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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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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 Brown previously spent eight years at Aldi Australia, serving as the business’ regional managing director and head of regional logistics, as well as a further six years at Aldi UK as its logistics director.

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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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Meijers opens Noblesville location

Mass Relators

Bernath demonstrated the store’s support of the community by presenting a $10,000 donation to Noblesville Youth Baseball to install a new water station at the organization’s facilities and provide fresh fruit to athletes on game days.

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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. A nuanced perspective Xiaofeng Wang, a principal analyst at Forrester, described the roadmap as “courageous”, given how forward-looking it is.

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Meijer marks supercenter’s 60th anniversary

Mass Relators

“The opening of ‘Thrifty Acres’ in June 1962, was history in the making, although I’m not sure our dad and grandfather realized it at the time,” Meijer Executive Chairman Hank Meijer said. . — Meijer Inc. The stores would come to be known as supercenters. The 28th St.

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Meijer opens three new supercenters

Mass Relators

“These new stores reinforce our ongoing commitment to serving the needs of communities at a time when everyone is looking for a one-stop shopping experience,” Keyes said. Inside stores, safety decals are visible on the floor where customers typically gather, and protective plexiglass shields are at every checkout station.