From insurance to luxury items like automobiles, Chinese consumers are getting more comfortable spending in the digital markets, says Edge Zarrella, clients and innovation partner at KPMG China.» Read More
MOSCOW, Aug 28- Russian consumer electronics and white goods retailer M.video said its online sales surged in the past week as a renewed weakening in the rouble prompted some consumers to splash out on durable goods. The rouble fell sharply against the dollar on Aug. 24, approaching its 2015 low, as prices of oil, Russia's chief export, skidded.
The carnage of the last week- even with Wednesday's and Thursday's rebound- has been particularly acute for investors who have seen their overweight positions in companies such as social media site Facebook, pharmaceutical company Valeant, internet retailer Netflix, carmaker Tesla Motors and renewable energy company SunEdison get pummeled in the last...
The company's mobile payments service will now work with PayAnywhere, a credit card reader serving 300,000 locations across the country.
For Alibaba's senior management and founder Jack Ma, the lesson of the company's first IPO is simple: always have a back-up plan, the FT reports.
SAN FRANCISCO, Aug 25- Amazon.com Inc said on Tuesday it will begin delivering wine, beer and spirits to U.S. customers for the first time as part of its speedy delivery service, Prime Now. The online retailer is expanding Prime Now, its one- and two-hour service, to Seattle, where the company is headquartered, and offering alcohol deliveries there.
Media stocks have been tanking on concerns that ad dollars are moving online. But the shift brings another problem: The growth of ad blocking.
Rob Sides, U.S. consulting leader for retail & distribution sectors at Deloitte, discusses a new research which estimated 2015's back-to-school shopping season to be flat from a year earlier.
SAO PAULO, Aug 19- Online retail sales in Brazil will likely slip in the third quarter from a year ago, according to the country's longest-running e-commerce survey, as a sharp economic downturn hits even sectors accustomed to robust structural growth. A drop in online sales this quarter, which appears likely based on July and August numbers, would be the first in...
CHICAGO, Aug 19- Target Corp on Wednesday reported a larger-than-expected rise in quarterly earnings as revenue got a boost from online sales and a program to narrow its product focus. Excluding special items, earnings rose to $1.22 per share in the second quarter ended on Aug. 1 from $1.01 a year earlier. For the full year, the retailer said it expected earnings of...
Alibaba, SoftBank and Foxconn will lead a $500m investment in Indian online marketplace Snapdeal to help fund a growth push.
Daniel Binder, senior equity research analyst & MD at Jefferies & Co, discusses Wal-Mart's profit miss and explains whether the retailer's foray into e-commerce could be its turning point.
Ben Lerer, Thrillist Media CEO, talks about his company's drive to build a digital audience and drive e-commerce.
James Cakmak, equity analyst at Monness, Crespi, Hardt & Co, discusses the New York Times report which accused Amazon of pushing employees to the limit by employing cruel management practices.
Jason Moser, senior analyst at Motley Fool, says the acquisition by QVC, a unit of Liberty Media, will give online retailer Zulily a broader customer base, better distribution and a strong leadership team.
Aug 17- Apparel retailer Urban Outfitters Inc reported a better-than-expected quarterly profit, helped by strong demand for its Free People line of bohemian and vintage clothing and recovering sales at its flagship brand. Trendy, fashionable clothing, tight inventory controls and investments in e-commerce have helped Urban Outfitters return its...
A critical expose of Amazon's workplace dynamics by The New York Times sparked debate across social media on Monday.
Aug 17- Media mogul John Malone's Liberty Interactive Corp said it would acquire Zulily Inc in a cash-and-stock deal valued at $2.4 billion to tap into the online retailer's younger clientele and its strong mobile presence. Zulily, a website that hosts "flash" sales of clothing primarily for women and children, counts Chinese ecommerce giant Alibaba Group...
Liberty Interactive said it would buy Zulily for $18.75 per share, or $9.375 in cash and 0.3098 newly issued share of Liberty Interactive for each Zulily share.
Jeff Bezos writes to staff defending Amazon's human resources policy following a New York Times story claiming back-stabbing practices.
As China's market fell, money managers sold shares of Alibaba and Baidu, two of the largest U.S.-listed Chinese tech companies, the New York Times reports.