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The Latest Breaking News from e-commerce

Walmart Targets Faster Deliveries Via 4 Fulfillment Centers, Intensifies Rivalry With Amazon

Walmart Inc (NYSE:WMT) plans to build four new e-commerce fulfillment centers using an automated system to speed deliveries firing up rivalry with Amazon.com Inc (NASDAQ:AMZN). Walmart will open its first warehouse in Joliet, Illinois, this summer. Walmart will build additional centers in Indiana, Pennsylvania, and Texas over the next three years, Bloomberg reports. E-commerce giants like Alibaba Group Holding Limited (NYSE: BABA) and…

China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

Government's Plan To Tackle Amazon, Walmart Dominance In India Begins To Take Shape

Government's Plan To Tackle Amazon, Walmart Dominance In India Begins To Take Shape

In a bid to break Amazon Inc (NASDAQ: AMZN) and Walmart Inc's (NYSE: WMT) duopoly in the country's e-commerce sector, India is lining up banks and other key players to set up its own "buyer platforms.&quo

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Telangana: Woman from J&K hangs self in Hyderabad

HYDERABAD: A 27-year-old woman from Jammu and Kashmir working with an e-commerce major here died by allegedly hanging herself on Wednesday, police said. The woman, a native of Jammu and Kashmir's Samba district, was found hanging in her flat around 12 pm at Nanakramguda under Gachibowli Police Station limit, they…

The Times of India

Here's Why Alibaba's Most Accurate Analyst Goes Bearish Despite Its Earnings Beat

The most accurate analyst tracking Alibaba Group Holding Limited (NYSE: BABA) over the past year has maintained his bearish call on the e-commerce juggernaut and other Chinese tech stocks,

Not Sonbhadra, but Sonrai in UP's Lalitpur holds potential to emerge as goldmine

LUCKNOW: In a few weeks, Uttar Pradesh will become the third state in the country that will provide rock phosphate, touted to be more precious than gold, on a large scale. The mining department has commenced the process of auctioning 10 mineral blocks and has posted the tender document over…

The Times of India

Suzuki France Is Now Offering Online Sales Of Its Entire Model Range

Suzuki France has launched Smart Buy Suzuki, an e-commerce platform that allows you to browse and reserve your next motorcycle.

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Shopee unveils “Shopee International Platform” Joins forces with DITP to help Thai SMEs reach consumers around the region

Shopee unveils “Shopee International Platform” Joins forces with DITP to help Thai SMEs reach consumers around the region

‘Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, recently took its ‘6.6 Greatest Brand Celebration’ as an opportunity to launch “Shopee International Platform”, or SIP, a special program putting into practice its commitment to help Thai businesses take advantage of the borderless digital economy to develop and grow.

Centre to develop framework to check fake reviews on e-commerce websites

Centre to develop framework to check fake reviews on e-commerce websites

Consumer forums, law universities, lawyers, FICCI, CII, and consumer rights activists participated in the meeting

Is Global-e Online a Good E-Commerce Stock to Invest In?

Is Global-e Online a Good E-Commerce Stock to Invest In?

Despite increasing revenue by 65% in the first quarter of 2022, Global-e Online Ltd.’s (GLBE) net loss widened compared to the year-ago period. Although the company has signed new partnerships with global brands, it has reduced its revenue outlook for fiscal 2022 due to macroeconomic and geopolitical uncertainties. So, is…

Here's Why This Analyst Slashed 2025 Revenue Estimates For Alphabet, Meta, Snap, Twitter

Here's Why This Analyst Slashed 2025 Revenue Estimates For Alphabet, Meta, Snap, Twitter

Research firm MoffettNathanson slashed its 2025 revenue estimates for each Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:FB), Snap Inc (NYSE:SNAP), and Twitter Inc (NYSE:TWTR) by double-digit percentages, Reuters reported. MoffettNathanson expects online advertising in the U.S. to grow by 12.5% annually through 2025, down from the previous estimate of 18.5% annual growth. "After years of uber-bullishness, we are truly concerned…

Alibaba Upgraded To 'Buy' By Analyst, Long-Awaited 'Inflection Point' Coming

Alibaba Upgraded To 'Buy' By Analyst, Long-Awaited 'Inflection Point' Coming

Chinese e-commerce giant Alibaba Group Holding Ltd's (NYSE: BABA) stock is expected to hit a "long-awaited inflection point" in the current quarter despite the challenging three months ended March when it reported the slowest revenue growth since going public in 2014, according to anal

PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions

PayPal Holdings, Inc (NASDAQ:PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels. PayPal incurred $20 million in costs tied to its restructuring in the first three months of…

Why Hibbett Shares Are Sliding Today

Why Hibbett Shares Are Sliding Today

Hibbett Inc (NASDAQ:HIBB) reported a first-quarter FY22 revenue decline of 16.3% year-over-year to $424.1 million, missing the consensus of $427.66 million. Comparable sales decreased 18.9% versus the prior year but increased by 22.9% in relation to the 1Q20. Brick and mortar comparable sales declined 22.0%, while e-commerce sales increased 4.1% The gross…

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Google, India Discuss Collaborating Over Open E-Commerce Network

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and the Indian government have discussed integrating its shopping services with India's open e-commerce network ONDC, Reuters reports. Google's talks follow the success of its payments business due to the government's initiative for financial transactions, the Unified Payments Interface (UPI). An expert emphasized ONDC's need for a…

The Guardian - UK

Chinese technology shares jump as Alibaba sales exceed forecasts

E-commerce company’s revenues rise 9% to 204bn yuan despite weakening economy

Asharq Al-Awsat

Saudi E-commerce Growth Rate Exceeds 32%

Saudi Arabia is one of the top ten countries in e-commerce, achieving an annual growth rate of more than 32 percent, announced Minister of Commerce Majid al-Qasabi. Speaking at a seminar on the "Role of E-commerce in Strengthening the Saudi-British Economic Partnership," Qasabi stressed that strengthening the e-commerce business system…

Why Build-A-Bear Workshop Shares Are Surging Today

Build-A-Bear Workshop Inc (NYSE:BBW) reported first-quarter FY22 sales growth of 28.4% year-on-year to $117.7 million, beating the consensus of $98.29 million. Net retail sales rose 26.6% Y/Y, and e-commerce demand grew 2.1%. Gross profit increased 27.7% Y/Y to $61.8 million. The gross margin of 52.5% contracted by 30 basis points Y/Y. The company…

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TANSI turns the table

It revives closed units to cater to widened client base, to launch e-commerce portal

Alibaba's Overseas Growth Push Gets Critical To Beat Domestic Slowdown

Alibaba Group Holding Limited's (NYSE:BABA) hunt for overseas growth is critical to offset sluggish demand at home by expanding in Europe through its Southeast Asian offshoot, Lazada, Reuters reports. Lazada plans to target local European vendors, while Alibaba's existing global platform, AliExpress, will continue to focus mainly on cross-border sales from China. However, the…

Tribune News Service

Google takes yet another run at e-commerce — and Amazon

Google executive Prabhakar Raghavan recently had an issue with his rose bushes. His wife took a photo of the plants on her phone, uploaded the image to Google, identified the culprit and followed a link for a fungicide. Then she bought it.

KFDC to try e-commerce to sell its organic products

Better Buy: Jumia Technologies vs. MercadoLibre

In this article I will analyze and compare Jumia Technologies and MercadoLibre to determine which e-commerce stock is currently a better investment.

Express Shares Gain Post Q1 Earnings

Express Inc (NYSE:EXPR) reported first-quarter FY22 sales growth of 30% year-over-year to $450.79 million, beating the consensus of $435.74 million. Consolidated comparable sales increased 31% versus last year. E-commerce demand grew 21% Y/Y. Comparable retail sales, including Express stores and eCommerce, rose 32%, and comparable outlet store sales increased 30%. Operating expenses rose…

Amazon delivery pressure hurting workers, labour group says

SAN FRANCISCO: A labour coalition on Tuesday said that Amazon delivery workers are getting hurt due to pressure by the e-commerce giant to quickly distribute heaps of packages to customers.

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