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Merchandise Manager – Sweden
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Sales Advisor
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Assisterande Butikschef – Kristianstad
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Butikssäljare
Permanent · Umeå
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Account Creative Kids – Temporary Contract - h&m Marketing & Communication
Fixed-term · Stockholm
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Assisterande Butikschef – Växjö
Permanent · Växjö
UNIQLO
Visual Merchandiser
Permanent · STOCKHOLM
HAUS OF JAEGER
Social Media Growth & Influencer Relations Intern
Internship · STOCKHOLM
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Luxury Strategy Consulting Intern
Internship · STOCKHOLM
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PR & Partnerships Intern
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HAUS OF JAEGER
Video, Image & Digital Art Content Creator Intern (Youtube, Instagram, Tiktok, Fashion Film, Commercials, Digital Arts, Animations, Advertisement)
Internship · STOCKHOLM
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Growth Strategy & Business Development Intern
Internship · STOCKHOLM
H&M
Digital Designer & Art Director -Temporary Contract - h&m Group Communications
Fixed-term · Stockholm
H&M
Copywriters to h&m Group
Permanent · Stockholm
PVH
Open Application For Tommy Hilfiger Retail Stores Sweden
Permanent · Stockholm

PayPal profit jumps 86% on pandemic-driven online spending shift

By
Reuters API
Published
Jul 30, 2020
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PayPal Holdings Inc reported an 86% jump in second-quarter profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic.


Reuters



Net income increased to $1.53 billion, or $1.29 per share, in the quarter ended June 30, from $823 million, or 69 cents per share, a year earlier.

The results reflected an unrealized investment gain worth 58 cents a share and included additional loan loss reserves amounting to 7 cents a share, down from the 17-cent reserve addition in the first quarter.

On an adjusted basis, the company said net income rose to $1.26 billion, or $1.07 per share, from $848 million, or 71 cents per share, a year earlier.

E-spending surged during lockdowns in multiple countries and those who facilitate that -- such as PayPal -- benefited as much as the e-tailers from whom consumers were buying their essentials and discretionary items. And they're likely to continue to benefit with predictions that higher e-spending will carry on, even as physical stores reopen worldwide.

Additional reporting by Sandra Halliday

© Thomson Reuters 2020 All rights reserved.