What’s going on? Lululemon (high-end athleisure brand) reported better-than-expected 2Q earnings of $1.5b, a 61% climb yoy. What does this mean? Lululemon’s ecommerce business unsurprisingly had a great run in 2Q. What’s astonishing is the return of bricks-and-mortar shopping, with Lululemon’s store sales almost returning to pre-pandemic levels. Lululemon’s on track to achieve its 2023 revenue target by the…
Tag: ecommerce
Ep 172: PayPal announced to buy Paidy and the Buy-now-pay-later market
What’s going on? PayPal (US payment platform) announced that it would buy Paidy (Japanese buy-now-pay-late with 6m users) for $2.7b. What does this mean? PayPal started offering its own buy-now-pay-later service in 2020, through which customers have made $3.5b worth of purchases. This deal comes as part of Paypal’s longer-term plan to push further into the…
Ep 149: The disappointing sales but promising ecommerce business of Adidas and Inditex
What’s going on? Adidas and Inditex (owner of Zara and Bershka) reported lower-than expected annual results, but their ecommerce businesses seem to take off. What does that mean? With so many stores shutting down last year, Inditex’s revenue and profit fell short of investors’ expectations; the latter by over 20%. Since sales haven’t improved much…
Ep 137: Walmart’s worse-than-expected earnings
What’s going on? Walmart reported worse-than-expected earnings, driving its shares to fall by their biggest one-day drop in almost a year. What does that mean? With groceries, cleaning products, and plenty of other lockdown essentials, Walmart’s been a one-stop shop for Americans throughout the pandemic; especially when fresh government checks encouraged shoppers to buy last quarter….
Journal Report 22: How Vietnamese ecommerce is different
Written by the Co-founder of Lazada – Christopher Brinkeborn Beselin, the original article states the characteristics of the Vietnam market that new e-commerce players might want to acknowledge. There appear to be some recurring themes that would continue to make the Vietnamese e-commerce landscape a special place to compete. Frugality Conservation seems to be what…
Ep 100: Rumble In The Jungle
What’s Going On Here? Amazon’s 4th quarter weaved beyond investors’ expectations, helping the company’s stock price punch 10% higher. What Does This Mean? Total revenue at Amazon grew 21% last quarter, much more than investors expected. The record holiday sales season probably helped, with unprecedented US store closures last year potentially leaving some Main Street shoppers…
Ep 73: Kwik-E-Walmart
What’s Going On Here? Walmart thanked investors and invited them to come again with third-quarter earnings that exceeded expectations. What Does This Mean? The retailer saw its stores’ third-quarter sales rise 3.2% from a year ago – more than predicted. That marks its 21st consecutive quarter of growth, a feat no other American retail chain has achieved. …
Ep 10: Blackstone Goes Industrial
What’s Going On Here? American private equity titan Blackstone announced its purchase of several US warehouses from Singaporean logistics firm GLP, paying $19 billion in the biggest private real estate deal ever. What Does This Mean? Blackstone’s already one of the world’s largest property owners, and snapping up more warehouses will almost double its US…
with HT 