Tag

Marketplace

All articles tagged with #marketplace

business7 days ago

Walmart rides e-commerce and ads momentum to solid Q4, but full-year outlook misses Wall Street

Walmart posted a solid Q4 with adjusted earnings of 74 cents on $190.66B revenue, topping estimates as U.S. e-commerce rose 27% (global 24%) and ad-driven revenue via Walmart Connect grew, alongside a 50% jump in store-fulfilled deliveries. The company guided full-year net sales up 3.5-4.5% with adjusted EPS of $2.75-$2.85, below consensus of $2.96. Under new CEO John Furner, Walmart highlighted market-share gains across income groups and announced a $30B share repurchase as Amazon remains a key competitor; shares rose about 2%.

Best Buy's Sales Rise Amid Tariff Challenges and Market Fluctuations
business6 months ago

Best Buy's Sales Rise Amid Tariff Challenges and Market Fluctuations

Best Buy exceeded revenue and earnings expectations in its recent quarter but maintained its full-year forecast due to tariff-related uncertainties, which are impacting consumer spending and product costs. The company is launching a third-party marketplace to boost growth amid ongoing challenges from higher interest rates and tariff impacts, with some price increases already implemented.

Best Buy Introduces Third-Party Marketplace to Boost Sales
business6 months ago

Best Buy Introduces Third-Party Marketplace to Boost Sales

Best Buy is launching a third-party marketplace on its website and app to diversify its product offerings, attract more customers, and boost sales amid declining revenue and challenging market conditions. The platform will feature products from around 500 vetted sellers, including tech accessories, seasonal items, and niche products, and aims to enhance customer experience while supporting the company's strategic growth and advertising efforts.

Centene Stock Drops 27% After Guidance Withdrawal
business7 months ago

Centene Stock Drops 27% After Guidance Withdrawal

Centene's stock dropped 20% after the company withdrew its 2025 earnings guidance due to unexpected challenges in its Marketplace business and rising Medicaid costs, including lower-than-expected market growth and higher morbidity rates, leading to revised revenue and earnings projections. Despite these issues, its Medicare businesses are performing well, and the company plans to update its financial outlook in late July 2025.

German Regulator Warns Amazon Over Price Control Practices
business8 months ago

German Regulator Warns Amazon Over Price Control Practices

Germany’s antitrust authority warned Amazon that its price control policies for marketplace retailers may violate EU and national laws, as they influence competition and pricing transparency. Amazon argues that such controls are necessary for a good shopping experience, but regulators are concerned about their impact on fair competition and transparency in pricing algorithms.

Facebook Unveils Strategy to Reclaim Gen Z Users
technology1 year ago

Facebook Unveils Strategy to Reclaim Gen Z Users

Meta has unveiled a plan to attract Gen Z to Facebook by focusing on content discovery and practical features like Marketplace, Dating, Groups, and Events. The strategy aims to appeal to young adults rather than teens, leveraging Facebook's utility and user-friendly interface to compete with less polished alternatives like Craigslist and Reddit. Despite skepticism, the approach could succeed by positioning Facebook as a versatile "everything app."

"Gen Z's Shift: Embracing Facebook as a Marketplace"
business1 year ago

"Gen Z's Shift: Embracing Facebook as a Marketplace"

Despite declining popularity as a social site among Gen Z, Facebook's Marketplace has become a go-to platform for young adults looking to save money by purchasing secondhand items. With limited disposable income, many 20-somethings are turning to the platform to find affordable deals on furniture, kitchen appliances, and décor, preferring its user-friendly interface over other sites. This shift reflects a trend of Gen Z using Facebook primarily as a marketplace rather than a social networking site, as they spend more time on platforms like TikTok and Instagram.

"Plex Introduces Movie Rental Service for Streaming"
technology2 years ago

"Plex Introduces Movie Rental Service for Streaming"

Plex, following a recent $40 million fundraise, is expanding into movie rentals for U.S. customers, offering titles from major studios starting at $3.99 with over 1,000 titles available at launch. The company's long-teased marketplace will initially focus on movies, not TV shows, due to user demand. Plex plans to leverage its recommendation capabilities and user data to drive rentals, despite competition in the market, and will launch the movie marketplace across various platforms.