Coupang Inc., South Korea’s leading e-commerce platform, reported third-quarter earnings that exceeded Wall Street’s projections. Despite this, the company’s stock experienced a decline in after-hours trading on Tuesday. Q3 Financial Performance For the quarter ending September 30, 2024, Coupang reported earnings of $0.04 per share, surpassing analysts’ consensus estimate of $0.01 per share. Revenue reached […]
Woolworths, a dominant force in Australia’s retail landscape, is navigating a rare three-day losing streak after delivering an unexpected blow to investors. The company recently revised its first-half FY25 earnings guidance, announcing an anticipated figure between AUD 1.48 billion and AUD 1.53 billion. This estimate represents a 5.6% decline compared to the first half of […]
Shares of DS Smith (LON: SMDS) surged by 13.33% as the British packaging firm announced an extension of its partnership with leading online retailer Zalando. This extended collaboration will see DS Smith continue as a preferred supplier of sustainable, fibre-based e-commerce packaging for Zalando’s growing customer base throughout Europe. Investors have taken a keen interest, […]
Lovesac, the innovative home furnishing company known for its unique modular furniture, saw its shares soar by 25% following the release of its second-quarter fiscal 2025 earnings report. The company’s unexpected performance, which outpaced market expectations, provided a positive jolt to its stock price, driven by a strategic blend of innovation, cost management, and forward-looking […]
Global investment firm GIC has further strengthened its portfolio with the acquisition of a high-quality logistics facility in Yokohama, Japan. Situated in the Kanagawa Prefecture within the Greater Tokyo metropolitan area, the asset boasts an advantageous location that provides seamless access to the entire region. This acquisition encompasses a flagship logistics facility developed by Daiwa […]
In an announcement that highlights the growing interconnection between artificial intelligence (AI) and the automotive industry, Google Cloud has unveiled an expansion of its strategic partnership with Mercedes-Benz. This collaboration is set to transform key customer experiences through the integration of AI and generative AI (gen AI) technologies, particularly on Google Cloud’s Vertex AI platform. […]
Mastek, a key player in digital engineering and cloud transformation, has partnered with Restek Corporation to modernize its global online experience. The partnership leverages Oracle solutions such as Oracle Commerce Cloud (OCC), Oracle Configure Price Quote (CPQ), and Oracle Content Management (OCM) to overhaul Restek’s global website, Restek.com. The joint venture aims to provide a […]
Delhivery Ltd., India’s premier logistics powerhouse, unveils Delhivery One, its innovative digital shipping solution tailored for the diverse requirements of micro to large direct-to-consumer e-commerce brands nationwide. This all-inclusive digital shipping platform platform integrates crucial shipping services, from post-purchase communication and analytics to international shipping via Delhivery’s strategic partnership with FedEx. Notably, Delhivery One offers […]
In a pivotal move to solidify its global e-commerce presence, MikMak, a renowned software entity aiding top-tier brands in commerce growth, has announced the acquisition of ChannelAdvisor’s Shoppable Media and Brand Analytics products from CommerceHub, a major commerce network behemoth trusted by over 40,000 world-class retailers and brands. This strategic acquisition fortifies MikMak’s commerce analytics, […]
Amazon.com, Inc. (NASDAQ: AMZN) announced robust financial results for its second quarter that ended on June 30, 2023. An 11% increase was recorded in net sales, totaling $134.4 billion, as compared to $121.2 billion in Q2 2022. Even after excluding a $0.3 billion unfavorable impact from year-over-year changes in foreign exchange rates, net sales still […]