TOKYO -- Japanese online marketplace Mercari on Tuesday posted a group net profit of 13.4 billion yen ($91.3 million) for the year ended June 30, buoyed by robust operations at home even as its U.S. segment has struggled.
Retail
Japan resale app Mercari delivers record profit amid U.S. troubles
China e-commerce platforms like Temu lure away Americans with cheaper products
Mercari has struggled in the U.S. as inflation-hit consumers tighten their purse strings. © Reuters
Read Next
Latest on Retail
