|Bid||1.1400 x 1000|
|Ask||1.2000 x 4000|
|Day's Range||1.1100 - 1.2000|
|52 Week Range||0.8620 - 38.9000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.50|
Reebonz Holding Limited (RBZ), a leading online luxury marketplace and platform in Southeast Asia and the Asia Pacific region, today announced that it is offering shoppers buzzworthy deals and discounts and an even better selection this Black Friday with luxurious deals for every style. Members can browse over 100,000 designer steals and slash off sale prices with exclusive discount codes throughout the Black Friday week. Be part of the Black Friday Speed Deals app-only game and stop the timer as close to 10:000s to win further discounts.
Shares of Reebonz Holding Ltd. tumbled 30% to pace all premarket decliners Monday, after Singapore-based online luxury marketplace reported first-half 2019 results that fell from the same period year ago, citing a decline in orders and total buyers. Net revenue for the six months ended June 30 fell to $31.1 million from $44.3 million, as online orders declined to 81,969 from 91,184. Total buyers decreased to 55,953 from 62,224. The company blamed the lower orders primarily on a decline in marketing activities, as marketing expenses fell 26.6% during the period. The net loss for the period narrowed to $8.9 million from $21.6 million, while gross profit fell to $7.8 million from $11.5 million. The stock has plunged 42% over the past three months, while the S&P 500 has gained 1.4%.
Reebonz Holding Limited (the “Company” or “Reebonz”) (RBZ), a leading online luxury marketplace and platform in Asia Pacific, today announced its unaudited financial results for the interim first half of 2019, ended June 30, 2019.
SINGAPORE, Sept. 19, 2019 -- Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, today.
Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that the Company’s new Sell Back and Sell Back Guarantee services have helped increase lifetime value, ARPU, and total spend of approximately 80% of the buyers who took advantage of these services. Reebonz believes that the positive data speaks to the power of the Company’s network effects, and provides proof of concept of the new service. The Sell Back Guarantee is one of the newer and more innovative features that Reebonz has launched as it seeks to address a gap in the market by easing the process of selling pre-owned luxury products.
Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it has recently launched a new visual search tool on its mobile application to make it easier for users to search for the luxury products that they want. As social media channels have created ever more opportunities to discover new products, Reebonz has invested in developing a disruptive new tool that allows customers to search for their next purchase using visuals rather than just keywords. Using artificial intelligence (“AI”) and a variety of algorithms, Reebonz is incorporating visual search to further support its vision of making luxury accessible to everyone.
Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it has recently launched a store on eBay. Reebonz launched its new store, https://www.ebay.com/str/reebonzus, with over 5,000 new and pre-owned products, including bags, shoes, accessories, and apparel. The listings are localized for currency and language in their respective countries, which is a key value proposition of Reebonz.
Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it has received membership to the Association Against Counterfeit Product Distribution (“AACD”), an organization working to prevent and eliminate counterfeit and illegal goods. Reebonz is the first overseas company to join the AACD and is applicable to products it owns. The AACD is an industry group in Japan that was launched in April 1998 with the aim of preventing and eliminating the distribution of "counterfeit goods" and "illegal goods". The AACD believes that the protection of intellectual property rights in the consumer market is of paramount importance.
Online luxury-goods exchange platform Reebonz (RBZ) is making moves in their jewelry business. The Singapore-based company announced this week that it has expanded its ‘Sell to Reebonz’ service to selected jewelry and accessories, as it aims to deepen its relationship with customers and provide more options on products that can be sold back to the platform.As a reminder, ‘Sell to Reebonz’ allows for sellers to sell-back items to RBZ in exchange for immediate spending credits to be used for future purchases on the platform, thus enhancing the customer experience and increasing stickiness and repeat actions. Prices are guaranteed by the Sell Catalog on RBZ site and the option provides another instance of RBZs providing a dual sided marketplace, while incentivizing repeat purchases.In a research note issued yesterday, Maxim analyst Allen Klee discusses the implications of the expansion on Reebonz. Subsequently, the analyst reiterates a Buy rating on Reebonz stock with $11 price target, which implies over 320% upside from current levels. (To watch Klee's track record, click here)The expansion of the ‘Sell to Reebonz’ service should “help expand the company’s profitable marketplace business,” Klee noted. Klee believes the service provides “two opportunities for future revenue,” including “from a purchaser of the used product and the second from the seller of the product using their store credit.” With the marketplace, the analyst says the company can “differentiate itself in the higher margin Marketplace businesses based on its data on used luxury good prices and the breadth of its offerings.”Overall, the analyst has a positive view on the luxury e-commerce market in Asia/Pacific (APAC), based on improving wealth and smartphone penetration rates.On a different note, Klee points out that, “access to new capital should re-accelerate growth," and help the company to “increase marketing spend." This is crucial, as Klee reports that between 2016 and 2018 marketing was so important that the company generated between $16-$20 of revenue for each $1.00 of variable marketing spend. Overall, aside from this rating, RBZ has only received one other analyst rating in the last three months. Five-star Roth Capital analyst Darren Aftahi has a Buy rating on the stock with a similar $11 price target- suggesting he aligned with Klee's current take on this stock. (See RBZ's price targets and analyst ratings on TipRanks)
Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it has expanded its “Sell to Reebonz” service to selected jewelry and accessories. Reebonz originally launched the “Sell to Reebonz” service in May 2019 in Singapore in categories such as Bags, Small Leather Goods and Watches. With Reebonz Credits in their account, customers can make additional purchases and offset some of the costs.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Infrastructure and Energy Alternatives, Inc ...
Reebonz Holding Limited (NASDAQ: RBZ ) shares are trading higher after the company expanded its "Sell to Reebonz" service in Malaysia, Indonesia, Hong Kong, Taiwan and Australia. Reebonz is a ...
The “Sell to Reebonz” service makes selling as easy as buying and gives all luxury consumers an easy and trusted way of selling their pre-owned designer products. With a constantly growing catalog that currently includes over 34,000 designer items, potential sellers can browse the Sell Catalog (https://www.reebonz.com/sg/sell), match their item, and swiftly sell it to Reebonz for Reebonz credits that can be used for their next purchase on Reebonz.com. Now customers don’t need to take their own pictures – Reebonz has done the work for them! With a few clicks, the item can be sold to Reebonz, a process that often takes weeks or months with traditional consignment businesses or peer-to-peer marketplaces.
Nasdaq: RBZ), a leading online luxury marketplace and platform in Southeast Asia, announced today that it has launched its “Sell Back Guarantee” service in Thailand. With this addition, Reebonz aims to deepen its relationship with customers in Thailand. Reebonz was the first e-commerce company to introduce this innovative service, which was born out of a deep understanding of and desire to meet the unfulfilled needs of customers.
Nasdaq: RBZ), today announced that it has unveiled a new service called “Sell to Reebonz” that gives all luxury consumers an alternative way to sell their pre-owned designer products. While Reebonz users have always been able sell their products through the Company’s platform, the new service essentially eliminates a common frustration among sellers when the selling process or payment period occasionally become drawn-out due to protracted negotiations or buyer interest. The service is currently being tested in Singapore, and is expected to be rolled out to new markets in the future.
Reebonz Holding Limited (the “Company” or “Reebonz”) (RBZ), a leading online luxury marketplace and platform in Southeast Asia and Asia Pacific, today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has determined that the Company has evidenced full compliance with all applicable requirements for initial listing on The Nasdaq Global Market. As a result, the Company’s ordinary shares, which are currently listed on The Nasdaq Capital Market, will be transferred to The Nasdaq Global Market effective with the open of the market on Friday, May 3, 2019. Accordingly, Nasdaq has advised the Company that the hearing file and listing review have been closed.
SINGAPORE, April 26, 2019 -- Reebonz Holding Limited (the “Company” or “Reebonz”) (Nasdaq: RBZ), a leading online luxury marketplace and platform in Southeast Asia and Asia.
Reebonz Holding Ltd (NASDAQ: RBZ ) is a Singapore-based online platform that facilitates buying and selling of luxury products. The Analyst Roth Capital's Darren Aftahi initiated coverage of Reebonz with ...
The primary reason I didn’t pursue RBZ was that it would have required me to break a whole host of my own rules around chasing a stock that could have reversed the moment I stepped on the gas. There’s a full breakdown of the trade in my recap for that day, but I’ll spend a few words here explaining how I approach momentum and why, for every RBZ I might miss, there are dozens of other instances of saving myself from a $10,000, or even $20,000, loss. First, although RBZ had many of the characteristics of a stock I would trade—low float, trading below $10, with a history of big moves—the stock wasn’t trading on any news.
Reebonz Holding Limited (the “Company” or “Reebonz”) (RBZ), a leading online luxury marketplace and platform in Southeast Asia and Asia Pacific, today announced the pricing of an underwritten public offering of 2,150,000 ordinary shares and 2,150,000 warrants to purchase ordinary shares at a combined offering price of $5.00 per ordinary share and accompanying warrant. Each ordinary share is being sold together with a warrant to purchase one ordinary share.
Nasdaq: RBZ), a leading online luxury marketplace and platform in Southeast Asia, announced today that it has launched its “Sell Back Guarantee” service in the United States. With this addition, Reebonz aims to deepen its relationship with customers in the U.S. Reebonz is the first e-commerce company to introduce this innovative service, born from understanding and fulfilling customers’ unmet needs.
Today, Reebonz believes it’s a leader in the emerging retail space of fashion as a “sharing” ecosystem. It provides a platform not only linking buyers to the best new designer products, but also tools to curate and price items for individual sellers to sell their pre-owned and vintage luxury fashion. Unlike traditional retail, Reebonz develops customer loyalty by engaging its users in a virtuous cycle of shopping for fashion and recycling it.
SINGAPORE, March 15, 2019 -- Reebonz Holding Limited (the “Company” or “Reebonz”) (RBZ), a leading online luxury marketplace and platform in Southeast Asia, today announced that its Board of Directors (the “Board”) approved a 1-for-8 reverse stock split of the Company’s authorized and outstanding ordinary shares, to be effective with the opening of trading on Nasdaq on Monday, March 15, 2019. The Company’s ticker symbol, RBZ, will remain unchanged. The Company’s ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis under the CUSIP number G7457R122.
Reebonz Holding Limited (RBZ), a leading online luxury marketplace and platform in Southeast Asia, announced today that it has officially partnered with Komehyo, one of Japan’s leading offline pre-owned luxury product boutiques. As a part of the agreement, Reebonz is expected to make Komehyo’s products available to an estimated 5.5 million members on Reebonz’s platform, further supporting both companies’ missions to bring authentic pre-owned luxury to consumers around the world.