Wallapop has reportedly raised 81 million euros (about $88 million) to grow its peer-to-peer marketplace. The Spanish firm, whose app facilitates buying and selling secondhand products, will use the new capital to continue expanding in Europe and investing in research and development (R&D), TechCrunch reported...
Some clothing firms are mulling creative resale partnerships as economic concerns continue to plague the sector. Slumping sales have clothing merchants, from Big Retail to Main Street, scrambling to make up for lost revenue. PYMNTS research has found that 68% of small retail businesses have...
Naver has completed its previously announced acquisition of Poshmark and aims to grow it globally. The Korean internet company said in a Thursday (Jan. 5) press release that its purchase of the social shopping platform will create a global online fashion reCommerce player and accelerate...
After months of declines that have seen investors fleeing and crushed valuations, the sudden outside interest of South Korea’s largest eCommerce group in acquiring Poshmark for $1.2 billion has done more to energize the resale platform sector than anything in recent memory. In short, Naver’s...
January 16, 2023
Some clothing firms are mulling creative resale partnerships as economic concerns continue to plague the sector. Slumping sales have clothing merchants, from Big Retail to Main Street, scrambling to make up for lost revenue. PYMNTS research has found that 68% of small retail businesses have compensated by raising prices, and so far that has been […]
October 04, 2022
After months of declines that have seen investors fleeing and crushed valuations, the sudden outside interest of South Korea’s largest eCommerce group in acquiring Poshmark for $1.2 billion has done...
December 26, 2023
South Korea’s Naver reportedly wants to export its 5G-based cloud robotics technology to new countries. The Seoul-based company makes service robots dubbed Rookies, the subject of a Tuesday (Dec. 26) report by the Financial Times (FT). That report said that the company has been working on integrating these robots into its offices, where they carry out tasks […]
January 20, 2023
Wallapop has reportedly raised 81 million euros (about $88 million) to grow its peer-to-peer marketplace. The Spanish firm, whose app facilitates buying and selling secondhand products, will use the new...
January 06, 2023
Naver has completed its previously announced acquisition of Poshmark and aims to grow it globally. The Korean internet company said in a Thursday (Jan. 5) press release that its purchase...
October 03, 2022
New and used apparel and home goods reseller market Poshmark said it is being acquired by South Korea’s Naver Corp., the companies announced Monday (Oct. 3), in an all cash...
