Etsy disclosed it hopes to raise as much as $266 million in its IPO. CNBC's Jon Fortt and Jon Steinberg, Daily Mail North America CEO, feel good about this company.» Read More
How people are doing their holiday shopping this year. Jay Henderson, IBM Smarter Conference, says online shopping is through the roof.
By contrast, analysts say supermarkets like More, owned by the Aditya Birla Group, and Reliance Industries Ltd's Reliance Fresh are struggling to attract enough customers to make a profit as they compete with the small neighbourhood stores where most people buy food. "You can go shop at a Walmart or Tesco in the U.S. and U.K. and they have parking.
PARIS, Nov 26- Net-a-porter founder Natalie Massenet stands to make more than 100 million euros next year under a deal with the online fashion retailer's owner Richemont, according to calculations based on company documents and analyst valuations. However, several London- based bankers told Reuters they were not aware Richemont was planning to do either.
Ken Sena, Evercore, discusses the firm's move to downgrade eBay to a sell rating citing payments concerns and competition in the space.
Mike Butcher, editor at large with TechCrunch, says that Alibaba could succeed on an international scale if it gets the user experience and marketing right.
Online retailer Amazon.com will release a new ad-supported video streaming service early next year, the New York Post reported, citing sources.
Nov 21- Online retailer Amazon.com Inc will release a new ad-supported video streaming service early next year, the New York Post reported, citing sources. Amazon's Prime service costs $99 a year. Though the new service will be separate from Prime, ultimately Amazon plans to lure more users and eventually get them to sign up for Prime, the Post said.
Discussing the competition among Internet retail, and suffering margins, with Gerald Storch, Storch Advisors CEO. Storch says customers are pre-shopping on the Internet before going into the store.
Tony Tang, Director of Corporate Rating at Standard and Poor's Ratings Services, says Alibaba is a "remarkable story" that will remain dominant in China's e-commerce space.
Duncan Clark, Chairman of BDA, says it will require huge investments to transplant Taobao's service culture beyond China. He later discusses the e-commerce giant's bond offering.
Nov 19- Cloud software company Salesforce.com Inc forecast revenue for the current quarter and full year 2016 that fell short of market expectations, hurt by a strong dollar. The world's biggest maker of online sales software said it expected revenue of $6.45 billion to $6.5 billion for the year ending January 2016, missing analysts' average estimate of $6.66...
Discussing the runway ahead for QVC in China, with its CEO Mike George.
QVC CEO Mike George discusses the successful adaptation to digital.
Tamer Tamar, president of EMEA Operations at Groupon, talks about how Groupon has "re-platformed" its business during Summer 2014, to make its services faster and easier to manoevure.
Nov 19- Staples Inc's quarterly sales fell for the seventh straight quarter as the company lost customers to online retailers and big-box chains. The largest U.S. office supplies retailer said net income rose to $216.8 million, or 34 cents per share, in the third quarter ended Nov. 1 from $135.2 million or 21 cents per share, a year earlier. Revenue fell 2.5 percent to...
LONDON, Nov 19- Online retail giant Amazon's own delivery service will more than halve the growth potential for Royal Mail's parcels business, the former state-owned British company said on Wednesday, sending its shares lower. Parcels make up half of Royal Mail's turnover and the development of online shopping has made them central to the company's prospects...
Indian retailers are struggling to keep up online as e-commerce garner large investments.
MUMBAI, Nov 18- The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online. Private investors have poured $2.3 billion into India's e-commerce companies so far this year, according to consulting firm Technopak,...
BRUSSELS, Nov 17- Dutch supermarket group Ahold NV forecast 20-25 percent annual growth of its online business in the coming three years, although warned that investment to reach its target would hit its operating margin next year. Ahold, with a base in the Netherlands and some 60 percent of revenue in the United States, said on Monday online sales should total...
Nov 13- Wal-Mart Stores Inc same-store sales, helped by lower gas prices, rose for the first time in seven quarters, but the world's largest retailer warned it was preparing for a bruising holiday season as it moves to match prices with online outlets. Wal-Mart said on Thursday comparable sales at stores open at least 12 months rose 0.5 percent in the third quarter...