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home / news releases / MRCIF - Mercari: U.S. Strategy Is Not Commercial

MRCIF - Mercari: U.S. Strategy Is Not Commercial

Mercari Inc
  • Mercari operates a strong domestic marketplace app, but its US operation is making loss and in our view, will not generate meaningful returns.
  • Poshmark's fashion-related GMV is roughly over three times the size of Mercari's US equivalent operations, highlighting Mercari's weakness.
  • Mercari US is uncompetitive and further investment here would be a poor use of resources. We are sellers of the shares.

For further details see:

Mercari: U.S. Strategy Is Not Commercial
Stock Information
Company Name: Mercari Inc
Stock Symbol: MRCIF
Market: OTC
Website: mercari.com
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