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Why growth is slowing at e-commerce giant Shopee

Inside Retail

Marketplace revenues grew at a 62 per cent clip, while gross merchandise value (GMV) was up 27 per cent and the total number of orders grew 42 per cent to 2.0 At some point, though, something has to give, because at this low percentage there is too much money being left on the table. After peaking at $366.99

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PrettyLittleThing to axe jobs at Manchester HQ

Retail Gazette

PrettyLittleThing (PLT) is set to cut more than 50 jobs at its Manchester head office as it joins the ranks of retailers slashing jobs this year. The latest round of redundancies at the Boohoo Group owned fashion retailer was communicated to affected staff members during a video call last week, Drapers reported.

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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.

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Bad debt blowout fuels massive Afterpay loss

Inside Retail

The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 million at the end of the first half, December 31. Other rising expenses included a higher commitment to marketing the brand. million as more and more of its instant-loan clients failed to pay their debts. .

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

Retail TouchPoints

“Most of our investments are paying off, and while we’ve always been disciplined in how we have managed our business and operational metrics, we were not as rigorous as we should have been in managing our team growth,” said Tony Xu, CEO and Co-founder of DoorDash in a publicly shared message to employees. That’s on me.

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Maximizing Profitability: How to Improve 4 Key Areas of the CPG Product Lifecycle

Retail TouchPoints

Consumer packaged goods (CPG) companies are obsessed with two things: maximizing revenue and minimizing operational expenses. And the challenge for CPG leaders becomes how to maintain the output of their teams after that initial burst of energy at launch. Improved customer service.

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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. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share. “The