In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean super app Grab reported earnings results Wednesday (May 15), announcing a record adjusted core profit and raising its annual forecast. On a call...
Although it didn’t address two big elephants in the room, buy now, pay later company Affirm rode solid advancements in its debit card and gross merchandise volume metrics to better-than-expected Q3 earnings results. In what is a continuing referendum on consumer spend this earnings season,...
At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions of dollars. CEO Stephanie Ferris said during her initial remarks that the company’s business model is “underpinned by highly recurring revenue, allowing...
The online education sector continues to experience exponential growth, driven by technological advancements and the increasing demand for flexible learning options. However, the rapid rise of artificial intelligence is reshaping the education landscape, with both opportunities and challenges emerging for key industry players. In its latest earnings...
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings reports, the FinTech IPO Index was 1.7% higher this week. […]
February 28, 2024
With consumers increasingly expecting their shoppable media experiences to flow more seamlessly between entertainment and commerce, traditional shopping networks such as HSN and QVC are seeing revenue declines. Qurate Retail,...
February 16, 2024
Renewed investor enthusiasm for crypto has been good news for U.S. cryptocurrency exchange Coinbase. And while 2023 wasn’t the greatest year for crypto, it was no 2022, and Coinbase’s latest quarterly...
November 21, 2023
As temperatures stayed warm in September and October, Kohl’s discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn...
May 01, 2024
Marriott International saw its revenue per available room (RevPAR) increase 4.2% year-over-year during the first quarter, driven largely by growth in international markets. The hotel chain saw its RevPAR grow 1.5% in the United States and Canada and 11.1% in international markets, according to a Wednesday (May 1) earnings release. “While overall industry RevPAR growth is normalizing post-COVID, we continue […]
April 10, 2024
Retailers’ revenue from store credit cards is reportedly facing pressure for several reasons. These forces are impacting all retailers, but especially department stores, whose businesses face other challenges as well,...
March 20, 2024
PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company’s total revenues in...
March 06, 2024
Foot Locker is accelerating its transformation into an omnichannel retailer in 2024 after making gains in 2023. The specialty athletic retailer aims to “make the customer journey more dynamic, personalized and...
