Business

Furniture Store NYC is Quickly Growing in the US

Published

6 years ago

November 12, 2019

New York City based an online furniture retailer, Furniture Store NYC, is one of the fast-growing online retailers in the US. It is selling and shipping furniture for different spaces to over 45 states.

Furniture Store NYC was founded in 2008 and now it has completed more than 10 successful years as an online retailer. Over the period, the retailer has delivered more than 15,000 orders with a database of over 12,000 happy customers. Furniture Store NYC is building a successful site with a huge selection of home furniture like bedroom sets, dining, living room, tv stands, rugs, etc.

People are able to look out for this store on searching ‘furniture stores near me‘ and along with impressive collection, the store is also offering free delivery with assembly for all orders in selected sates. It has made a network with almost 100 furniture manufacturers for Bedroom Set, Living Rooms, Sectionals, TV Stands, Youth Furniture, Home Accents and more at discount prices.

This online retailer is accommodating all home furnishing needs for every room and budget. It has more than 50 warehouses of affordable online furniture, mattresses, office chairs with nationwide free shipping. A large number of people in the US are decorating their homes with furniture ordered from Furniture Store NYC.

It is also offering numerous varieties and styles at discount. Its traditional bed sets are attracting customers to add a touch of elegance to their bedroom. The online store is also offering several contemporary designs when it comes to buying affordable living room sets. Furniture Store NYC’s low-cost products are speaking of style and elegance. The company is also offering customized products so that the customers can fulfill their aspirations regarding a product.

Furniture Store NYC is doing business with a great profit. It has made its customer base due to the quality products that last for several years.

Business

Black Banx Group — Third Quarter 2025 Results

Published

1 day ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.