Staples to shut 225 stores in North America as sales fall. Staples Inc will close up to 225 stores in the United States and Canada- 12 percent of its North America outlets- and forecast another quarter of sales decline as it loses customers to mass market chains and online retailers.» Read More
NEW YORK-- Barnes& Noble reported a third-quarter profit as cost cuts at its Nook unit and elsewhere helped offset declining revenue across all of its businesses. Barnes& Noble has been trying to turn itself around as competition from discount stores and online retailers toughens, and as consumers shift away from traditional books to digital formats.
NEW YORK-- Shares of newly public Zulily surged 15 percent in premarket trading after the online retailer reported fourth-quarter revenue that easily topped Wall Street expectations on strong sales of its clothing for moms and children. Zulily, based in Seattle, had 3.2 million active users at the end of 2013, double its user base in 2012..
HONG KONG/ BEIJING, Feb 25- Billionaire Jack Ma's Alibaba, the dominant force in China's $1.6 trillion e-commerce market, may already have lost a battle with rival Tencent for the world's biggest mobile market.
Groupon's CEO brushed off his stock's tailspin Friday and told CNBC that demand reached record levels at his company during the last quarter.
HONG KONG, Feb 20- China's largest Internet company Tencent Holdings Ltd and online retailer JD.com are in talks to combine their e-commerce business, a person familiar with the matter told Reuters on Thursday, confirming earlier media reports.
SAO PAULO, Feb 7- Amazon Inc. started selling its Kindle online in Brazil on Friday, expanding from ebooks into retail for the first time in Latin America's biggest and most challenging ecommerce market. The world's largest online retailer launched an Internet bookstore in Brazil in 2012, a low-risk landing on this $11 billion emerging ecommerce market.
Much has changed over the past 25 years when it comes to retail. Here is a look at those who have changed the way people shop.
Analyzing Amazon's earnings data, with John Blackledge, Cowen and Company analyst.
Jan 31- Amazon.com Inc shares fell more than 9 percent in early trading on Friday, after the online retailer warned of a possible loss in the current quarter and its quarterly results missed expectations in the holiday shopping season. Amazon shares were down at $372.81 in early trading.
Investors expected stronger revenue from Amazon, explains Victor Anthony of Topeka Capital Markets in discussing why the stock is off after the report. He shares his opinions on a potential price increase for Amazon's Prime service.
SAN FRANCISCO, Jan 30- One Kings Lane, the online home-furnishings company, has raised $112 million, catapulting it into an elite group of venture-backed companies valued in the billion-dollar range. The funding round puts the company's worth at $912 million, according to a spokeswoman for One Kings Lane.
Jan 30- JD.com, China's second-largest e-commerce company, filed for a U.S. listing of its shares, following market leader Alibaba Group Holding Ltd in tapping into rising investor enthusiasm around China's booming online retail market.
*Investing heavily in online, new brands and products. STOCKHOLM, Jan 30- Hennes& Mauritz's rapid expansion will continue apace, the world's second-biggest fashion retailer said on Thursday after reporting that heavy investment in its online offering and new brands depressed fourth-quarter profit.
*Amazon, Otto, Zalando, D.Post biggest in e-commerce. BVH, Germany's e-commerce trade association, said on Thursday online sales reached 8.5 billion euros in the period from mid-October to Dec. 24, meaning they probably accounted for about 10 percent of total retail sales.
Jan 30- JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said on Thursday it plans to raise up to $1.5 billion in an initial public offering in the United States.
BERLIN, Jan 28- The World Bank's private-sector arm is investing up to 25 million euros in two online retailers, Lamoda in Russia and Dafiti in Latin America, the latest fundraising success for German venture capital firm Rocket Internet.
Jan 23- Starbucks Corp on Thursday reported that sales at established restaurants in its U.S.-dominated Americas region cooled more than analysts expected in its latest quarter as online shopping kept more consumers at home and reduced their visits to its coffee bars.
In October, eBay CFO Bob Swan warned of "a cautious outlook for the holiday season." Later today we’ll find out whether that was justified.
Jan 21- Amazon is in the early stages of developing a pay-TV streaming service with live programming, according to a report in The Wall Street Journal. The world's largest online retailer is joining the ranks of several other companies including Sony that are trying to own the living room with TV programming piped through the Internet.
Online retail giant Amazon says it knows its customers so well it can start shipping even before orders are placed. USAToday reports.