Gerald Storch, Storch Advisors CEO, explains why its important brick and mortar retailers have a strong online strategy and breaks down the disappointing retail numbers for Black Friday and the strong rebound in cyber Monday sales.» Read More
It's an "urban legend" that Priceline.com pitchman William Shatner made $500 million from receiving stock, the chief of the online travel website says.
AMSTERDAM, Nov 4- Dutch retailer RFS Holland Holding, which owns the wehkamp.nl online store, is to build what it says will be the world's largest automated online distribution centre, able to deliver 80,000 packages a day.
Nov 1- Shares of Qunar Cayman Islands Ltd doubled in their market debut, underscoring revived investor interest in Chinese companies as they return to the U.S. Five Chinese companies have listed on the Nasdaq and New York Stock Exchange so far this year, including Qunar, which is controlled by Chinese internet giant Baidu Inc..
Andy Dunn, founder and CEO of Bonobos, hopes to create an effortless shopping experience with its new women's line "Ayr."
Retailers facing the shortest holiday season in years are hitting customers with deals and promotions this week, before they have even digested their Halloween candy.
These are some of the incentives the world's biggest online retailer Amazon.com Inc is using to entice Indians to shop on the web, a sector where growth has been stifled by payment problems, low Internet usage and a challenging logistics environment.
Wal-Mart Stores Inc is kicking off its online deals on Friday, a month earlier than usual- underscoring worries that intense discounting aimed at luring budget-conscious shoppers could result in the most tepid holiday spending rise in four years.
For Amazon it's all about top-line growth, despite posting a loss for the third consecutive quarter, shares of the e-retailer are trading higher, reports CNBC'S Courtney Reagan.
Oct 25- United Parcel Service Inc said increased demand in domestic ground shipments lifted profits in the third quarter and expects online sales to boost shipping volumes as it heads into the holiday quarter.
Mark Mahaney, RBC Capital Markets analyst, has the play on the tech giant's outlook, as the company grows despite being unprofitable.
Tom Forte, Telsey Advisory Group, says one day consumers will be able to buy a smartphone and television from the tech giant as the company expands its plans to grow market share.
Amazon.com reported quarterly revenue that beat expectations and a quarterly loss that met forecasts. Shares jumped after-hours.
*Delivery fleet seeks to beat Lagos traffic. BERLIN, Oct 24- The online retailer Jumia, a would-be African Amazon, is betting that it can propel the continent's rising middle class consumers out of the street markets and straight onto its websites, missing out the department stores and shopping malls in between.
*Britain, trailblazer in online grocery, seen at 13.7 bln euros. *Grocery e-commerce also set to take off in Germany, Netherlands. BERLIN, Oct 24- Online grocery sales will roughly double on average by 2016 in five key northern European markets- Britain, France, Germany, Switzerland and the Netherlands- the food and consumer goods research group IGD said on Thursday.
Groupon CEO Eric Lefkofsky told CNBC on Wednesday the deal company's mobile concentration continues to grow.
*ASOS to invest in warehouses and China launch. *ASOS shares down as investment to dent profit margins. LONDON, Oct 23- The British-based online fashion retailer ASOS is stepping up investment in high-tech warehouses to speed deliveries and cut costs as e-commerce expands at a breakneck pace.
Amazon.com customers will need to spend more money on the site in order to qualify for free shipping.
Bruce Rockowitz, Group CEO, Li & Fung says the retail industry is not on a straight march to e-commerce.
New York and Illinois court rulings on 'Amazon taxes' may head to the U.S. Supreme Court to settle questions about the taxing online retail sales.
WASHINGTON, Oct 21- Diverging high court rulings in New York and Illinois over' Amazon taxes' point to a possible U.S. Supreme Court case to settle questions about the legality of states taxing online retail sales, lawyers said on Monday.