Core Insights - The Chinese e-commerce giant experienced a 55% drop in quarterly profit as it continues to expand into the competitive food-delivery sector and other new business ventures [1] Company Summary - The company is focusing on the food-delivery market, which is characterized by high competition [1] - The significant decline in profit indicates challenges faced during this expansion phase [1] Industry Summary - The food-delivery space is becoming increasingly competitive, impacting profitability for companies entering this market [1] - The shift towards new business areas may require substantial investment, affecting short-term financial performance [1]

Core Insights - iHerb has launched its annual Black Friday promotion, offering discounts of up to 20% for a month, with deeper discounts of up to 25% during the Black Friday and Cyber Monday week [1][7] - The global e-commerce transaction volume for Black Friday and Cyber Monday in 2024 is projected to grow over 40% compared to the previous year, highlighting the significance of this shopping season [1][7] Group 1: Promotion Details - The promotion includes a wide range of products such as vitamins, nutritional supplements, beauty products, and groceries [1] - iHerb's Chief Revenue Officer emphasized that the shopping experience is designed to be enjoyable and allows customers to discover quality products at their own pace [2] - Weekly new offers and discounts will be introduced throughout November, with special gift guides and exclusive gift sets available [5] Group 2: Company Overview - iHerb reported a net sales figure of $2.4 billion in 2024 and operates in the health and wellness e-commerce sector [4] - The company serves 14 million active global customers across 180 countries, supported by a logistics network with nine climate-controlled centers [6] - iHerb's affiliate program has generated over $12 million in commissions for partners in 2024, with a conversion rate of 7.9%, which is among the highest in the e-commerce industry [4]

Group 1 - Verkkokauppa.com Oyj acquired 17,563 shares on 12 November 2025 at an average price of EUR 4.0164 per share, totaling EUR 70,540.03 [1] - After the acquisition, Verkkokauppa.com Oyj holds a total of 233,430 treasury shares [1] - The company is an e-commerce pioneer in Finland, known for its fast deliveries and customer-centric approach, serving over 1.7 million customers [2] Group 2 - Founded in 1992, Verkkokauppa.com has been operating online since its inception, with a revenue of EUR 468 million in 2024 and approximately 600 employees [3] - The company is listed on the Nasdaq Helsinki stock exchange [3]

Core Insights - Hour Loop, Inc. reported its strongest financial results to date for the third quarter of 2025, despite challenges from U.S. reciprocal tariffs impacting the retail industry [3][4]. Financial Performance - Net revenues for Q3 2025 were $33.4 million, a 7.6% increase from $31.1 million in Q3 2024 [5][8]. - Net income rose to $0.53 million, compared to $0.47 million in the same period last year [7][8]. - Gross profit margin decreased by 3.4% to 51.4% due to strategic price adjustments and tariff surcharges [6]. - Operating expenses as a percentage of net revenues decreased by 3.3% to 49.2%, reflecting improved operational efficiency [6]. Operational Insights - The company adapted its product portfolio and inventory management in response to rising costs and operational complexities due to tariffs [3]. - Hour Loop's operational model has shown durability, with strategic investments leading to lower operating expenses and higher net income despite increased product costs [4]. Cash Flow and Liquidity - Cash used in operating activities for the nine months ended September 30, 2025, was $0.4 million, an improvement from $1.2 million used in the same period last year [8]. - As of September 30, 2025, cash and cash equivalents were $0.8 million, down from $2.1 million at the end of 2024, primarily due to loan repayments and inventory growth [9]. Inventory Management - Inventories increased to $28.9 million as of September 30, 2025, compared to $14.6 million at the end of 2024, in preparation for the holiday season [9]. Future Outlook - The company is unable to provide forward-looking guidance for the full year 2025 due to ongoing economic uncertainty influenced by current tariff conditions [10].

Core Insights - Jumia Technologies AG reported a 25% year-over-year revenue growth for Q3 2025, reaching $45.6 million compared to $36.4 million in Q3 2024 [1] - The company experienced a 21% growth in Gross Merchandise Volume (GMV) during the same period, indicating strong operational performance [1] - Revenue growth was 22% when adjusted for constant currency, highlighting the company's resilience in various market conditions [1] Financial Performance - Q3 2025 revenue: $45.6 million, up from $36.4 million in Q3 2024, representing a 25% increase [1] - GMV growth of 21% year-over-year, showcasing an increase in transaction volume [1] - Constant currency revenue growth of 22%, reflecting stable performance across different currencies [1]

Core Points - Vipshop Holdings Limited will hold its annual general meeting of shareholders on December 5, 2025, at its headquarters in Guangzhou, China [1] - No proposals will be submitted for shareholder approval; the meeting will serve as an open forum for discussion between shareholders and management [2] - The record date for determining eligible shareholders to attend the meeting is set for November 10, 2025 [3] Company Information - Vipshop is a leading online discount retailer for brands in China, offering high-quality branded products at significant discounts [6] - The company has filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission, which includes audited financial statements for the fiscal year ended December 31, 2024 [5] - Shareholders can obtain a hard copy of the annual report free of charge by contacting the company [6]

Group 1 - Alibaba is increasingly integrating AI into its shopping experience, leading to a more personalized and efficient consumer journey, which has resulted in lower return rates and higher customer satisfaction [2][3] - The Singles Day sales for Xiaomi exceeded ¥29 billion (approximately $4 billion), indicating strong performance in the competitive market [4] - Western brands are reporting sales that exceed expectations in China, suggesting a shift in consumer behavior and preferences that could inform strategies for the US market [5] Group 2 - There is a noticeable strengthening in consumer spending at the high end, while consumers are becoming more frugal with everyday essentials, indicating a shift in purchasing behavior influenced by AI [8][9] - The wearable technology market is seeing significant interest, with innovative products being introduced that enhance consumer lifestyle and health monitoring [10][11] - Retailers are adapting their marketing strategies in real-time to meet consumer demands, which is expected to lead to a stronger performance during the upcoming shopping season [13] Group 3 - Brands like Lululemon and L'Oreal have successfully invested in understanding the Chinese market, resulting in substantial rewards from their efforts [14]

Core Insights - The article emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior [1] - It highlights the author's extensive experience in asset management, particularly in equity analysis and derivatives [1] Group 1: Professional Background - The author has over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1] - The professional background includes advising on and implementing multi-asset strategies, with a strong emphasis on equities and derivatives [1] Group 2: Investment Philosophy - The article promotes the idea that investing should be accessible, inspiring, and empowering for all investors [1] - It encourages collaboration among investors to build confidence in long-term investing [1] Group 3: Market Insights - The author closely follows EU and US central bank policies, sector rotation, and sentiment dynamics to construct actionable investment strategies [1] - The analysis aims to share insights and exchange ideas among fellow investors [1]

Group 1 - The Q3 earnings season has been characterized by a narrative of a weakening U.S. consumer, particularly affecting retail companies and restaurant chains [1] - There has been a notable decline in discretionary spending, especially among younger consumers, raising concerns about the potential ongoing impact on the macroeconomy [1] - The experience of analysts covering technology companies and working in Silicon Valley provides insights into the themes currently shaping the industry [1]

Industry Overview - U.S. holiday sales are projected to exceed $1 trillion for the first time, with an expected growth of 3.7-4.2% year over year, translating to sales of $1.01-$1.02 trillion [3] - Last year's holiday sales rose 4.3% year over year to $976.1 billion [3] - An uncertain macroeconomic outlook, influenced by trade policies and the ongoing government shutdown, has negatively impacted consumer confidence [1] Retailer Recommendations - Five retailers are recommended for investment during the holiday season: Amazon.com Inc. (AMZN), Walmart Inc. (WMT), Tapestry Inc. (TPR), Dollar General Corp. (DG), and Expedia Group Inc. (EXPE), all carrying a favorable Zacks Rank 2 (Buy) [2] Amazon.com Inc. (AMZN) - Amazon is benefiting from growth in Amazon Web Services (AWS), which contributed $33.01 billion in Q3 2025, up 20.2% year over year [11] - Online sales and subscription revenues increased by 9.8% and 11.5% year over year, respectively, while advertising revenue climbed 23.5% [12] - Expected revenue and earnings growth rates for next year are 11.2% and 9.9%, respectively, with a 2.6% improvement in earnings estimates over the last 30 days [14] Walmart Inc. (WMT) - Walmart's diversified business model and strong omnichannel strategy have boosted traffic across physical and digital platforms [15] - The company has enhanced its delivery capabilities, including partnerships and new services, leading to steady grocery market share gains [16] - Expected revenue and earnings growth rates for next year are 4.4% and 12.5%, respectively, with a 0.7% improvement in earnings estimates over the last 60 days [17] Tapestry Inc. (TPR) - Tapestry is experiencing growth driven by strong engagement from Gen Z and millennials, with significant expansion in North America, Europe, and Greater China [18] - The company's international business saw a 10% year-over-year growth in Europe and an 18% surge in Greater China [19] - Expected revenue and earnings growth rates for the current year are 3.4% and 9.5%, respectively, with a 1.6% improvement in earnings estimates over the last seven days [20] Dollar General Corp. (DG) - Dollar General's growth is supported by disciplined cost management and a customer-centric model, with a focus on value pricing and supply-chain optimization [21] - The company is expanding its omnichannel presence through partnerships, which is driving higher store traffic and basket sizes [22] - Expected revenue and earnings growth rates for next year are 4.2% and 8.4%, respectively, with a 0.8% improvement in earnings estimates over the last 60 days [24] Expedia Group Inc. (EXPE) - Expedia benefits from a strong platform model that enhances customer insights and strengthens supplier relationships, driving revenue growth [25] - The company's diverse brand portfolio allows it to cater to a wide range of global traveler needs, boosting traffic and bookings [26] - Expected revenue and earnings growth rates for next year are 2% and 17.8%, respectively, with a 1.2% improvement in earnings estimates over the last 30 days [26]