Internet Retail
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May 21- Saks Inc reported higher-than-expected first-quarter sales on Tuesday and said it would speed up the launch of an e-commerce site for its outlet chain as it tries to catch rivals.
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"Our checks for payroll are up for nine straight quarters now," says Martin Mucci, Paychex president & CEO, discussing where he sees employment going and the outlook on the U.S. economy.
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Australian online retailer Kogan started imposing an Internet Explorer 7 tax on customers who use the outdated browser.
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Amid the flak Facebook has gotten recently regarding its execution of online ads, Stuart Bailey, General Manager, Diversified Events says online retailing is here to stay, and postulates that the social networking site may not be the best medium for it right now.
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Warby Parker has been a revolutionary force in the eyewear market since its launch in February 2010. By selling their own designs almost exclusively online, the company is able to price its hip eyeglasses at $95 per pair. Co-founder and co-CEO Neil Blumenthal spoke about the company’s vision for growth and the potential for a future IPO.
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Foursquare is expected to announce an overhaul of its application — one that Dennis Crowley, the chief executive and one of the founders, says is the truest vision of Foursquare, turning it into a recommendation service that could rival sites like Yelp.
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As a continent with big distances between its city centers, Australia might not seem an obvious leader in online retailing given the costs of delivery. But the country boasts one of the highest levels of online sales penetration among developed nations, with much of the growth driven by offshore retailers. The FT reports.
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Ken Sena, Evercore Partners analyst, explains why shares of Groupon are taking a hit today and whether this presents an investment opportunity for investors.
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Chad Dickerson, Etsy CEO, discusses how the start-up company has been able to raise funding, generate profits and its plans for international expansion.
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Chad Dickerson, Etsy CEO, discusses how the start-up company has been able to raise funding, generate profits and its plans for international expansion.
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Dave Gilboa, and Neil Blumenthal, Warby Parker co-CEOs, discuss the company's start-up efforts, eliminating the middle man, and its "buy-a-pair, give-a-pair" eyewear program.
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Mark May, Barclays Capital Equity Research analyst, breaks down Groupon's Q1 earnings beat of $0.02 EPS vs. $0.01 estimate, and explains why he has an overweight rating on the stock.
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Should online retailers collect taxes from customers? Former Rep. William Delahunt, (D-MA) and Tom Stemberg, Highland Capital Partners, discuss the impact of lost revenue on local and state governments when consumers shop online.
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Amazon's blowout quarter sent shares soaring 14%, helped by strong demand for its Kindle devices. The Wall Street Journal's Dennis Berman discusses which companies are vulnerable to Amazon's dominance.
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Ken Sena, Evercore Partners analyst and Jason Helfstein, Oppenheimer analyst, break down the tech giant's blowout Q1 reporting EPS of $0.28 vs. $0.07 and revenues of $13.2B vs. $12.90B, and take a look at its outlook for growth.
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The "Mad Money" host reveals his earnings expectations for Celgene, Exxon-Mobil, Amazon.com, Deckers Outdoor and Zynga.
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Jeffrey Braverman left his Wall Street investment banking job to return to his family's New Jersey nut business. Was he crazy? Maybe, but he's also built a successful online business for the family-owned company.
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Amazon is back in the news as the Goliath that is taking business away from local shops.
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Kevin McVeigh, Macquarie senior analyst, discusses his "outperform" rating on Global Payments, despite its recent security breach, with the Fast Money crew.
