Coupang just released second quarter earnings, and it was a mixed bag. Net revenues rose 25% year-over-year on a reported basis to $7.3 billion.
16 May 2024 Date | | - Cons. EPS | - EPS |
22 Feb 2024 Date | | - Cons. EPS | - EPS |
29 Nov 2023 Date | | - Cons. EPS | - EPS |
16 May 2024 Date | | - Cons. EPS | - EPS |
22 Feb 2024 Date | | - Cons. EPS | - EPS |
29 Nov 2023 Date | | - Cons. EPS | - EPS |
Specialty Retail Industry | Consumer Cyclical Sector | José Ferreira Neves CEO | NYSE Exchange | 30744W107 Cusip |
GB Country | 6,728 Employees | - Last Dividend | - Last Split | - IPO Date |
Farfetch Limited is a prominent entity in the luxury fashion industry, operating mainly in the United States, the United Kingdom, and across the globe. Founded in 2007 and headquartered in London, United Kingdom, the company prides itself on being a comprehensive platform that caters to the complex and evolving demands of the luxury fashion market. Farfetch operates through three primary segments - Digital Platform, Brand Platform, and In-Store. Each segment plays a pivotal role in connecting consumers with an expansive range of luxury fashion merchandise sourced from an array of sellers including high-profile brands, boutiques, and department stores. The company's reach extends to approximately 190 countries and territories, showcasing its global impact and the widespread appeal of its platform.
A cornerstone of Farfetch's offerings, The Farfetch Marketplace is a global digital luxury fashion marketplace that bridges the gap between consumers worldwide and a broad spectrum of sellers. This platform is instrumental in availing merchandise from prestigious brands, boutiques, and department stores to consumers from around the globe.
New Guards stands as a platform dedicated to the designing, manufacturing, and distribution of luxury fashion brands. This segment underscores Farfetch's involvement in the intricate process of bringing luxury fashion creations to the market.
Representing Farfetch's foray into retail, Browns is recognized as a fashion and luxury goods retailer, whereas Stadium Goods specializes as a premium sneaker and streetwear marketplace and retailer. Both entities enrich the Farfetch ecosystem by offering bespoke and premium fashion products to discerning consumers.
These platforms extend Farfetch's digital presence, each offering unique online sales channels that cater to different facets of the luxury fashion market. From beauty products on VioletGrey.com to pre-owned luxury at Luxclusif and innovative retail solutions offered by Farfetch Future Retail, these initiatives demonstrate the company's multifaceted approach to e-commerce.
This service portfolio encompasses the development and operation of e-commerce and technological solutions tailored for luxury brands and retailers. Farfetch Platform Solutions aim to empower luxury fashion entities with the tools needed for digital transformation, assisting in areas such as digital marketing, production, and customer service.
In addition to its digital marketplace, Farfetch also operates physical stores for brands like Browns, Stadium Goods, Violet Grey, Off-White, Palm Angels, and Ambush. These stores serve to enhance the retail experience for customers, offering a tangible connection to luxury fashion brands.