Feb 11- Groupon Inc reported a 3.8 percent rise in quarterly revenue, helped by strong online sales and daily deals, a business it pioneered, in North America. Net loss attributable to Groupon was $46.5 million, or 8 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $8.8 million, or 1 cent per share, a year earlier. Revenue rose to $917.2 million...» Read More
Jan 7- J.C. Penney Co Inc said same-store sales surged during the holiday shopping months of November and December due to strong demand for its private-label offerings and gift products and higher online sales. J.C. Penney's strong results were in stark contrast to those of rival Macy's Inc, which reported a 4.7 percent drop in comparable sales on Wednesday and...
Jan 7- Canadian department store operator Hudson's Bay Co has agreed to buy online luxury retailer Gilt Groupe Holdings Inc for about $250 million. Hudson's Bay expects the deal to add about $500 million to its 2016 total sales, the company said on Thursday. Hudson's Bay, which has a market value of about C $3 billion, said it plans to open Gilt shops inside its Saks...
Gerald Storch, Hudson's Bay CEO, discusses the synergies between the company's $250 million acquisition of Gilt Groupe.
Jan 7- J.C. Penney Co Inc's same-store sales rose 3.9 percent in November and December due to strong demand for its private-label offerings and gift products and higher online sales. The company's results were in stark contrast to those of rival Macy's Inc, which reported a 4.7 percent fall in holiday season same-store sales on Wednesday and said it would cut...
Next year social media will take on a bigger role than ever in consumers' lives, as companies look to weave themselves into everything that we do.
Eric Schmidt told BBC radio 4's 'today' show that Britain is far ahead of the U.S., being the leader e-commerce leader of the world.
Amazon's next big play could be in the movie business. Entrepreneur Jason Calacanis, discusses Amazon's original content, and the company's eye on the Academy Awards.
UPS CEO David Abney dismissed the notion that UPS' large retail customers would be better off going it alone.
The mobile payment feature will be available in the U.S. next year.
David Abney, UPS CEO, talks about the company's plan to keep up with and take advantage of growing e-commerce demand.
David Abney, UPS CEO, and CNBC's Morgan Brennan, discuss how the company was able to handle the holiday's massive volume. Also Abney weighs in on UPS' relationship with Amazon.
David Abney, UPS CEO, discusses what drove this year's successful delivery season.
Hong Kong was the top IPO market in 2016 in terms of proceeds, while Shenzhen's stock exchange had the greatest number of floats, says Ringo Choi, APAC IPO Leader at EY.
One analyst explains why FANG stocks will perform well into the new year, what could bring them down and which underdogs to watch.
We think brick and mortar is really in transition right now, says Matthew Boss, JPMorgan sharing his outlook on the retail space. The consumer is the real winner, says Boss.
Corey Pierson, Custora CEO, talks about online retail trends as more shoppers go mobile.
CNBC's Morgan Brennan takes a look at post-Christmas delivery data and a mega ship's arrival in the U.S.
Victor Anthony, Axiom Capital Management, discusses Amazon's retail dominance as the e-commerce company seeks to ease ties with UPS and grow its content library.
Online sales grew 20 percent in the holiday season this year, MasterCard Advisors, which tracks customer spending, said in a report on Monday. "The double-digit growth in furniture sales... shows that consumers are willing and able to splurge on big ticket items," Sarah Quinlan, senior vice president of Market Insights at MasterCard Advisors, said in the report.
CNBC's Courtney Reagan reports the returns game is one placed where brick and mortar retailers may beat the online competition.