/PRNewswire/ The "Buy Now Pay Later Global Market Report 2024" report has been added to ResearchAndMarkets.com s offering. The buy now pay later market size.
Adore Beauty (ASX:ABY) share price plunges 10% on quarterly update
Adore Beauty (ASX:ABY) share price plunges 10% on quarterly update
The Adore Beauty Group Ltd (ASX: ABY) share price is plummeting today after the company released its quarterly update. Here’s the lowdown.
Kerry Sun is a site writer at The Motley Fool Australia. He holds a Bachelor of Commerce, majoring in Finance and Economics. Kerry started his investing and trading journey back in 2014, riding the highs of A2 Milk and lows of Slater and Gordon. Kerry takes a techno-fundamental view on stocks, understanding the importance of sound fundamentals supported by a strong technical chart. Current sectors of interest include US sports betting, rare earths, lithium and BNPL.
The
At the time of writing, the MyDeal share price is trading at 71 cents, up 4.4%. The online retail marketplace has a lot of work to do after sliding almost 60% since its ASX debut on 22 October.
MyDeal ticks off another growth initiative
Back in the first half of FY21, the launch of native apps was a key growth initiative to improve the mobile shopping experience, reduce marketing and increase customer retention. Mobile apps represent a significant growth opportunity with approximately 75% of website visits coming from mobile or tablet devices, according to Google Analytics.
The MyDeal native apps will enable its current 833,000 active customers a seamlessly shop from its range of 6 million home and lifestyle products.
This story features AFTERPAY LIMITED, and other companies. For more info SHARE ANALYSIS: APT
The New Criterion s Tim Boreham discusses whether it s not too late to jump on the BNPL gravy train
Should investors succumb to the BNPL FOMO?
By Tim Boreham, Editor, The New Criterion
As with the coronavirus, the buy now pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations.
Among investors,
Fear of Missing Out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in persuading consumers to spend money they don’t have on items they probably don’t need.