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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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Analysis: As technology marches on, Asia’s retail property huffs and puffs

Inside Retail

Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a net profit of US$21.3 billion (+6 per cent on 2019), while Alibaba was at number 8 with US$110.4

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The Profitability Challenge: Why SKU-Level Visibility Matters

Retail TouchPoints

My days as a merchant are long over, yet I remain a retailer at heart. 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. Translation: You can’t do this alone.

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Swipe fee costs average household more than $1,100

Mass Relators

household more than $1,100 last year, the Merchants Payments Coalition said. By contrast, net profit for general retail averages only 3 percent. But the settlement applies only to the banks’ portion of swipe fees, and Mastercard is already increasing a key network fee, costing merchants an estimated $259.1

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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

Today, JD is said to be the biggest retailer, online or otherwise, in China , and according to the strategic roadmap presented by CEO Sandy Xu at the company’s recent anniversary celebrations, it is just the beginning. JD.com also aims to contribute RMB 100 billion in taxes and create over 1 million jobs.

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Distribution and Wholesale Seek Retail Skillset to Gain Competitive Edge

365 Retail

Providing excellent customer service, whether you’re working within a B2B or B2C focussed industry remains paramount for successful business growth and retention. Georgia Hartley-Brewer, Senior Consultant at people advisory business New Street Consulting Group examines the reasoning behind this upwards industry trend.