Around the world, eCommerce companies look to grow their share of consumers’ overall retail spending. For Coupang, the real opportunity lies in boosting current customers’ spending more than gaining new shoppers. The multinational eCommerce company shared in its second-quarter 2024 earnings results, reported Tuesday (Aug....
South Korean eCommerce giant Coupang is seeing growing adoption of its latest products and services. Its fulfillment and logistics, grocery delivery and meal delivery offerings made gains during the first quarter, Bom Kim, founder and CEO of Coupang, said Tuesday (May 7) during the company’s quarterly earnings call. The company’s...
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on lower-income households. Banking names led the headlines, as the group was down by 4.1% through...
Coupang has become the latest to offer a fee-free fulfillment subscription through its on-demand delivery aggregator — a move that comes as key players in the space around the world turn to paid memberships to drive frequency amid consumers’ hesitation to pay the premium for convenience....
April 15, 2024
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on lower-income households. Banking names led the headlines, as the group was down by 4.1% through the week. The Banks Weigh In J.P. Morgan shares were […]
December 19, 2023
After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call,...
August 14, 2023
Vroom and Roblox were notable double-digit decliners, more than offsetting the positive impact of stock surges seen from the likes of Cogent. The CE 100 Index lost 2.1% this past...
January 09, 2023
One week in, and the CE 100 Index has already gained some ground, up 2.7%. This time around, the tailwind came as investors notably bid up stocks tied to several...
May 07, 2024
South Korean eCommerce giant Coupang is seeing growing adoption of its latest products and services. Its fulfillment and logistics, grocery delivery and meal delivery offerings made gains during the first quarter, Bom Kim, founder and CEO of Coupang, said Tuesday (May 7) during the company’s quarterly earnings call. The company’s Fulfillment and Logistics by Coupang (FLC), which gives suppliers access […]
December 19, 2023
Struggling luxury retailer Farfetch has been purchased by Coupang, the South Korean eCommerce giant. The deal gives Coupang greater access to the personal luxury goods space, while offering Farfetch $500 million to remain in operation,...
November 10, 2022
South Korean eCommerce platform Coupang reported its first-ever profit Wednesday (Nov. 9), a landmark the company attributed to its investments in technology. “We achieved another milestone this quarter, delivering record...
March 14, 2022
SoftBank’s Vision Fund has sold $1 billion with of shares in South Korean eCommerce company Coupang, Reuters reported Monday (March 14). The fund sold 50 million shares in Coupang at...
