Tag: e-commerce

Industries, Retail & Wholesale

Amazon shares plunge as it frets over rising costs and lower demand as COVID eases

April 28, 2022

Via: Sky News

The company’s first quarter results included its first quarterly loss since 2015 though the $3.8bn sum was blamed on a $7.6bn writedown in the value of its investment in electric vehicle start-up Rivian. However, the red ink was overshadowed by […]

Finance Tech, Mobile Banking & Payments

Stripe sees growth slowing this year after pandemic e-commerce boon

April 12, 2022

Via: Payments Dive

While the payments super-unicorn Stripe expects growth this year, it won’t be as strong as last year when the company benefited from an e-commerce surge spurred by the COVID-19 pandemic, according to an annual letter from its cofounders, Patrick and […]

Finance Tech, Trading

These stocks may see upgrades and downgrades on AMFI list in January 2022

December 16, 2021

Via: Business Today

A couple of stocks from across the sectors including technology, industrials, e-commerce, real estate and chemicals may witness an upgrade from mid- to large-cap category and from small to mid-cap category in the next AMFI market cap review. The half-yearly […]

News, Uncategorized

Prosus group trading profit rose in H1, e-commerce losses widen

November 22, 2021


Prosus (OTC:PROSF), which owns a $175 billion minority stake in Chinese internet gaming and social media group Tencent, posted an 8% rise in first-half trading profit to $2.9 billion as revenue rose rapidly in its overall portfolio. Sometimes compared to […]

Industries, Retail & Wholesale

Amazon is offering up to $3,000 in signing bonuses as it tries to hire 150,000 seasonal workers. Here’s where the jobs are concentrated.

October 19, 2021

Via: Markets Insider

Amazon is making a big push for hiring to prepare for a particularly chaotic holiday shopping season. The e-commerce giant announced on Monday that it is hiring for 150,000 seasonal roles across the US. “Our seasonal hiring helps us deliver […]

Industries, Retail & Wholesale

GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

April 19, 2021


GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of GameStop jumped more than 8% to around $167 […]

Industries, Retail & Wholesale

2022 is expected to be the first trillion-dollar year for e-commerce, largely thanks to the COVID-19 pandemic

March 15, 2021

Via: Markets Insider

E-commerce will have its first trillion-dollar year of sales in 2022 as people continue to shift their spending habits online amid the COVID-19 pandemic, new data from Adobe projects. The pandemic gave e-commerce sales an “extra boost” as consumers moved […]

Capital, Finance Tech

Bill Ackman, an early Coupang investor, donates his more than $1 billion stake to charity

March 15, 2021


Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge […]

Industries, Retail & Wholesale

Nordstrom shares tumble as 2021 sales outlook disappoints, retailer sees bigger shift to Rack

February 4, 2021


Nordstrom shares tumbled Thursday as the department store chain delivered a disappointing sales outlook for the year, and said it plans to shift more of its business toward off-price. Nordstrom said it expects revenue to rise more than 25% in […]


DDoS Attacks Spiked, Became More Complex in 2020

December 30, 2020

Via: Dark Reading

The large-scale shift to remote work and the increased reliance on online services as the result of the global pandemic this year gave threat actors new opportunities to use distributed denial-of-service (DDoS) attacks to harass and extort organizations. Providers of […]

Industries, Retail & Wholesale

Alibaba Price Target Cut by Baird on Monopoly Investigation

December 28, 2020

Via: TheStreet

Alibaba (BABA) – Get Report had its price target cut by Baird analyst Colin Sebastian to $285 from $325 as China’s government investigates the internet titan on anti-trust grounds. The analyst maintained his outperform rating on the stock. Alibaba’s American […]

Industries, Retail & Wholesale

China’s e-commerce giant Alibaba is expanding its brick-and-mortar empire

October 19, 2020

Via: Fortune

Chinese e-commerce giant Alibaba is doubling down on brick-and-mortar. On Monday, Alibaba announced that it had doubled its stake in the Chinese retailer Sun Art to 72%, taking control of one of China’s largest big-box chains that sells groceries and […]

Enterprise, Industries, Retail & Wholesale

Nike rallies after profits show signs of bouncing back from pandemic

September 23, 2020

Via: Fortune

Nike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]

Industries, Retail & Wholesale

What retailers should expect going into a holiday season during a pandemic

September 16, 2020

Via: Fortune

Despite the massive unemployment rate nationwide and the worst economic climate since the Great Depression, holiday retail sales overall are still expected to increase this winter, albeit between a modest 1% and 1.5%, according to Deloitte. Analysts are projecting sales […]

Industries, Retail & Wholesale

Wayfair is on S&P’s ‘most vulnerable’ list despite soaring stock, new customer numbers

August 18, 2020

Via: Market Watch

Wayfair Inc. has made it to S&P Global Market Intelligence’s list of “Most Vulnerable Public American Retailers” despite recently reporting that it served millions of new customers and saw sales skyrocket in the most recent quarter. As of August 14, […]

Capital, Finance Tech

Jeff Bezos’s net worth hits a new high after recovering losses from divorce

July 2, 2020

Via: Fortune

Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Inc. as part of a divorce settlement last year. Shares of the Seattle-based retailer surged 4.4% to a record […]

Industries, Retail & Wholesale

Amazon dominates e-commerce during the pandemic—but Walmart is catching up

June 26, 2020

Via: Fortune

The pandemic, and Americans’ turn to e-commerce during it, have hastened the death of brick-and-mortar. J. Crew, Neiman Marcus, JCPenney, and Pier 1 Imports have all announced their file for bankruptcy since the onset of the virus. E-commerce isn’t just […]

Capital, Finance Tech

Zara’s parent company to invest $3 billion in e-commerce—and expanding physical stores

June 10, 2020

Via: Fortune

Inditex SA plans to invest 2.7 billion euros ($3 billion) to boost e-commerce operations of chains like Zara and Bershka and expand store space to gain an edge on rivals as the pandemic snarls the clothing-retail industry. The Spanish retailer […]

Financial Services, Industries

Mastercard, Visa, PayPal Estimates Cut at J.P. Morgan Due to Coronavirus Fallout

March 3, 2020

Via: TheStreet

J.P. Morgan cut estimates for Mastercard (MA) – Get Report, PayPal (PYPL) – Get Report and Visa (V) – Get Report after the financial-sector majors cut their own estimates in response to the coronavirus outbreak. Coronavirus concern has hurt cross-border […]

Industries, Retail & Wholesale

Amazon’s record holiday sales send stock soaring toward $1 trillion valuation

January 31, 2020

Via: Market Watch Inc. defied its own disappointing forecast and returned to earnings growth in the holiday quarter with more than $3 billion in profit, sending shares soaring toward a $1 trillion valuation in the extended session Thursday. The e-commerce and cloud-computing […]