• EBay's Revenue Grows 25% as Both Active Users and Product Sales Surge

    1 month ago - By Hypebeast

    Continuing to observe increased online retail spending amid the ongoing coronavirus pandemic and economy, e-commerce giant eBay has reported a 25 percent growth in revenue over the third quarter of 2020. In numerical terms, revenues came in at $2.6 billion USD, while gross merchandise volume recorded $25 billion USD, up 22 percent on a year on year basis. 19 million sellers across the globe served 183 million global active buyers, marking a 5 percent increase. Growth across the board generated GAAP net income of $621 million USD, or $0.88 USD per diluted share, while also bringing...
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  • Kontoor Brands revenues drop by 9 percent, expects recovery in Q4

    Kontoor Brands revenues drop by 9 percent, expects recovery in Q4

    1 month ago - By Fashion United

    For the third quarter, Kontoor Brands, Inc., having Wrangler and Lee under its portfolio, reported revenue decrease of 9 percent to 583 million dollars, on a reported and constant currency basis. The company said in a statement that revenue declines during the quarter were primarily driven by Covid-19 impacts, offset in part by increases in digital, new business development wins, and a 33 million dollars shift in the timing of U.S. Wrangler shipments from the second quarter to the third quarter of 2020.
    “Our strategic actions delivered strong results in the quarter and are enhancing the...
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