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Tag: narrows

ShopClues narrows losses to Rs 68.58 cr in 2018-19, Retail News, ET Retail

New Delhi: E-commerce platform ShopClues narrowed its losses to Rs 68.58 crore in the year ended March 2019 compared to the previous financial year. The company, which is registered as Clues Network, had registered a loss of Rs 208.14 crore in 2017-18, according to documents sourced by business intelligence platform Tofler. ShopClues’ revenue from operations …

ShopClues narrows losses to Rs 68.58 cr in 2018-19, Retail News, ET RetailRead More

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’

J.C. Penney put a positive spin on another tough quarter and even boosted its full-year profit outlook. The embattled department store chain reported that its net loss narrowed to $93 million, or 29 cents per share, in the quarter ended Nov. 3, from $151 million, or 48 cents a share, in the year-ago period. Excluding …

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’Read More

Flipkart Group narrows losses to Rs 17,231 cr in FY19, Retail News, ET Retail

NEW DELHI: Flipkart Ltd, the Singapore holding company of the Indian e-commerce major, narrowed its losses to Rs 17,231 crore (USD 2.42 billion) for the fiscal ended March 2019, while revenues grew by 42 per cent over the previous year, according to financial data platform Paper.vc. The group managed to achieve a 63 per cent …

Flipkart Group narrows losses to Rs 17,231 cr in FY19, Retail News, ET RetailRead More

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET Retail

NEW DELHI: Amazon Seller Services, the online marketplace arm of the e-commerce giant in India, has narrowed its loss to Rs 5,685 crore for 2018-19. This is a 9.5 per cent decrease from the last financial year, when the company had posted a loss of Rs 6,287.9 crore, as per documents sourced by business intelligence …

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET RetailRead More