×
1 949
Fashion Jobs
FOREO
E-Key Account Manager
Permanent · London
FOREO
Marketing Manager
Permanent · London
VF INTERNATIONAL
Warehouse Trainer And Instructor
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Account Manager Kidswear
Permanent · LONDON
THE KOOPLES
Regional Manager London
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Digital Marketing And e Commerce Manager
Permanent · LONDON
ESTÉE LAUDER
Estee Lauder - Consumer Campaign Email Marketing Executive
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
NEW BALANCE
Marketing Director, Emea
Permanent · Warrington
EASTPAK
Credit Controller - French Speaking - Eastpak
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - German Speaking - The North Face
Permanent · CALVERTON
CONFIDENTIAL
Regional Manager London
Permanent · LONDON
ESTÉE LAUDER
la Mer - Business Manager - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
VF INTERNATIONAL
dc Inventory Control Supervisor
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, Enniskillen - 10 Hours - Part Time, Permanent
Permanent · Enniskillen
SHISEIDO
Account Manager Bareminerals - House of Fraser, Cheltenham
Permanent · Cheltenham
ESTÉE LAUDER
Clinique - Consultant - Browns, Beverley - 12 Hours - Part-Time, Permanent
Permanent · Beverley
ESTÉE LAUDER
Clinique - Consultant - Boots, Metro Gateshead - 16 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Clinique - Consultant - Boots, Derby - 10 Hours - Part-Time - Permanent
Permanent · Derby
ALTRA
Sales Representative
Permanent · LONDON
MICHAEL KORS
Sales Supervisor (40 Hours) - Milton Keynes
Permanent · MILTON KEYNES
SHISEIDO
Nars Account Manager - John Lewis High Wycombe (37.5 Hours)
Permanent · High Wycombe
Advertisements
Translated by
Robin Driver
Published
Feb 22, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Rakuten profits jump 28.4% in 2018

Translated by
Robin Driver
Published
Feb 22, 2019

Tokyo-based tech and retail company Rakuten, best known in Europe for its e-commerce operations, has reported net income of 1.12 billion euros for fiscal 2018, an increase of 28.4% compared to the previous year, while revenues totalled 8.7 billion euros, up 16.6% year over year. These record figures were achieved as the company completed some 122 billion euros in commercial and financial transactions over the course of the year. 


Rakuten Pay is one of the major pillars of Rakuten's omnichannel strategy - Rakuten


On the Japanese market, the company's e-commerce operations generated some 972 million euros, an increase of 15.5%, while net income fell 27.3% to 110 million euros. One of the most notable figures, however, is the 36 billion euros in transactions generated by members of the Rakuten ID programme, thanks to year-over-year growth of 10.5%. This project reflects the group's transversal approach, allowing users to access the company's commercial, banking, media and telephone offerings through a single account. According to Rakuten, the programme should multiply the "value" of each user between 4 and 6 times. 

Profitable activities undertaken by the company over the course of the year include the Rakuten Overdrive online library, the Rakuten Marketing division and the Ebates coupon business. On the other hand, the company reported losses in its Kobo eReader, Rakuten TV, Viber messaging service and Viki streaming platform businesses. The group also made a loss on its Chinese and German e-commerce platforms, which are currently in the midst of an investing phase. The story was much the same at Rakuten France, where expenses were pushed up by investments connected to the complete rebranding of PriceMinister, a French e-commerce platform acquired by the group in 2011, part of a busy year for Rakuten in France in terms of new changes and partnerships. 


Best known in Europe for its e-commerce activities, Rakuten also conducts operations in banking, telecommunications and media - Rakuten


As for its objectives for 2019, Rakuten reported that it is aiming for double-figure growth, discounting its real estate operations, which, according to the company's management, are heavily affected by fluctuations in the stock market. In terms of its commercial activities, Rakuten stated that it will continue to follow its product and service offering policy aiming to multiply the number of active users on its platforms. The Rakuten Pay application is also set to play a big role in the company's future projects. The Japanese group further highlighted that it is looking to create "new markets" through the use of big data and artificial intelligence. 

The group also used the presentation of its annual report to announce a partnership with Chinese e-commerce company JD.com, which will involve the use of both aerial and terrestrial drones in Rakuten's automated warehouses – the latest step in Rakuten's drone programme, which began in 2016 and was finally tested last year. JD.com is something of an expert on the matter, having already completed over 6,666 hours worth of deliveries with drones and robots. 

Copyright © 2021 FashionNetwork.com All rights reserved.

Tags :
Others
Business