Tag: revenues

Walmart sums up 2020 – revenues reach $559 billion – USA news

by  on  in Mall
The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.

Walmart - Depositphotos

Walmart sums up the fiscal year 2020, which ended January 29, and reports that its total revenue grew 6.7%, reaching $559 billion. The retailer’s closest competitor in the U.S. market, which came in second place in the ranking of major retail players, Amazon reported revenues of $386 billion for the last fiscal year.

Meanwhile, earnings figures for 2020 show a 9.2 percent decline, from $14.88 billion in 2019 to $13.51 billion. In the fourth quarter alone, Walmart reported a loss of

… Read More

SM Prime net income drops 53% to P18B in 2020 on lower mall revenues

by  on  in Mall
SM Seaside City, Cebu. Handout

MANILA – SM Prime Holdings said Monday its net income fell 53 percent to P18 billion last year from P38.1 billion in 2019 due to lower mall revenues amid the ongoing lockdown restrictions during the pandemic.

Consolidated revenues totaled to P81.9 billion, also lower than P118.3 billion the previous year.

This is primarily due to the 59 percent drop in mall revenues to P23.6 billion from P57.8 billion.

Despite the weak business environment, SM managed to open two malls at the tail end of 2020 which are SM City Butuan and SM City Mindpro —

… Read More