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The Latest Breaking News from Global Ecommerce

Why Lands' End Shares Are Sliding Today

Lands' End Inc (NASDAQ:LE) reported a first-quarter FY22 sales decline of 5.5% year-on-year to $303.67 million, missing the consensus of $327.97 million. Global eCommerce revenue decreased 15.7% Y/Y. Net revenue in U.S. eCommerce fell 14.1%, and International eCommerce declined 21.7%, reflecting delayed receipts of key products due to global supply chain and macroeconomic challenges.…

Benzinga · Jun 2, 2022

Pitney Bowes Stock Plunges As Supply Chain Constraints Affect Q4 Earnings

Pitney Bowes Stock Plunges As Supply Chain Constraints Affect Q4 Earnings

Pitney Bowes Inc (NYSE:PBI) reported a fourth-quarter FY21 sales decline of 4.3% year-on-year, to $983.7 million, beating the analyst consensus of $961.63 million. Global Ecommerce revenue fell 9% Y/Y to $473 million, Presort services increased 16% to $156 million, and SendTech Solutions declined 6% to $354 million. Total costs and expenses declined 2.8%…

Benzinga · Feb 1, 2022

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