Online seller – Stef Mike http://stefmike.org/ Tue, 17 May 2022 10:52:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stefmike.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Online seller – Stef Mike http://stefmike.org/ 32 32 Brides are delighted to wear black wedding dresses https://stefmike.org/brides-are-delighted-to-wear-black-wedding-dresses/ Tue, 17 May 2022 10:52:00 +0000 https://stefmike.org/brides-are-delighted-to-wear-black-wedding-dresses/ Among the wedding trends that are heating up, sellers have noted a renewed interest in black wedding dresses. According to Google Trends, searches for “black wedding dress” have kept pace with searches for “white wedding dress” over the past 12 months. In September and October 2021, “black wedding dress” was searched more than “white wedding dress” on Google.

“This is by far our favorite trend and we love it. Black dresses are chic and dramatic,” said Laura McKeever, senior director of public relations, philanthropy and brand communications at David’s Bridal, the one of the largest sellers of wedding dresses in the United States. .

The trend has grown so much since last year that David’s Bridal, which previously only offered black wedding dresses to order, will offer black versions of its most popular wedding dress styles for the first time this fall. in some stores. Customers can already purchase these black options on its website.

Why are brides so excited to ditch traditional white and travel to the dark side of edgy black?

“The concept of what is considered traditional has evolved,” McKeever said. The pandemic also influenced this shift, she said.

“We started seeing this in 2021 with couples wanting to throw traditional marriage rules out the window,” she said. “Brides who had to postpone their wedding because of the pandemic now want their special day to be unique. They want to wear what they want on the big day. They choose unique locations, they wear sneakers and have food trucks at their wedding.”

In other non-white selections, brides are also turning to blue, champagne, purple and red dress options, she said. Building on this trend, David’s Bridal has increased its selection of dresses in unconventional colors by 30% this year, up from 10% last year.

Although brides typically choose a black dress for fall and winter weddings, McKeever said a black wedding dress can be a timeless option year-round.

Azazie, a leading online seller of bridal and wedding dresses and accessories, said it had already doubled the number of black wedding dresses sold so far in 2022 compared to last year and that ‘about 8% to 10% of her wedding dress sales right now are black dresses.

“For some brides, white is dated, unoriginal or not the most flattering color. Black evokes old Hollywood red carpet glamor,” said Ranu Coleman, Azazie’s chief marketing officer. “They feel like it gives them extra attention and ticks all the boxes for them.”

Celebrities are partly fueling the trend, said Amber McCasland, vice president of global brand and communications with resale platform Poshmark.

“With celebrities wearing sultry black dresses at the 2022 Met Gala and Selling Sunset’s Christine Quinn debuting a black wedding dress, brides are taking inspiration from their favorite celebrities to stand out on their big day,” said McCasland said.

“Sales growth and growth in search for black wedding dresses on Poshmark shows that brides are ready to make bigger and bolder statements at the altar, especially after facing wedding postponements” , she added.

Searches for black wedding dresses on Poshmark jumped 75% in April from a year earlier, and sales of black wedding dresses jumped 33% for the month from the same time last year last.

That’s not to say black is about to dethrone the white wedding dress anytime soon.

DTC wedding dress seller Azazie said it has already doubled the number of black wedding dresses sold so far in 2022 compared to last year.

Although white is still the most popular choice, some brides want to have both. “They will wear a white dress to the ceremony and an elegant black dress to the reception,” Coleman said.

New York-based Enaura Bridal, which creates custom hand-beaded wedding dresses in India, is busy meeting the demand for black wedding dresses.

Enaura founder Sohil Mistry said his clients weren’t asking for black dresses before the pandemic, although he noted that before Covid there was a move towards color with brides embracing blush cheeks and ivory with gold.

Customers are increasingly asking for black, black combined with gold and red dresses, he said. “Brides take bold risks with their dresses to make a statement and have fun. A black dress is classic and something you can wear again and again,” Mistry said.

Enaura Bridal founder Sohil Mistry expects the black wedding dress to stick around for a while.

Mistry is betting that the black wedding dress isn’t just a passing fad.

“The wedding industry moves quite slowly in terms of trends,” he said. “It’s only picking up now. Trends can stay for at least five to ten years.”

How should brides complement the black wedding dress?

Simple. Stick to the trusted tuxedo, according to men’s suit salesman Men’s Warehouse.

“A classic black tuxedo is always a safe bet to complement a black wedding dress. However, tuxedos are a great way to add some chic personality to your wedding look and will complement a black wedding dress due to their inherent elegance. Classic white and ivory tuxedos are very popular right now and will add a welcome contrast to a black wedding dress,” said a spokesperson for the retailer.

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Creation of more than 11.6 million jobs in India, exports of nearly $5 billion: Amazon https://stefmike.org/creation-of-more-than-11-6-million-jobs-in-india-exports-of-nearly-5-billion-amazon/ Sun, 15 May 2022 09:02:06 +0000 https://stefmike.org/creation-of-more-than-11-6-million-jobs-in-india-exports-of-nearly-5-billion-amazon/

Amazon India is on track to fulfill its key promises for the country. On Sunday, the e-commerce giant announced that it has cumulatively created more than 11.6 lakh direct and indirect jobs, enabled about $5 billion in cumulative exports and digitized more than 40 lakh MSMEs in India so far.

Manish Tiwary, Country Manager, India Consumer Business Amazon India said, “We have accumulated over 11.6 lakh jobs, enabled nearly $5 billion in exports and digitized over 40 lakh MSMEs in India. As we continue to work with MSMEs across the country, we remain committed to bringing new tools, technologies and innovations that will unleash the entrepreneurial spirit of Indian businesses, boost the country’s exports and help create jobs in India. large scale.

Explaining the creation of over 11.6 lakh direct and indirect jobs, Amazon said its efforts to digitize MSMEs and boost the country’s exports are helping create tens of thousands of livelihood opportunities in the ecosystem.

Amazon has helped create more than 135,000 direct and indirect jobs across all industries over the past year. These jobs are in industries such as IT, e-commerce, logistics, manufacturing, content creation, skills development, and more, as well as other indirect jobs that Amazon has helped create in the seller community.

Streamlining Amazon Global Selling on track to cross $5 billion in cumulative e-commerce exports, Amazon said it is focused on building a robust infrastructure to help Indian businesses reach out to customers in over 200 countries and territories, build global brands from India and greatly increase exports through its Global Sales Program.

The Amazon Global Selling program is seeing rapid momentum and at present, there are over one lakh (100,000) exporters on the program who are on track to cross $5 billion in cumulative exports. Amazon Global Selling took three years to enable the first $1 billion in cumulative exports and only 17 months to enable the last $2 billion.

Additionally, Amazon has enabled digital for more than 4 million MSMEs, including vendors, artisans and weavers, delivery and logistics service partners, and more. The company’s digitization efforts enable small businesses, including local retail stores, local artisans and entrepreneurs, to reach their customers and expand their reach even further. Last year in June, Amazon opened its first Digital Kendra in Surat to bring the benefits of digitalization closer to small businesses. The Kendra has already served more than 4000 small businesses in Surat and neighboring regions in their digitization journey.

At its inaugural annual Amazon Smbhav event in January 2020, the Jeff Bezos-backed company pledged to digitize 1 crore (10 million) MSMEs, enable $10 billion in cumulative exports and create 20 lakh (2 million) jobs in India by 2025. .

It said in a statement: “Amazon is on track to deliver on these promises, while effectively doubling its export promise from India, to now enable $20 billion in cumulative exports from India. ‘here 2025’.

Later last year, at Amazon Smbhav 2021, the company announced the $250 million Amazon Smbhav venture capital fund to invest in startups and entrepreneurs who focus on technological innovations. The fund focuses on supporting entrepreneurs and startups doing innovative work in the area of ​​SME digitization. As part of the fund, Amazon has already invested in “MyGlamm”, “M1xchange” and “Small Case”.

The company remains committed to leveraging its human and technological resources to invest in priority areas for the Fund, including multiple new and emerging areas that are experiencing a high degree of innovation and entrepreneurial energy, he said. stated in the press release.

“We strongly believe that technology and the mobile internet will continue to have a positive impact on India’s economic growth, and we see Amazon playing a bigger role in the country’s digital transformation and in a modern and digital economy. thriving,” added Tiwary.

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Law enforcement shares advice for parents buying formula online https://stefmike.org/law-enforcement-shares-advice-for-parents-buying-formula-online/ Wed, 11 May 2022 17:07:00 +0000 https://stefmike.org/law-enforcement-shares-advice-for-parents-buying-formula-online/

Knoxville, Tenn. (WVLT) – Supply disruptions and a safety recall have forced parents across the United States to scramble to find formula as many brands are nowhere to be found on store shelves.

As a result, parents and caregivers in need are not only going store to store and browsing online, but they are also turning to social media, such as Facebook Marketplace, to find formula for their babies.

WVLT News reached out to Knoxville law enforcement, who shared advice for those buying formula from an online vendor, with many finding themselves with nowhere to go.

Knoxville Police Department spokesman Scott Erland said he should verify the person’s identity and arrange to complete a transaction in a well-lit public space. He noted that the KPD headquarters would be a good place for this, as it remains well lit and officers and security cameras are on site.

When arranging an in-person transaction, as authorities discourage entirely online shopping with vendors, Erland said he plans to bring at least one other person with you.

Once there, make sure the formula is new and has never been opened or tampered with.

Erland urged parents to beware of price gouging when researching infant formula, saying there could be ‘bad actors’ trying to buy large quantities of infant formula and then resell it for a profit. . To prevent this from happening and due to the shortage, a CVS spokesperson said via email that customers have a product limit of three babies per purchase in stores and online. According to the Associated Press, Walgreens has also started limiting the formula available per shopper.

However, on the other hand, deals that sound too good to be true should be treated with caution.

“Again, verify the identity of the seller and do not provide any financial information or money until the transaction is complete,” Erland concluded.

On Monday, White House press secretary Jen Psaki said the Food and Drug Administration was “working around the clock to address potential shortages.” The next day, May 10, the FDA said it was working with US manufacturers to increase production and streamline paperwork to allow more imports.

For now, pediatricians and healthcare workers are urging parents who can’t find formula to contact food banks or doctors’ offices. They caution against diluting the formula to stretch supplies or using DIY recipes online.

Dr Malinda Harris, a neonatologist at Children’s Hospital of East Tennessee who specializes in babies six months and younger, said: “It can be very dangerous. This formula is meant to be mixed according to the box instructions. And if you change the components and try to dilute it, it will last longer but put your baby at risk.

Copyright 2022 WVLT. All rights reserved.

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ON YOUR SIDE; Many rural internet customers say they were scammed by a company posing as an authorized reseller https://stefmike.org/on-your-side-many-rural-internet-customers-say-they-were-scammed-by-a-company-posing-as-an-authorized-reseller/ Tue, 10 May 2022 03:23:00 +0000 https://stefmike.org/on-your-side-many-rural-internet-customers-say-they-were-scammed-by-a-company-posing-as-an-authorized-reseller/

SPRINGFIELD, Mo. (KY3) – Internet service has quickly become a necessity.

However, getting reliable coverage in rural areas can be difficult.

An investigation on your end reveals a company posing as an authorized reseller of a major supplier. They promised high quality service but failed to deliver.

Carrie McGinness said: “He’s a crook. I mean, he’s a scum.

“It was only a matter of time before we got angry enough and now you’re caught,” Janet Taylor said.

Along with dozens of people in rural areas of the Ozarks, they say they were had by PTN Internet and Matt Peterman. They say they signed up for what they thought was high-speed internet access only to get the bypass when they asked why their service had been interrupted.

Taylor says Peterman told her, “My ISP said they wouldn’t use my current router. You are going to have to buy another one and this one will cost you $700. Its price will increase by another $30 per month.

“We woke up one morning and had no internet at all and couldn’t get in touch with him,” McGinness said.

Many customers say they have canceled their service with PTN Internet.

Taylor said: “I went with this company. He said, well, you know, they sublease to AT&T, right. I said isn’t that what you do. He said, well, yeah, I guess I am.

AT&T sent us this statement after investigating our requests to verify PTN Internet’s affiliation:

“The company that sold these devices was not an authorized reseller of our services. The people who lost service were not our customers, but we can work with them to get them back online if they visit one. of our retail stores.

Additional information from AT&T can be found here.

When asked about this, Peterman sent us this message stating that he was using what he thought was a reputable company to provide services and that he had also been duped, lost a lot of money and his company was now bankrupt.

His old customers don’t buy him.

Kevin Knecht asked, “Did he fool AT&T and that’s why cut it?”

We said, “They have no record of him.”

He asked again, “They have no record of him?

“No”, we said.

“Or PTN? Oh my God,” Knecht said.

“He’s a computer genius. That’s what his job was like when I knew him when we worked together in the same public school system. He was the IT guy, the IT guy,” Taylor said.

Other current customers tell us that Peterman is still trying to collect overdue invoices, issuing invoices less than a week ago.

” I know him since a long time. My husband has known his family since he was little. We trusted him. We wanted to support the small entrepreneur. For him to do this to his family and friends is just infuriating,” Taylor said.

Peterman declined our request for an official interview.

Many of his former clients have filed complaints with state and federal agencies.

AT&T representatives urge you to do your homework and verify that a company is a verified reseller of any ISP service.

To report a correction or typo, please email digitalnews@ky3.com

Copyright 2022 KY3. All rights reserved.

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Afterpay to socialize Block payments https://stefmike.org/afterpay-to-socialize-block-payments/ Fri, 06 May 2022 01:44:00 +0000 https://stefmike.org/afterpay-to-socialize-block-payments/

This would ultimately help connect Block’s ecosystems, and “by strengthening those connections, we see a lot of power and a lot of value being created for our customers, both in the seller space and in the individual space,” Mr. Dorsey said.

“We’re just starting to integrate Afterpay into Cash App,” he said, while admitting that the integration of Afterpay into Square has been awkward.

“We are still very early in this integration. It’s the greatest thing our company has ever done.

Block will host a virtual Investor Day on May 18 where it will provide more details on how Afterpay will connect Cash App users – who can currently spend, deposit, buy bitcoin or pay their taxes within the app – with its network of merchants, who use Square retail terminals and software to accept payments and manage businesses.

Mr Dorsey said one idea was to refer customers walking in a particular suburb or using social media to nearby shops via smartphone geolocation technology, or to providers of goods or services relevant to them. Cash App will create a store directory similar to the one that helped Afterpay become the number two lead referrer for many retailers after Google.

Investor Day could also provide more details on how Block plans to add social media components to its app. “Absolutely, payments are inherently social,” Dorsey said, responding to a Citi analyst who asked the former Twitter CEO about social media plans.

“We think there are a lot more discoveries with Afterpay, another step. We believe there are social networks on the vendor side, the vendor employee base, within Cash App and within Tidal [a music service also owned by Block].

“We recognize that payments are something people do at least once a week and it’s a very social thing. We want to make sure we reflect that in the app, in the architecture, and in how we provide service to customers around the world. »

Comments about a more deliberate focus on social media come as Elon Musk buys Twitter, after Jack Dorsey quit as CEO last year to focus on Block, where he dabbled in bitcoin along with payments and e-commerce.

He said Cash App and Square will continue to expand globally and offer a similar set of features in each country.

Higher losses

Block’s gross profit of $1.3 billion rose 34% as Cash App posted the highest quarterly inflows ever in the first quarter.

With the US Federal Reserve and Reserve Bank of Australia raising interest rates and signaling more to come, Afterpay’s credit models will be tested considering the entire buy now, pay category. later that Afterpay created never existed in a rising rate environment.

Block said losses on transactions, loans and trade receivables were $91 million in the first quarter of 2022, up 347% year-over-year due to losses related to Afterpay. Block released first-half Afterpay accounts last month, showing the total provision for expected credit losses had risen to $151 million from $99 million.

Ms. Ahuja said Afterpay’s gross loss for the first quarter was 1.17% of Afterpay’s sales, matching the level of the second half of last year and prior periods. Previous Afterpay disclosures report 1.5% of sales as losses in FY18, 1.1% in FY19, 0.9% in FY20 and 0.9% in of FY21.

“We continue to see healthy consumer repayment behavior with 95% of installments being paid on time,” she said.

“It’s a competitive market and we’re holding our own. Our goal, in the short term, is to attract quality customers to our platform, deliberately manage our dropout rates and increase user frequency.

“We are onboarding these consumers responsibly and maintaining discipline here. When you manage loss rates you are deliberately compromising on growth, but we think that’s the right thing to do in this environment.

Afterpay grew to 144,000 merchant customers, up 68% year-over-year, with nearly 13,000 Square merchants adopting Afterpay BNPL in Q1, increasing the overall number of Afterpay by 10%.

Afterpay now has 20 million active consumer users, up 37% year-on-year, Ms Ahuja said.

Reference network

Mr Dorsey pointed to a desire to get into online referrals to retailers, a business dominated by Amazon and Google. He said there have already been 350,000 leads from the Cash app to Afterpay sellers “and we expect that to continue to grow.”

“Over time, Cash App will be one of the best ways to discover product companies and businesses around the world – and also around you,” he said.

“The discovery aspect is one of the main reasons we made this acquisition and why we believe it is so strategic to our entire business. This will enable the entire Cash App ecosystem – all of our customers – to discover products and sellers online and offline, Square sellers and merchants in the neighborhood This lead generation is very important and we believe it can grow quite massively.

“It will allow people, for the very first time in Cash App, to explore all of these products and merchants and of course we want to make it as smooth as possible.”

Analysts are pushing Block to expand its credit offering beyond the short-term interest-free installment offering launched by Afterpay. In the United States, other buy-it-now and pay-later providers, including Klarna and Affirm, offer a variety of credit options to users.

Morgan Stanley said in a recent report that it “still believes Cash App/Afterpay will need a broader set of credit offerings beyond Afterpay’s interest-free model to fully capture the market opportunity. brought to you by the large Gen Z/Millennial demographic.” He believes growth is priced in Block’s stock price and said in March he preferred Affirm.

On bitcoin, Block said 10 million Cash App accounts have purchased bitcoin, and Mr. Dorsey is now using the Bitcoin Lightning Network to enable bitcoin to be used for small daily transactions, with instant, free settlement.

Offering bitcoin would “improve the likelihood and speed of serving a more global customer base,” he said.

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Owners pump €2m into Elefant.ro as online retailer’s losses mount https://stefmike.org/owners-pump-e2m-into-elefant-ro-as-online-retailers-losses-mount/ Wed, 04 May 2022 05:50:20 +0000 https://stefmike.org/owners-pump-e2m-into-elefant-ro-as-online-retailers-losses-mount/

Moldovan businessman Ion Sturza and investment fund Olif și Catalyst Romania, as shareholders, increased from 9.9 million RON (equivalent to 2 million EUR) to 74.9 million RON (15 million EUR) the capital of Elefant Online – which operates the online store Elefant.ro.

Millenium Gold Resources Limited, a vehicle of Sturza, converted a loan of RON 6 million into shares. The retailer’s two other shareholders, Olif and Catalyst Romania, participated with cash contributions of RON 2.91 million and RON 981,920 respectively, Profit.ro reported.

The online retailer, the second in the country by number of orders (after eMAG), according to Profit.ro, recorded greater losses in 2021.

Elefant Online, with RON 17.5 million (EUR 3.5 million) bonds listed on the BVB, maturing in 2026, announced that its losses have worsened to RON 16.7 million (3 .3 million EUR) in 2021, compared to 1.9 million RON in 2020. Last year, the company’s turnover slightly decreased by 2.8% to 232.8 million RON (46 million EUR), while operating costs increased by 17.6% to RON 56.2 million.

The consolidated accounts have been drawn up on a going concern basis, explain the auditors, adding that the Group’s ability to continue to operate depends on the company’s ability to generate sufficient turnover and on the financial support of its shareholders.

andrei@romania-insider.com

(Photo source: the company)

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Heinemann bows out as only European travel retailer to return to profit https://stefmike.org/heinemann-bows-out-as-only-european-travel-retailer-to-return-to-profit/ Sat, 30 Apr 2022 22:00:25 +0000 https://stefmike.org/heinemann-bows-out-as-only-european-travel-retailer-to-return-to-profit/

One of the world’s largest travel retailers, Gebr. Heinemann, has gone where none of its European competitors have gone in 2021: in profit. That’s quite a feat given that air travelers – who are the travel retail industry’s biggest shoppers – were scarce in airport stores last year, with 5.4 billion passengers actually checked out. compared to 2019.

As an unlisted family business, Heinemann has rarely talked about profitability in the past. This time around, in his full-year earnings call, he changed that stance slightly to say the return to profit was “a major success”, although no further details were given.

It is likely that the company has just returned to the black given the warning “excluding currency effects” but, given the reduced number of travelers, the news is welcome.

Europe’s biggest rivals, while making big moves on their 2020 losses, were still in the red. Dufry’s 2021 results showed a net loss of $375 million (CHF365 million) while Lagardère Travel Retail’s results showed its recurring EBIT negative at $84.4 million (CHF81). millions of euros).

Heinemann Group revenue in 2021 increased 31% year-on-year to $2.2 billion (€2.1 billion), still less than half (44% ) of its 4.8 billion euros in 2019 before the pandemic. For the current year, the Hamburg-based company hopes that the turnover will reach 75%.

Stick to a 75% goal

Although the figure was calculated before the start of the Russian-Ukrainian war and before the inflation rate in the European Union rose, the company stuck to its forecast. The first quarter reached 67% according to general manager Raoul Spanger. In an online conference, he added: “When we reach our target in 2022, we will be looking for solid profitability.”

at Heinemann duty-free trade at borders was one of the pillars that helped it weather the worst of the Covid crisis when airports sank. In 2020, border activity increased to 21% of activity, compared to 12% in 2019, and last year it fell back to 13%.

The return to profitability was facilitated by strict cost management, which also led to a reduction in the workforce (from just under 10,000 in 2019 to 6,700), as well as savings additional gains achieved through negotiations with airport owners and other business partners. Government support measures during the pandemic in several countries have also helped, although they are running out of steam.

Chief Financial Officer Stephan Ernst – who will leave at the end of June and hand over the reins to Kai Deneke (an internal promotion) – said in a statement: “What has gotten us through the crisis and gives us momentum for the future is This is the continued support of our shareholders and major banks, and we earn their trust through transparent communication: what we promise and what we deliver is consistent.

What will sustain the revival?

Regularly winning airport tenders is a way to drive the business forward. Successfully defending Heinemann’s position in Norway, a major airport duty free company, through its Travel Retail Norway joint venture has been a great success. The contract secures operations at Oslo, Bergen, Trondheim and Stavanger airports until 2027. “Norway has been a real stage for our business in this crisis, almost like a fast-forward button,” Spanger said. .

In addition to Norway, Heinemann opened a total of 19 new stores in 14 countries in 2021, at airports, border crossings, on cruise ships and ferries, as well as a resort destination in Macau. Sites included Bologna (Italy), Lviv (Ukraine), Malaysia and Australia, with new business also in Russia and Kazakhstan.

“Our strongest markets were Eastern Europe and Southeastern Europe, particularly airports in Kyiv, Moscow, Istanbul and Tel Aviv,” Spanger said. “We were significantly stronger there in 2021 than in Northern and Central Europe. The lower the complexity of a site, the faster it returns to growth.”

Russia’s invasion of Ukraine in late February halted or reduced some of this growth. During the online call, the company’s CEO, Max Heinemann, said, “Our business has been suspended in Ukraine for an unpredictable period, and we have decided to suspend deliveries of all products to Russia.”

Russian stores remain open

However, with its Russian joint venture partners at the Moscow airports of Sheremetyevo, Domodedovo and Zhukovsky, as well as at the regional airports of Yekaterinburg, Nizhny Novgorod and Novosibirsk and Samara, almost all of the company’s stores are still open.

Airspace bans in North America and Europe will impact these stores as international travel from Russia’s main gateways declines. In addition, the company operates Russian border stores at six crossing points with Norway, Finland, Estonia, Lithuania, China and Ukraine under a joint venture.

While Asian international travelers remain elusive — and high-spending Chinese are still absent from all non-Chinese airports — the Hamburg-based travel retail company sees a good spending trend. “We continued to miss Asian travelers in Europe in 2021, but their absence did not impact spend per passenger as significantly as we had anticipated,” Spanger said. “Fewer people are traveling, but the propensity to buy continues unabated and many travelers are spending far more money than before the crisis.”

A good example is Istanbul airport: a hub that has not suffered as much as the others. The gateway recorded good sales even though only 50% of retail spaces were open and passenger volume was about half that of 2019. “Our sales for 2021 were about 70% of pre-crisis levels,” said Aydin Celebi, Heinemann sales manager for the Middle East and Turkey. “The figures show that when travelers pass through Istanbul, they buy a lot more than before the pandemic.”

The distribution of Heinemann’s retail and distribution business also helps stabilize the ship. While revenue is retail weighted at 76% (vs. 81% in 2019), the distribution side (20%, vs. 17% in 2019) has supported the business through the troubled waters of Covid. “Our distribution customers have been and are a huge help in stabilizing our business,” Spanger noted.

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Amazon’s earnings and outlook fall short as warehouse and fuel costs soar https://stefmike.org/amazons-earnings-and-outlook-fall-short-as-warehouse-and-fuel-costs-soar/ Thu, 28 Apr 2022 22:44:00 +0000 https://stefmike.org/amazons-earnings-and-outlook-fall-short-as-warehouse-and-fuel-costs-soar/

April 28 (Reuters) – Amazon.com Inc (AMZN.O) delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was overwhelmed by higher costs to run its warehouses and deliver packages to customers.

The shares fell 9% in after-hours trading.

After a long sales surge during the COVID-19 pandemic, Amazon faces a litany of challenges. The company’s expenses ballooned as it offered higher wages to attract workers. A fulfillment center in New York has voted to create Amazon’s first U.S. union, a result the retailer disputes. And the higher price of fuel risks lowering consumers’ disposable income just as it makes delivery more expensive for Amazon, the world’s largest online retailer.

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Amazon forecasts show that the price hike of its Prime fast delivery club last quarter may not be enough to support its profits. The company expects to lose up to $1 billion in operating profit this quarter, or gain up to $3 billion. That’s down from an operating profit of $7.7 billion in the same period last year.

“It was a tough quarter for Amazon with trends in all key areas of the business going in the wrong direction and a weak outlook for the second quarter,” said Insider Intelligence principal analyst Andrew Lipsman.

Still, there were bright spots, like Amazon Web Services, the division headed by new CEO Andy Jassy before he took over the company last year. The unit increased revenue 37% to $18.4 billion, slightly ahead of analysts’ estimates.

Jassy said the company has finally met its staffing and warehouse capacity needs, but it still has work to do to improve productivity.

“It may take some time, especially as we deal with inflationary pressures and the ongoing supply chain,” he said in a press release. unheard of since the months immediately preceding the pandemic in early 2020.”

Amazon’s results challenged consumer demand. As online store sales fell and the number of products sold remained flat in the first quarter, the retailer’s chief financial officer, Brian Olsavsky, said the company was pleased with the pace of shoppers’ purchases. Inflation has not depressed typical order patterns so far, he said.

Net sales were $116.4 billion in the first quarter, in line with analyst expectations, according to IBES data from Refinitiv.

Amazon posted a loss of $3.8 billion, or $7.56 per share, compared with a profit of $8.1 billion, or $15.79 per share, a year earlier. That partly reflects a $7.6 billion drop in the value of its stake in electric vehicle maker Rivian.

In North America, the company’s largest market, sales rose 8% while operating expenses jumped 16% to $71 billion.

Olsavsky told reporters the company had about $6 billion in additional costs over the previous year, including $2 billion from inflationary pressures. These ranged from higher salaries – although the company has cut signing bonuses significantly – to fuel costing 1.5 times what it did a year ago. Russia’s invasion of Ukraine has helped push prices higher, Olsavsky told analysts.

Amazon aims to optimize transfers between warehouses to control expenses. It’s also in the unusual position of having excess warehousing and transportation capacity – costing it about $2 billion in the first quarter.

That means Amazon has to fulfill more orders to justify the space, said Scott Mushkin, founder of research firm R5 Capital. The ability will likely come in handy on Prime Day, Amazon’s annual sales blitz. The company announced Thursday that the event will take place in July.

“They now have a huge amount of distribution and logistics infrastructure. To take advantage of that, they need the volume,” Mushkin said.

The e-commerce giant’s results in physical retail were mixed. In March, Amazon announced plans to close its 68 bookstores, pop-ups and other home goods stores, while shifting its focus to groceries. He recently automated two Whole Foods locations to make them cashier-less, for example. Sales at the company’s physical stores rose 17% to $4.6 billion.

Amazon’s outlook reflects broader industry challenges. Just this week, one of Amazon’s partners, United Parcel Service Inc (UPS.N), said it expects e-commerce delivery growth to slow. Read more

Amazon’s projected net sales will be between $116 billion and $121 billion for the second quarter. Analysts had expected $125.5 billion, according to IBES data from Refinitiv.

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Reporting by Tiyashi Datta in Bengaluru; Editing by Sriraj Kalluvila and Lisa Shumaker

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Walmart offers deeper gas discounts to attract and retain subscribers https://stefmike.org/walmart-offers-deeper-gas-discounts-to-attract-and-retain-subscribers/ Wed, 27 Apr 2022 04:01:01 +0000 https://stefmike.org/walmart-offers-deeper-gas-discounts-to-attract-and-retain-subscribers/

As prices soar at the grocery store and gas station, Walmart said Wednesday it will offer deeper fuel discounts to entice more customers to join and renew Walmart+.

Chris Cracchiolo, senior vice president and general manager of subscription service Walmart+, said the daily spend is on the minds of many shoppers, “especially in this highly inflationary environment.” He said the retailer recently surveyed its customers and about half said they were changing their behavior because of the more expensive fuel.

Walmart turned to the subscription service, which launched about 18 months ago, as a way to expand its e-commerce business and encourage customers to increase spending in-store and on the website. It also served as Walmart’s response to Amazon Prime.

Walmart+ costs $98 per year or $12.95 per month. It includes free delivery on online purchases, free home grocery deliveries on orders of $35 or more, prescription discounts, and other perks.

With inflation at its highest level in four decades, Walmart is adapting its low prices as a competitive advantage. Walmart CEO Doug McMillon told CNBC late last year that the company would use inflation as an opportunity to win customers. Earlier this month, the company aired a new TV ad emphasizing that Walmart was the place to find value at a time when “every day seems to be getting more and more expensive.”

This strategy carries over to Walmart+.

Starting Wednesday, Walmart+ members will be able to save up to 10 cents per gallon at more than 14,000 gas stations. The retailer was already offering a fuel discount, but it’s doubled the savings and increased the number of eligible gas stations sixfold through a partnership with Exxon Mobil.

Other companies, including Walmart-owned Sam’s Club, BJ’s Wholesale and Krispy Kreme, have also introduced fuel discounts.

The national average for a gallon of regular gasoline was $4.13 on Tuesday, according to AAA. That’s an increase of more than 43% over the previous year’s pump price of $2.89.

Cracchiolo, who has already spent nearly two decades at American Express, said Walmart decided to extend this benefit after reviewing members’ fuel consumption and hearing from them and potential members about the importance of this particular benefit. .

Walmart does not publicly share membership data, but Cracchiolo said members are more lucrative and frequent shoppers than its non-subscriber customers. Additionally, Walmart+ members spend more than twice as much with the company as the typical Walmart shopper, since they shop both online and in-store.

“We know that Walmart+ customers are more loyal to Walmart,” he said. “They give us a higher share of their overall wallet. They transact with us more frequently and spend more on average than non-members, and that behavior is really because we’ve developed that trust and they see the value of the program.”

He added that the grocery part of the business is “at the heart of how members shop with us.”

Over the past year, Walmart has added more perks to attract customers. It gave members the first information about deals and exclusive access to coveted game consoles during the holiday season. It also hosted a members-only sales event and began offering popular delivery time slots, such as weekend mornings, to members only. And, in March, it offered six free months of Spotify Premium to Walmart+ members.

Walmart also announced last month that all store and warehouse employees would get free membership as an employee benefit, allowing them to share feedback and have a personal experience when recommending Walmart. + to customers.

Scot Ciccarelli, retail analyst at Truist Securities, said Walmart, the nation’s largest grocer, has a natural advantage over other companies with membership programs. He said consumers are less likely to cancel a program at a food retailer than they would for, say, a streaming service.

He said Amazon had shown the power of subscription services and how they boost purchases by making them quick and easy.

“The number one thing you get from a subscription service if you get people to sign up is stickiness,” Ciccarelli said. “You’re kind of locked in. You’ve made the investment, might as well use the service. Someone who used to shop with me twice a month, now maybe they shop with me four or five times per month. “

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SmithGeiger’s Elevate Division and Futuri Launch TopLine-Pivot, the Next Generation of Business Intelligence for Media Sellers https://stefmike.org/smithgeigers-elevate-division-and-futuri-launch-topline-pivot-the-next-generation-of-business-intelligence-for-media-sellers/ Mon, 25 Apr 2022 14:08:36 +0000 https://stefmike.org/smithgeigers-elevate-division-and-futuri-launch-topline-pivot-the-next-generation-of-business-intelligence-for-media-sellers/ Copyright 2022 PR Newswire. All rights reserved
2022-04-25

Industry leaders are coming together to deliver storytelling at scale to help broadcasters drive new business conversations and revenue.

LOS ANGELES, April 25, 2022 /PRNewswire/ — The SmithGeiger Group’s Elevate division, specializing in consumer research related to advertising and marketing, and Futuri, the leading provider of AI-powered audience engagement and business intelligence solutions for broadcasters, today announced the launch of TopLine-Pivot. Specifically designed for the needs of TV and digital video sales managers, TopLine-Pivot integrates world-class offerings from these industry leaders to deliver personalized, localized services. storytelling for large-scale sellers.

TopLine-Pivot is designed to give TV and digital video sales managers a constant stream of up-to-date, easy-to-digest market research to quickly generate new business conversations and revenue.

In an age when advertisers demand data and strategic justification for every ad dollar, TopLine-Pivot empowers sales teams to deliver custom, data-driven presentations and infographics based on local quality.

“TopLine-Pivot is like every digital TV and video seller has their own virtual research director and graphic designer to create custom stories, audience profiles, one-sheets, and mini-pitch in one record time,” SmithGeiger told Elevate. Nicole Bergen. “In the digital age we operate in today, business owners want information they don’t have access to to make decisions. They want insights they haven’t thought of to accelerate their growth. Our salespeople need to arrive informed and armed with information to have meaningful conversations in local markets, and TopLine-Pivot is here to make that easy.”

“This is a time of enormous change for TV revenue leaders. The transactional pie is shrinking, and often there is little cultural support for development companies. At the same time, new disruptive competitors are creating a difficult environment”, said the CEO of Futuri. Daniel Anstandig. “We partnered with SmithGeiger and by Nicole Bergen Elevate the team to create this revolutionary system that provides turnkey business intelligence, accelerates sales cycles, and empowers TV and digital video sales managers to spend more time doing what they do best: to sell.

TopLine-Pivot will be previewed by Elevate Founder Nicole Bergen and Revenue Director of Futuri Todd Stotch at the 2022 NAB Show in the session What streaming brands need to know about the future of monetization, which takes place on Monday April 25, at 4 p.m. PT in the Capitalize Zone’s Innovation Theater; get more information at futurimedia.com/NABShow2022. You can also learn more about TopLine-Pivot at futurimedia.com/toplinepivotlaunch.

For more information:

About Elevate, a division of SmithGeiger
Elevate speaks to over 50,000 consumers and tests over 1,000 ads each year. They specialize in helping US businesses and marketers connect with today’s distracted consumers to increase marketing effectiveness. Through in-depth, local and personalized search explorations powered by SmithGeiger, Elevate facilitates consumer conversion and revenue growth for brands across the United States in a variety of verticals. Elevate uses the best available research practices and methodologies to support its data collection and creative consulting processes. For more information, visit growwithelevate.com.


About Futuri
Futuri is the leading provider of cloud-based audience engagement and business intelligence software for broadcasters and digital publishers. Brands rely on Futuri solutions such as TopLine, which delivered $130 million advertising and sponsorship revenue to its broadcast partners in 2021, to make their content more relevant, accessible, engaging and results-driven. Founded in 2009, Futuri holds 14 patents issued or pending in 151 countries. Named to the Inc. 5000 list of America’s fastest-growing private companies for eight consecutive years, Futuri is the only audience engagement platform that includes solutions for sales, marketing and content teams. For more information, visit futurimedia.com.

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SOURCESmith Geiger; futuristic

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