDL Loans Available to Small Businesses in 6 States Due to Drought

Small Biz Trends

Small nonfarm businesses, small agricultural cooperatives, and small businesses engaged in aquaculture may qualify for EIDL loans of up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred. The U.S.

article thumbnail

What is an Income Statement?

Small Biz Trends

An income statement shows a company’s revenue, total operating expenses, and net income. The first corrals expenses, costs and revenue for a period. They Classify Revenues and Expenses. Both expenses and revenues get listed. Expenses.

article thumbnail

Why growth is slowing at e-commerce giant Shopee

Inside Retail

It was a masterful demonstration of rapid systems and logistics development, and a good diplomatic effort, too, in the sense of co-ordinating with governments and marketplace partners to operate efficiently during all the lockdowns.

ATS 246
article thumbnail

Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

Retail TouchPoints

million , it expects to save $25 million to $27 million in operating expenses during FY 2023. “We

article thumbnail

WeWork Closing About 40 Locations in the US

Small Biz Trends

The intent of the closures is to reduce rent, tenancy and building operating expenses, which WeWork expect to make up for the reduction in top-line revenue. Headquartered in New York City, the company operated 19.8

Location 134
article thumbnail

Top POS System for Independent Retailers

Independent Retailer

Control everything in real time, maximize sales performance, get real time visibility into operations, and receive a higher ROI while also lowering operating expenses.

article thumbnail

Destination XL Taps $17.5 Million Loan to Fuel Liquidity After Difficult Fiscal 2020

Retail TouchPoints

Destination XL, which operates the DXL Big + Tall and Casual Male XL brands and ecommerce sites including dxl.com, has pivoted its operations to recover from the pandemic. Financial News Store Operations destination xl dxl loansDestination XL has received a $17.5

article thumbnail

Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

Macy’s Sees its Future in Luxury and Off-Mall Locations Macy’s has been diligently modernizing its operations for the past several years, and its performance in the coming months will be a sign of whether its efforts are paying off.

Markdowns 103
article thumbnail

Scale-up! Why Digital Transformation Is Crucial for Growth

Retail Assist

Any attempt to decrease operating expenses and inefficiencies requires technology to be put at the heart of the business. Taking a single strategic approach to technological decisions, makes it so much easier to achieve any future growth ambitions, letting your operations grow with you.

article thumbnail

Deadline Nearing to Apply for EIDL Loans Due to California Cache Fire

Small Biz Trends

Garfield , Director of SBA’s Disaster Field Operations Center-West Garfield. It can also be used for business operating expenses that could have been met had the disaster not occurred.

article thumbnail

The Benefits of Having an Ecommerce Presence

Independent Retailer

Having a higher net profit margin (with 25% of respondents stating it is much higher) results in online businesses earning more money per sale, partially due to less operating expenses eating into revenue. . by Jordan Cooper.

article thumbnail

What is a Cash Flow Statement?

Small Biz Trends

These financial statements break down into financing, investing, and operating activities. It provides an overview of business operations by complementing the balance sheet and income statement. For example, gross cash receipts include costs and expenses. Operating Activities.

article thumbnail

Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

Store OperationsActivist investor Ancora Holdings Group is seeking the removal of Kohl’s CEO Michelle Gass and Chairman Peter Boneparth. The firm, which holds a 2.5%

article thumbnail

In the News: Recovery Grants From $1,000 to $100K Available to Small Businesses

Small Biz Trends

Businesses looking for help for debt repayment to renovations, operating expenses, lost revenue, and more can apply for grants from $1,000 to $100K. The impact of the pandemic will be felt for a long time.

article thumbnail

Five Ways Retailers Can Benefit From Coworking Spaces 

Retail Minded

Fortunately, you don’t have to break the bank or get into large funding to make up for your store lease and invest in expensive equipment. Coworking spaces are now gaining traction for startup owners who need enough office space to operate their business remotely. .

article thumbnail

Simplifying the hybrid cloud journey using Cisco SD-WAN with AWS Cloud WAN

Cisco Retail

Alongside this global requirement for performance and convenience is the challenge network security teams face: how to maintain optimal connectivity, continually improve security and visibility, and somehow keep operating costs down.

article thumbnail

Simon Calls Off Merger With Taubman, Citing Impact Of COVID-19

Retail TouchPoints

requesting a declaration that Taubman has suffered a Material Adverse Event under the merger agreement, and that it has breached the covenants in the agreement governing the operation of Taubman’s business. Mergers & Acquisitions Store Operations Simon Property Group Taubman

article thumbnail

President Biden Signs Laws Aimed at Cracking Down on EIDL and PPP Loan Fraud

Small Biz Trends

President Biden on Friday signed into law two bills aimed to boost the Justice Department’s abilities to investigate and prosecute fraud cases in connection with the distribution of small-business relief funds during the COVID-19 pandemic. Laws Give Prosecutors More Time to Charge PPP Fraud.

article thumbnail

SaaS & More: Different Business Models For Software Developers

Star Miconics

It can enable them to make IT a manageable monthly operating expense, which can have tax benefits. SaaS, HaaS, and On-Premises: Different Go-to-Market Models for Software Developers and ISVs.

article thumbnail

$390 Billion in EIDL Loans Awarded to Small Businesses Through Pandemic

Small Biz Trends

The EIDL was ran in partnership with the American Rescue Plan-Funded programs – the Restaurant Revitalization Fund, the Shuttered Venue Operators Grant, the COVID EIDL Targeted and Supplemental Advance Grants, and the Paycheck Protection Program.

article thumbnail

More Small Businesses Eligible for Disaster Relief Due to Drought

Small Biz Trends

The funds should help businesses in Hawaii, Texas, Idaho and Kansas struck by recent natural disasters to meet their financial obligations and operating expenses. The U.S.

article thumbnail

More Than $10 Million in Pandemic Recovery Grants Available in Select U.S. Cities

Small Biz Trends

Each business can apply for between $5,000 and $45,000 to cover various operating expenses like rent and payroll. The holiday season is just around the corner. So it’s more important than ever for small businesses to get the resources they need to effectively serve customers.

article thumbnail

Making Infrastructure Ready for the Future of Work

Cisco Retail

Finally, creating a lifecycle management plan makes IT budget planning easier, aligns operating expenses with the benefits gained from refresh lifecycles and helps manage the removing of depreciating assets from the balance sheet.

article thumbnail

Wesfarmers eyes silver linings in subscription, health and beauty

Inside Retail

What we experienced, particularly in the first quarter, is anything other than a normal operating environment,” Scott told investors. “It

article thumbnail

Margin vs Markup. What is the Difference?

Retail Bound

Gross profit = (Total Sales – Cost of Goods Sold) Net profit – Measures the profitability after accounting for all business operational expenses. To run a profitable business, a company must sell its products or services at a high-enough price to cover both its variable and fixed costs.

article thumbnail

Walmart reports mixed first quarter results

Mass Relators

inflation levels, particularly in food and fuel, created more pressure on margin mix and operating costs. Consolidated operating expenses as a percentage of net sales increased 45 basis points, primarily due to increased wage costs in Walmart U.S. BENTONVILLE, Ark.

article thumbnail

$10,000 Available in Small Business Stabilization Grants Across the Country

Small Biz Trends

Grants may be up to $10,000 and can cover operational expenses that would otherwise put the business at risk of closure or layoffs. Eligible small businesses can apply for up to $10,000 to cover pandemic-related expenses. Many small businesses are still reeling from the pandemic.

article thumbnail

How retail outlets can keep costs down

Retail Focus

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs.

article thumbnail

5 Ways To Maximize Retail Business Financing

Retail Minded

Operating a retail business is both rewarding and challenging. Many retail businesses are able to operate seamlessly with sufficient financing. Lower Your Expenses. Have you ever thought of starting a retail business or are you currently running one?

Finance 52