Rakuten has huge profit increase

Rakuten has huge profit increase

Fourth quarter and full fiscal year profits have grown considerably for Japanese eCommerce company Rakuten, mainly thanks to the purchase of American Ebates.com.

Ebates.com experiences growth

Rakuten's operational profit in its fourth quarter reached 33.3 billion yen (245 million euro), a 73 % increase compared to the year before. A sizable portion of that growth comes from its American acquisition, Ebates.com, for which Rakuten paid one billion dollars (875 million euro) October 2014. It immediately paid dividends, as its turnover grew 51.3 % in its fourth quarter.

 

Over the past several years, Rakuten has bought several sites in different countries in an attempt to decrease its dependency on its Japanese home territory. Currently, Japan still represents 90 % of its turnover, but that market only has limited growth potential.

 

For its entire fiscal year, Rakuten's operational profit grew 18 % to 106 billion yen (782 million euro), while its turnover grew 15.4 % to 599 billion yen (4.4 billion euro).

Questions or comments? Please feel free to contact the editors


Alibaba invests billions in physical retail

28/08/2017

Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.

Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Back to top