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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. The Sweden-based company, which has operated in the U.S. since 2015 , handled $105 billion in gross merchandise value (GMV) and has 93 million active customers and 675,000 merchants using its services.

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. This will ensure we’re getting products to our customers in the quickest and most effective way,” King said.

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Vinted profit triples, driven by second-hand boom and Europe-wide growth

Retail Gazette

Second-hand marketplace Vinted has a reported sharp rise in revenue and profits for 2024, fuelled by growing consumer appetite for affordable pre-owned goods and ongoing expansion across Europe. The Lithuanian-based business posted a net profit of 76.7m, up from 17.8m the previous year, as sales climbed 36% to 813.4m.

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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 The mall operator provided a delivery service there for its tenants.

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The Benefits of Having an Ecommerce Presence

Independent Retailer

According to recent data from Xero , accountants and bookkeepers believe ecommerce platforms generally outperform their purely brick-and-mortar counterparts – with 70 percent of respondents stating that online platforms have a higher net profit margin. . The report surveyed accountants and bookkeepers in the U.S.

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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. WASHINGTON – Soaring credit and debit card swipe fees cost the average U.S. That was up from $93.2 billion in 2022 and marked the first time the figure topped the $100 billion mark.