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The Latest Breaking News from e-commerce

Despite dire earnings forecast for the current year, the e-commerce platform operator ContextLogic (WISH) exhibits a more than 20% potential upside in its stock price. Would it be wise to buy the stock now? Let’s look at its financial metrics to find the answer….

StockNews.com

E-commerce growth creates robust demand for warehouses around Chennai

The demand for warehousing spaces in Tamil Nadu is rising and newer locations are emerging in this space

The Hindu

Amazon Labour Union an inspiring starting point, says Justine Medina

Formation of a labour union at e-commerce behemoth Amazon was assumed to be next to impossible, until the Amazon Labor Union (ALU) pulled off just that at the company’s major warehouse at Staten Island in the U.S. in April 2022, with a majority of the workers voting ‘yes’ for the…

The Hindu

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Chunghwa Post Expands ePacket Service to Russia 22 Countries(regions) are in Service

With the rapid development of e-commerce in recent years, businesses have been using the borderless nature of the internet to expand their markets and increase business opportunities by selling various goods and services overseas.

The News Lens

Delivery boy falls from third floor after pet dog chase; owners booked

Police said Mohd Iliyas, 30, who works for an e-commerce website, was delivering groceries in Panchavati Colony on Sunday afternoon when the customer’s dog, a labrador, allegedly chased him.

The Hindu

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

The Independent UK

How High Could Amazon Stock Rise?

Amazon stock has see impressive gains in 2023, already up close to 40% year-to-date. Can the e-commerce and cloud computing leader continue to deliver market-beating gains to long-term investors?

Barchart

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Target CEO: DEI has ‘fueled much of our growth over the last 9 years’

CEO Brian Cornell says doing what's right for employees and the company culture adds value for shareholders.

Fortune

French unemployment stays at lowest level since 1982

France's jobless rate has been steady at 7.1 percent since the last quarter of 2022 – the lowest level since 1982. Youth unemployment stands at more than 5 percentage points below pre-pandemic levels. The new data could boost President Emmanuel Macron's economic credentials as he seeks to achieve full employment.…

France 24

Noise, pollution, danger: how Amazon warehouses upended a sleepy New York neighborhood

Residents hope traffic, emissions and noise data they are analyzing with the Guardian will help rein in the spread of e-commerce facilities

The Guardian - US

Centre issues order against top e-commerce platforms for selling seat belt alarm stopper clips

The Centre issued an order against Amazon, Flipkart, Snapdeal, Shopclues and Meesho for selling car seat belt alarm stopper clips

The Hindu

Orders on ONDC grow rapidly as India Post gears up to join in

Orders have grown rapidly, as ONDC’s architecture poses a looming threat to online retail and quick delivery apps

The Hindu

2 REITs Investors Are Avoiding

Retail REITs have been under pressure amid the growth of e-commerce. So, we think Macerich (MAC) and Urban Edge (UE) should be avoided considering their weak fundamentals. Let’s discuss this in detail.

StockNews.com

The E-Commerce Boom Is Still in Effect With 3 Stocks Capitalizing on Online Shopping

With the rising adoption of advanced technology, e-commerce has gained widespread prominence and is poised to remain buoyed owing to the convenience it offers. Given this backdrop, quality e-commerce stocks Ulta Beauty (ULTA), eBay (EBAY), and Yatsen Holding (YSG) could be solid buys now. Read on….

StockNews.com

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Fortune

Amazon slowed hiring and conducted layoffs in its HR team

Amazon is shifting investments to its noncore businesses and international expansion after slowing e-commerce sales and layoffs.

The Hindu

KTR bats for gig workers, moots tripartite pact to ensure livelihood

Inaugurating a 4 lakh sq. ft. fulfillment centre of Flipkart, the Minister also called for steps to make youngsters aspire for jobs in e-commerce sector.

Kiplinger

SAFE Banking Act Gets New Life: This Week in Cannabis Investing

A bipartisan effort has given the SAFE Banking Act, which helps improve cannabis companies' access to finance, a shot to reach the Senate floor.

The Guardian - US

Amazon beats expectations in first quarter earnings as shares jump 11%

E-commerce behemoth, in the midst of aggressively cutting costs including laying-off 27,000 workers, reported revenue growth

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TV Tech

Roku Partners With Instacart on Measuring Impact of Streaming TV Ads

Advertising partnership will measure the impact of TV ads on e-commerce purchases

StockNews.com

Opportunity Knocking: Add These 2 Shipping Bargains to Your Portfolio

The shipping industry is expected to benefit from the growth of e-commerce and the rising adoption of technologies such as artificial intelligence. So, fundamentally strong shipping stocks AerCap (AER) and Radiant Logistics (RLGT), trading at discounts, might be solid additions to your portfolio. Keep reading.

StockNews.com

3 Retail Titans Benefiting From Online Shopping Boom

The growing adoption of cutting-edge technologies has improved the overall shopping experience for consumers, and the popularity of e-commerce has enabled retailers to expand their reach. Amid the rapidly growing e-commerce market, retail titans Ulta Beauty (ULTA), Murphy USA (MUSA), and Yatsen (YSG) could be ideal investments. Keep reading.

Caixin Global

Meituan Muscles In on Livestreaming E-Commerce With Inaugural Event

Some $12.5 million in coupons were sold during a marketing extravaganza that included an 11-hour livestream shopping show, featuring brands such as Luckin Coffee and budget boba tea chain Mixue Bingcheng

Birmingham Post

The Storage Place creates 40 new jobs as investment sparks expansion

The Gateshead warehouse operator is launching in County Durham after a six-figure funding deal

Reuters

Great shortfall of China: Australia's biggest tourism market returns with a whimper

(Refiles to add full name, company details in par 16)

The New Daily

Consumers warned to protect themselves while using e-commerce apps

E-commerce apps can be convenient but may also threaten user security and privacy. Here are some tips to help users stay safe.

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