Transforming Retail. Together the EVENT for ECOMMERCE & MULTI-CHANNEL INNOVATORS
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Annual Report 2018 2 Annual Report 2018
ANNUAL REPORT 2018 2 ANNUAL REPORT 2018 ACCELERATING GROWTH PLAYING BY THE NEW RULES: IN THE DIRECT BRAND DATA GOVERNANCE, ECONOMY REVOLUTION ETHICS, AND LEGISLATION et’s not mince words: 2018 was a year of We see no reason to believe this direct brand ata is to the 21st century what capital massive disruption by any measure—and all economy will slow down, let alone go into reverse. This was to the 20th century. If you doubt that, Lsigns point to this disruption accelerating in “stack-your-own supply chain” is now so advanced and Dconsider this: In 2018, American companies 2019 and beyond. so embedded in the economy that the trends we’ve spent nearly $19.2 billion on the acquisition of For over a century, dominant consumer-facing seen for the past decade will only accelerate. audience data and on solutions to manage, process, companies created value through their ownership and and analyze digital audience data—a figure that operation of high-barrier-to-entry, capital-intensive It also represents an incredible represents a staggering 17.5 percent increase supply chains. The most successful companies owned opportunity for those who understand from the prior year (State of Data 2018 Report, outright or had significant control over every major the power of interactive media in this Winterberry Group, IAB). function within their supply chain, from the sourcing of new world order. This is the current data landscape—and the raw materials to the ownership of their factories and elephant in the room. warehouses, to the railway cars and trucks that got Digital advertising—whether display, search, or Our industry is at the center of a seismic change If you don’t have consumers’ trust, their goods to market. -
Watch Instructions
INSTRUCTIONS AND CARE INDEX 1 CLEANING YOUR WATCH 2 RESIZING YOUR STRAP MESH BAND ADJUSTMENT SIZING A LINK STRAP 3 SETTING YOUR WATCH STANDARD MOVEMENT ONE HAND MULTIFUNCTION CHRONOGRAPH CHRONOGRAPH RESET 3 HAND DAY AND DATE SOLAR POWERED WORLD TIME/ALARM AUTOMATIC WATCH CARE SKAGEN suggests the following solutions for cleaning metal and crystal surfaces: 3:1 SOLUTION OF AMMONIA-BASED WINDOW CLEANER TO WATER OR 4:1 SOLUTION OF RUBBING ALCOHOL TO WATER *Do not use soap products, as soap will leave residue behind when dry. These suggested solutions will evaporate cleanly from metal and glass surfaces. TO CLEAN THE CASE AND CRYSTAL Moisten a soft cloth with one of the above solutions. Gently wipe the case and crystal clean. Be careful not to put too much stress on the crystal as you clean. Avoid immersing or soaking the case or crystal portion of the watch, regardless of water-resistance rating. TO CLEAN THE BAND OR STRAP METAL Dip a cotton swab into one of the above solutions and gently rub it on the unclean area of the band. For more intricate mesh bands, you may want to use a soft-bristle toothbrush or nailbrush. Be sure to cover the case of the watch during this process so as not to soak it. For stubborn dirt, you may want to take your watch in to the nearest SKAGEN location. SILICON, FELT AND CERAMIC Simply wipe the strap down with a damp, soft cloth. Avoid soaps and solvents as they may damage the material. LEATHER Simply wipe it clean with a damp cloth, using water only. -
Strong in the New Normal 2.0
Strong in the New Normal 2.0 CORPORATE REPORT 2020 MISSION Contribute to society by creating value through innovation and entrepreneurship Our Philosophy Empowering people to realize their hopes and dreams. Embracing new thinking. The Rakuten Group’s mission is to contribute Rakuten changes the world through innovation. to society by creating value through innova- tion and entrepreneurship. By providing high-quality services that help our users and partners grow, we aim to VISION advance and enrich society. To fulfill our role as a Global Innovation Global Innovation Company Company, we are committed to maximizing both corporate and shareholder value. At Rakuten, we drive disruptive innovation, engaging knowledge, creativity and passion from around the world to achieve ambitious goals, and help build communities in which people can pursue their dreams and live in happiness. VALUES AND PRINCIPLES Rakuten Shugi (Rakuten Basic Principles) The core values of the Rakuten Group, along with the values and principles understood and practiced by Rakuten employees, embody Rakuten Shugi. The two components it consists of are the Brand Concepts and Five Principles for Success. With Rakuten Shugi as a common foundation, we place high value on the entrepreneurial spirit that drives us to get things done. By working with local communities and nurturing a robust corporate culture enabling each member of our diverse team to perform at their best, the Rakuten Group is committed to boosting corporate value and contributing to progress in society. 2 Rakuten Group, Inc. Corporate Report 2020 Contents Introduction 2 Business Strategies for Further Growth 24 Rakuten’s Governance 47 A Massive Expansion of Rakuten Ecosystem Amidst a Core Businesses 1 Conversation Once-in-a-century Digital Transformation of Society 2 E-commerce services show strong growth alongside Sarah J. -
Finding the Right Fit for Your Payments Omnichannel Payments for Salesforce Commerce Cloud
Finding the right fit for your payments Omnichannel payments for Salesforce Commerce Cloud Adyen, the global payments technology company, has been Features a Salesforce Commerce Cloud partner since 2010, supporting Accept 250+ payment methods top retailers. Full PCI compliance coverage As a Commerce Cloud LINK Technology Partner, Adyen is fully Credit Card Installments certified and integrated into the Commerce Cloud Commerce Solution. With Adyen’s LINK cartridge, Commerce Cloud Credit Card 3D Secure merchants can easily integrate with the global Adyen platform, Order details linked to Adyen platform and turn on payments anywhere in the world. Our team of payments experts has years of experience supporting retailers Refund in the Adyen backoffice as they’ve expanded into new markets and optimized in existing ones. Adyen integration benefits Adyen works with these Salesforce Commerce Cloud retailers As the only payments company in both the United States and Europe to have an integration with Commerce Cloud's Digital Store Solution (DSS), we provide a true global omnichannel solution that is simple and easy to implement. We develop, maintain, and support our platform, which means that we provide you regular new features and a rapid response to questions, while cutting out the complication of third parties. www.adyen.com “When expanding internationally, in order to maximize your customer reach in local markets and optimize their payment experience, you need to offer the preferred payment methods….Our overall authorization rate improved by 20% since we started with Adyen.” Martijn van Egmond, ecommerce manager at O'Neill Commerce Cloud users that work with Adyen can take advantage of: • A/B test your pages to compare what’s working and what’s • Adyen’s updated LINK cartridge developed in partnership with not on your payment pages. -
E-Commerce Business Models and Concepts
CHAPTER 2 E-commerce Business Models and Concepts LEARNING OBJECTIVES After reading this chapter, you will be able to: ■■ Identify the key components of e-commerce business models. ■■ Describe the major B2C business models. ■■ Describe the major B2B business models. ■■ Understand key business concepts and strategies applicable to e-commerce. Tweet Tweet: Twitter’s Business Model witter, the social network phenomenon based on 140-character text mes- Tsages, continues in the long tradition of Internet developments that appear to spring out of nowhere and take the world by storm. Twitter provides a platform for users to express themselves by creating content and sharing it with followers, who sign up to receive “tweets.” Twitter began as a Web-based version of popular text messaging ser- vices provided by cell phone carriers. The basic idea was to marry short text messaging on cell phones with the Web © Kennedy Photography / Alamy and its ability to create social groups. You start by establishing a Twitter account online. By typing a short message called a tweet online or to a code on your cell phone (40404), you can tell your followers what you are doing, your location, or whatever else you might want to say. You are limited to 140 characters, but there is no installation required and no charge. Coming up with solid numbers for Twitter is not easy. By 2013, Twitter had an esti- mated 550 million registered users worldwide, although it is not clear how many continue to actively use the service after signing up. According to Twitter itself, it had 200 million “active” users worldwide as of July 2013. -
FY2020 Fourth Quarter and Full Year Consolidated Financial Results
FY2020 Fourth Quarter and Full Year Consolidated Financial Results February 12, 2021 Rakuten, Inc. Consolidated Results 2 FY2020 Financial Highlights Consolidated Results: Strong Revenue growth +15% YoY Non-GAAP operating income fell due to aggressive upfront investments in mobile +15% and logistics, but OI significantly increased excluding these investments Revenue YoY Financial Strategy: Review Business / Investment Portfolio Sale of OverDrive and closure of marketplace businesses in the US and Germany Massive Expansion of the Rakuten Ecosystem Membership value exceeded JPY 8.9tn, steadily expanding towards the target of JPY 10tn 3 FY2020 Consolidated Results Summary (JPY bn) FY2019 FY2020 YoY Revenue 1,263.9 1,455.5 +15.2% Non-GAAP Operating Income 95.1 -102.7 -197.8 Non-GAAP Operating Income 108.1 +37.6% Excluding Mobile, Logistics and Investment Business 148.9 IFRS Operating Income 72.7 -93.8 -166.6 4 Q4/20 Consolidated Results Summary (JPY bn) Q4/19 Q4/20 YoY Revenue 358.2 415.3 +16.0% Non-GAAP Operating Income -32.2 -23.3 +8.9 Non-GAAP Operating Income 27.6 +60.7% Excluding Mobile, Logistics and Investment Business 44.3 IFRS Operating Income -40.2 -33.3 +6.9 5 FY2020 Non-GAAP Operating Income Breakdown Upfront investments for future growth ・Logistics-related investments, costs: -10.2bn (JPY bn) ・Rakuten Rewards (Ebates) rebranding costs: +10.6bn ・NBA broadcasting rights *1: +0.8bn Domestic EC ・Consolidation adjustment: +7.8bn , etc. 83.6 (excl. logistics related 95.1 investments, costs, etc.) -6.5 +9.0 +16.9 Others*2 (excl. Minority +12.0 Investment, 33.9 11.5 FinTech Rakuten Rewards rebranding costs, etc.) FY2019 FY2019 FY2019 FY2020 Operating Gains from Operating Income Operating Income Minority (excl. -
2016 11 03 Intershop Communications AG
18 January 2017 Intershop Communications AG FIRST BERLIN Equity Research 18 Int Intershop Communications AG er RATING ADD GERMANY / Technology Reinitiation of Primary Exchange: Frankfurt PRICE TARGET €1.25 Bloomberg: ISH2 GR Coverage Return Potential 9.6% ISIN: DE000A0EPUH1 Risk Rating High RIDING THE B2B DIGITALISATION WAVE IN THE WHOLESALE SECTOR Karsten von Blumenthal, Tel. +49 (0)30 - 80 93 96 85 Intershop Communications AG is restructuring its operations to increase COMPANY PROFILE its efficiency, and regain growth momentum. The “Lighthouse 2020” plan Intershop is a leading independent provider of sets a 2020 revenue target of €50m at a 5% EBIT margin. I nvestments in omni-channel commerce solutions offering sales & marketing, a focus on t he wholesale sector, where digitalisation of high-performance packaged software for internet sales. The company also acts as a sales channels is a top priority, and a cooperation with Microsoft in the business process outsourcing provider, cloud business look set to increase revenues and margins from 2017E on. covering all aspects of online retailing. The We reinitiate coverage with an Add rating and a €1.25 price target. company has over 300 customers worldwide including HP, BMW, and Deutsche Telekom. Riding the B2B digitalisation wave in the wholesale sector Quick and professional digitalisation of sales channels is vital for wholesalers so that they can remain competitive and prevent themselves from being circumvented by MARKET DATA As of 1/17/2017 manufacturers’ own sale s channels. High scope for further digitalisation and Closing Price € 1.14 Intershop’s existing strong competitive position make the wholesale sector a Shares outstanding 31.68m natural focus for Intershop. -
Boston San Francisco Munich London
Internet & Digital Media Monthly August 2018 BOB LOCKWOOD JERRY DARKO Managing Director Senior Vice President +1.617.624.7010 +1.415.616.8002 [email protected] [email protected] BOSTON SAN FRANCISCO HARALD MAEHRLE LAURA MADDISON Managing Director Senior Vice President +49.892.323.7720 +44.203.798.5600 [email protected] [email protected] MUNICH LONDON INVESTMENT BANKING Raymond James & Associates, Inc. member New York Stock Exchange/SIPC. Internet & Digital Media Monthly TECHNOLOGY & SERVICES INVESTMENT BANKING GROUP OVERVIEW Deep & Experienced Tech Team Business Model Coverage Internet / Digital Media + More Than 75 Investment Banking Professionals Globally Software / SaaS + 11 Senior Equity Research Technology-Enabled Solutions Analysts Transaction Processing + 7 Equity Capital Markets Professionals Data / Information Services Systems | Semiconductors | Hardware + 8 Global Offices BPO / IT Services Extensive Transaction Experience Domain Coverage Vertical Coverage Accounting / Financial B2B + More than 160 M&A and private placement transactions with an Digital Media Communications aggregate deal value of exceeding $25 billion since 2012 E-Commerce Consumer HCM Education / Non-Profit + More than 100 public equities transactions raising more than Marketing Tech / Services Financial $10 billion since 2012 Supply Chain Real Estate . Internet Equity Research: Top-Ranked Research Team Covering 25+ Companies . Software / Other Equity Research: 4 Analysts Covering 40+ Companies RAYMOND JAMES / INVESTMENT BANKING OVERVIEW . Full-service firm with investment banking, equity research, institutional sales & trading and asset management – Founded in 1962; public since 1983 (NYSE: RJF) – $6.4 billion in FY 2017 revenue; equity market capitalization of approximately $14.0 billion – Stable and well-capitalized platform; over 110 consecutive quarters of profitability . -
Annual Report 2017 Iab Annual Report 2017
ANNUAL REPORT 2017 IAB ANNUAL REPORT 2017 dynamic creative powerhouses apply their storytelling expertise to build marketers’ brands. Similarly, the 2017 IAB Leadership Dialogues were a first-ever Building 21st Century Brands: series of discussions with transformative leaders in business, politics, economics, and technology to gain The Race to the New Economy insights from and debate critical industry, political, and economic issues with each other. A cross-screen economy requires new standards and ife in America in 2017 was lived inside a series a time. These direct brands—as well as the incumbents guidelines to grow the marketplace, and IAB and the of paradoxes, all of them balanced on one side that join their club—are the growth engine of the new L IAB Tech Lab introduced the completely revamped by the ongoing economic boom, characterized by brand economy. IAB Standard Ad Unit Portfolio, featuring dynamic a bull market now in its 10th year. We had political more than 14,800 digital media professionals Adapting to this new landscape is not optional either: ads that allow for flexible creative on a multitude turmoil … and economic boom. Populist revolt … have advanced through the IAB Certification Two-thirds of consumers now expect direct brand of screen sizes and resolution capabilities and that and economic boom. Immigration mania … and Programs and Professional Development initiatives. connectivity. puts user experience front and center. Another major economic boom. Media disruption … and economic accelerator for growth is a trustworthy supply chain. An emerging economy and fast-changing media boom. Retail apocalypse … and economic boom. THE WORLD HAS SHIFTED FROM AN A major initiative for the Tech Lab in this area was INDIRECT BRAND ECONOMY TO A landscape also requires an active eye on policy, and In the digital media and marketing industries, we DIRECT BRAND ECONOMY. -
Brave New World
The Booksellers Association of the United Kingdom & Ireland Brave New World Digitisation of Content: the opportunities for booksellers and The Booksellers Association Report to the BA Council from the DOC Working Group Martyn Daniels Member of the BA's Working Group November 2006 1 The Booksellers Association of the United Kingdom & Ireland Limited 272 Vauxhall Bridge Road, London SW1V 1BA United Kingdom Tel: 0044 (0)207 802 0802 e-mail: [email protected] website: http://www.booksellers.org.uk © The Booksellers Association of the United Kingdom & Ireland Limited, 2006 First edition November 2006 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of The Booksellers Association. British Library Cataloguing in Publication Data Brave New World Digitisation of Content: the opportunities for booksellers and The Booksellers Association ISBN 978-0-9552233-3-4 This publication was digitally printed by Lightning Source and is available on demand through booksellers. This publication is also digitally available for download to be read by DX Reader, MS Reader, Mobipocket & Adobe eBook reader from www.booksellers.org.uk This digitisation plus the digitisation for Lightning Source has been performed by Value Chain International www.value-chain.biz 2 Members of the DOC Working Group Members of the working group are as follows: Joanne Willetts Entertainment UK (Chairman) -
AVDE Avantis International Equity ETF Gray Swan
ETF Risk Report: AVDE Buyer beware: Every ETF holds the full risk of its underlying equities Disclosures in the best interest of investors Avantis International Equity ETF Gray Swan Event Risks exist for every equity held by AVDE. Gray swan events include accounting fraud, management failures, failed internal controls, M&A problems, restatements, etc. These risks occur Gray Swan Event Factor for AVDE 1.10% infrequently, but consistently for all equities. Equities account for 94.19% of AVDE’s assets. Most investors ignore these risks until after they are disclosed; whereupon a stock’s price drops precipitously. Just as insurance companies can predict likely costs for a driver’s future car accidents based on the driver’s history, Watchdog Research contacts each ETF asking how they notify investors about we predict the likely cost (price drop) for AVDE following accounting governance risks in equities in their fund. We will publish their response gray swan disclosures within its holdings. The expected when received. price decrease across the AVDE equity portfolio is 1.10%. However, individual equity risks vary signicantly. This report helps investors know their risk exposure. Inception Date: 09/24/2020 Year-to-Date Return: 5.80% Actively managed, the fund seeks long-term capital appreciation by investing in a diverse group of non-U.S. Net Assets: $663m 1-Year Return: 55.03% companies across countries, market sectors, and industry groups. The fund seeks securities of companies that it Price: $60.51 3-Year Return: NA expects to have higher returns by placing an enhanced Net Asset Value (NAV): $60.30 5-Year Return: NA emphasis on securities of companies with smaller market capitalizations and securities of companies it denes as Net Expense Ratio: 0.23% Yield: 1.54% high protability or value companies. -
Transforming Retail How the Cloud Supports Innovation at Sleepy’S, Pacsun and Crocs
AN RIS NEWS WHITEPAPER Transforming Retail How the Cloud Supports Innovation at Sleepy’s, PacSun and Crocs The consumerization of technology is having a To achieve these goals retailers have to dramatic impact on retail as consumers adopt overcome several challenges. One of digital devices as fast as they become available which are the problems caused by aging ranging from smart devices to self-empowered technology frameworks that were built shopping tools, such as in-store kiosks and in silos with many complex integration handheld digital devices. These web-based schemes. These silos are difficult to solutions allow shoppers to interact with their manage, maintain and upgrade and are a favorite brands at any time of the day and from choke point that paralyze retailers seeking anywhere there is a network connection. to add new solutions to meet consumer and competitive demands. To respond, retailers need to deliver a seamless and convenient shopping experience With a true cloud platform, retailers are across all channels. They must also nurture continuously optimized for the latest close relationships with shoppers that result in commerce features and consumer trends. deeper and more profitable engagements. PRODUCED BY RIS_Demadnware_wp_0514_Design2.indd 1 5/29/14 2:50 PM Transforming Retail CASE STUDY: Sleepy’s A good case in point is Sleepy’s, the largest mattress retailer in the country operating more than 900 locations and an eCommerce website. Sleepy’s had been using an on-premise eCommerce platform that became too difficult and costly to manage, especially as it tried to introduce consumer-facing upgrades necessary to support growth.