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Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. since 2015 , handled $105 billion in gross merchandise value (GMV) and has 93 million active customers and 675,000 merchants using its services. The Sweden-based company, which has operated in the U.S.

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Vicinity Centres posts full-year net profit of $271.5 million

Inside Retail

Vicinity Centres has posted a lower statutory net profit after tax of $271.5 Net profit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 The post Vicinity Centres posts full-year net profit of $271.5

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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

billion net profit for the last financial year, with a year-high share price of $19.40 The two inquiries announced in December 2023 were a Senate Select Committee Inquiry and a review of the voluntary Food and Grocery Code of Conduct that former Labor minister Dr Craig Emerson adopted in 2015. to as low as $29.19

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Net profit rose 18.2 million for the 12 months to July 29, the highest since 2015. Statutory net profit rose 23.3 . “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.” per cent to $71.1 per cent to $60.4

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The Profitability Challenge: Why SKU-Level Visibility Matters

Retail TouchPoints

As an advisor for industry groups such as the Ascendant Network and the Digital Shelf Institute Executive Forum, I‘m surprised to hear my industry friends are still frustrated by ongoing online profitability hurdles. Due to the fact that each platform has a myriad of fees (e.g. referral, storage, fulfillment costs — the list goes on!),