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The Latest Breaking News from e-commerce

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…

Google, India Discuss Collaborating Over Open E-Commerce Network

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…

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Chinese technology shares jump as Alibaba sales exceed forecasts

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

The Guardian - UK

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…

Asharq Al-Awsat

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…

TANSI turns the table

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

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

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…

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.

Tribune News Service

KFDC to try e-commerce to sell its organic products

KFDC to try e-commerce to sell its organic products

Better Buy: Jumia Technologies vs. MercadoLibre

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 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

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.

AppTech Shares Gain As It Closes Acquisition Of Hothand

AppTech Shares Gain As It Closes Acquisition Of Hothand

AppTech Payments Corp (NASDAQ:APCX) announced the closing of its acquisition of Hothand Inc. AppTech now owns Hothand's portfolio of twelve patents focused on delivering, purchasing, or requesting any products or services within specific geolocation and time parameters provided by a consumer's cell phone anywhere in the U.S. Hothand is a patent-holding company that…

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Why Amazon Shares Are Diving Today

Amazon.com, Inc. (NASDAQ: AMZN) shares are trading lower by 3.04% at $2,084.69. Shares of retail and e-commerce companies are trading lower In sympathy with Abercrombie, which fell following its first-quarter report amid increased freight costs.

Vipshop Takes Defensive Posture As Headwinds Mount

Key Takeaways: Vipshop’s revenue fell 11% in the first quarter, and it forecast the decline would accelerate to as much as 25% in the current quarter Company last month authorized a new $1 billion share repurchase program after buying back $500 million of shares over the previous year By Doug…

The Times of India

Credit card spending online nearly Rs 30,000 crore higher than swipes in March: RBI data

NEW DELHI: Credit card spending online was nearly Rs 30,000 crore more than the spending done through swipes at points of sale in March, indicating an increased preference among people for e-commerce purchases.

The Conversation

What is the metaverse, and what can we do there?

You’ve likely heard recently how the metaverse will usher in a new era of digital connectivity, virtual reality (VR) experiences and e-commerce. Tech companies are betting big on it: Microsoft’s massive US$68.7 billion acquisition of game developing giant Activision Blizzard reflected the company’s desire to bolster its position in the…

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Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

eBay To Open LA Pop-Up Store For Sneaker Shoppers

eBay (NASDAQ: EBAY) is moving beyond its e-commerce platform to operate a pop-up brick-and-mortar retail store that sells sneakers.

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

Evening Standard

THG shares rocket as Nick Candy circles and separate bid rejected

The e-commerce company rejected a ‘highly preliminary’ 170p-a-share bid from Belerion Capital Group and King Street Capital Management but analysts think THG will continue to be a takeover target

Truist Is Cautious Over Alibaba Despite Its Bullish Rating - Read Why

Truist analyst Youssef Squali believed that the slowdown in online sales would affect Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA).

Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform

Treez, a leading provider of an enterprise cloud commerce platform for retail and supply chain operations in the cannabis market, will integrate with Tymber's e-commerce platform, which enables cannabis retailers to enhance the omnichannel experience with cashless payments, dynamic (ice cream truck) delivery, SEO optimized menus and native mobile

LXRandCo Registers 64% Revenue Growth In April

LXRandCo, Inc. (TSX:LXR) (TSX:LXR) (OTC:GGBBF) stated that its total net revenue estimates for April 2022 were C$1.9 million (+64% year-over-year) and the latest twelve months (LTM) period ending April 30, 2022, were C$20.5 million (+82% Y/Y). E-commerce net revenue was C$1.1 million (+17% Y/Y) for April and C$12.3 million (+113% Y/Y) for LTM…

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