Internet Retail e-commerce


  • Amazon renews credit card deal with JPMorgan - WSJ Thursday, 4 Feb 2016 | 2:54 PM ET

    Feb 4- Online retailer Inc has renewed its long-running credit card relationship with JPMorgan Chase& Co, the Wall Street Journal reported. At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Journal reported on Thursday, citing people familiar with the matter. The financial details of the deal were not...

  • Amazon to open hundreds of bookstores Wednesday, 3 Feb 2016 | 5:45 AM ET
    Amazon to open hundreds of bookstores

    The online retailer is planning to open brick-and-mortar bookstores, according to a large mall CEO who spoke to Dow Jones.

  • Such an expansion, which Amazon itself has not confirmed, would position the world's No. 1 online retailer as a competitor to booksellers such as Barnes& Noble Inc. At present, Amazon operates a single bookstore in its home city, Seattle. Amazon recently opened its first bookstore in Seattle's University Village, where visitors can also test-drive Amazon's...

  • CHICAGO, Feb 2- Despite signs of slowing growth and increasing pessimism from many in the corporate world about where the U.S. economy is headed, package delivery company UPS should continue to see growth in 2016 thanks to rising e-commerce sales and a continued focus on improving operations, a top executive said on Tuesday. "If you look at most economic forecasts......

  • E-commerce has huge growth potential: Beat Wittmann Tuesday, 2 Feb 2016 | 2:34 AM ET
    E-commerce has huge growth potential: Beat Wittmann

    Beat Wittmann, partner at Porta Advisors, talks about the prospects of technology companies such as Alphabet and Amazon.

  • BEIJING— Police arrested the maverick founder of China's largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. State broadcaster CCTV aired purported confessions from two former employees at Ezubao, an Anhui Province outfit that rose from obscurity to...

  • NEW YORK, Jan 29- Inc shares' unusual roller-coaster move before and after the world's No. 1 online retailer reported quarterly results on Thursday helped some traders make money shorting the stock. In between, the stock was all over the place, hitting a Thursday high of $638.06 and falling to a low of $540 in the action after Thursday's close.

  • What's the outlook for Alibaba's revenue growth Friday, 29 Jan 2016 | 12:17 AM ET
    What's the outlook for Alibaba's revenue growth

    Cynthia Meng, managing director for China TMT Equity at Jefferies says Alibaba's monetization rates increased on both mobile and PC platforms.

  • Jan 28- Inc posted its most profitable quarter ever on Thursday but the world's No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. Amazon's net profit for the fourth quarter, which includes the holiday shopping season, rose to $482 million, or...

  • Jan 28- Inc's holiday quarter profit missed Wall Street's estimates by a wide margin as the world's No. 1 online retailer faced rising operating costs and growth slowed in its cloud services business. Fourth-quarter net profit rose to $482 million, or $1.00 per share, in the quarter ended Dec. 31- marking its largest quarterly profit on record- up from...

  • Amazon revenue rises 22 pct in holiday quarter Thursday, 28 Jan 2016 | 4:04 PM ET

    Jan 28- E-commerce giant Inc reported a 21.8 percent rise in quarterly revenue, helped by strong holiday-period shopping and robust growth in its cloud services business. The world's biggest online retailer said its profit rose to $482 million, or $1.00 per share, in the fourth quarter ended Dec.31 from $214 million, or 45 cents per share, a year...

  • Jan 28- Strong holiday sales helped e-commerce giant Alibaba Group Holding Ltd beat forecasts on Thursday with a 32 percent rise in third-quarter revenue, but it was not immune from China's slowdown. Alibaba's U.S.-listed shares fell by 2.1 percent to $68 at 1458 GMT following the results. "Revenue was better than expected," Wedbush Securities analyst Gil Luria...

  • Gross merchandise volume, or the total value of goods transacted on its platforms on China retail marketplaces, rose 23 percent to 964 billion yuan, its slowest annual growth rate in more than three years. It offered $3.7 billion to become sole owner of Youku Tudou Inc, known as China's YouTube. But the majority of Alibaba's revenue still comes from China's online...

  • Why did EBay earnings disappoint? Wednesday, 27 Jan 2016 | 5:46 PM ET
    Why did EBay earnings disappoint?

    EBay is losing market share to e-commerce rivals such as Amazon, says Gil Luria, MD of Wedbush Securities.

  • UPDATE 2-EBay gives disappointing forecast, shares fall Wednesday, 27 Jan 2016 | 5:32 PM ET

    The company forecast full-year adjusted profit of $1.82- $1.87 per share and revenue of $8.5 billion- $8.8 billion. EBay's forecast for first-quarter adjusted profit of 43- 45 cents per share and revenue of $2.05 billion- $2.10 billion also missed analysts' average estimates. Online sales in the United States jumped a better-than-expected 9 percent to $105...

  • Amazon payments' transaction volume surged in 2015 Wednesday, 27 Jan 2016 | 10:00 AM ET
    Amazon payments' transaction volume surged in 2015

    The service lets shoppers use their Amazon accounts to pay for goods on another retailer's website.

  • Amazon Payments' transaction volume surged in 2015 Tuesday, 26 Jan 2016 | 10:28 AM ET

    CHICAGO, Jan 26- Amazon Payments' transaction volume surged in 2015, a sign that Inc's payment service is finally gaining traction after its inception nearly eight years ago. Payments could represent a major revenue source for the world's largest online retailer if it is able to duplicate its success with Amazon Marketplace, which allows...

  • Data look dire on Alibaba revenue growth Monday, 25 Jan 2016 | 9:09 PM ET
    Inside Alibaba Group Holdings headquarters.

    Alibaba is expected to post its weakest quarterly revenue growth on record when it releases results Thursday, Thomson Reuters data show.

  • Your first trade for Tuesday Monday, 25 Jan 2016 | 6:26 PM ET

    The "Fast Money" traders give their final trades of the day.

  • Every industry sees big things in this technology Monday, 25 Jan 2016 | 3:35 PM ET
    A gamer plays a game with the virtual reality head-mounted display 'Oculus Rift'

    Virtual and augmented reality is posed to disrupt a range of industries in 2016. Here are some of the companies investing in this new trend.