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 ...
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.
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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.
Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated April 7, 2020 indicating that the Company did not meet the continued listing requirement of maintaining a minimum bid price of $1 per share for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(a)(1) because the bid price of the Company's publicly held ordinary shares for the last 30 consecutive business days was below the minimum bid price requirement of US$1 per share. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until October 5, 2020 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement.
Reebonz Holding Limited (the “Company” or “Reebonz;” Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it received formal notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), dated February 27, 2020, indicating that the Company’s ordinary shares would be subject to delisting from The Nasdaq Global Market based upon the Company’s non-compliance with the continued listing requirement of maintaining a minimum Market Value of Publicly Held Shares ("MVPHS") of at least $15,000,000, as set forth in Nasdaq Listing Rule 5450(b)(3)(C), unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”).
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.
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.
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)
Reebonz Holding Limited (RBZ), a leading online luxury marketplace and platform in Southeast Asia and Asia Pacific, announced today that it has officially partnered with TWIST, one of Hong Kong’s multi-brand luxury fashion boutiques. As a part of the agreement, Reebonz is expected to make TWIST’s products available to over 6 million members on Reebonz’s platform, further supporting both companies’ missions to bring luxury fashion to discerning consumers around the world.
Reebonz Holding Limited (RBZ), a leading online luxury marketplace and platform in Southeast Asia and the Asia Pacific region, today announced that it has implemented the blockchain technology as part of its ecosystem strategy to establish the provenance of products. The Company is focused on building trust and providing authentication and ownership tools to its members. All products sold by Reebonz from its inventory (“B2C Merchandise Business”) since January 2019, will have a digital certificate.
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.
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.
SINGAPORE, Sept. 19, 2019 -- Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, today.
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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.
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.
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.