Unlike in the United States, where promising Internet startups can expect venture capitalists to come calling early, entrepreneurs in Europe face a shortage of financing.
The company posted higher revenue and net income due to a sustained turnaround of its Internet platform and the soaring popularity of the PayPal online payment system.
As power shifts to consumers, propelled by the Internet and apps, many stores are scrambling to move beyond the time-worn cycle of markups and discounts — and still make money.
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