CNBC's Courtney Reagan reports on the digital shopping divide among Americans of varying incomes in the latest All-America Economic Survey. CNBC's Steve Liesman weighs in.
Singapore-based Lazada can avoid some trial and error thanks to $1 billion in backing from Alibaba, CEO Maximilian Bittner said.
The makers of the Snuggie blanket and other products accuse the ecommerce giant of trademark infringement.
India is leapfrogging the traditional retail landscape for e-commerce, says Kunal Bahl, CEO of Snapdeal.
Retail memberships are on the rise, but an expert explains to CNBC the steps consumers should take to figure out if it works for them.
CNBC's Landon Dowdy reports on Amazon's effort to revolutionize the way consumers shop for groceries.
Dec 5- Canadian department store operator Hudson's Bay Co reported a 28.6 percent rise in quarterly sales, helped by its expansion in Europe and the acquisition of online retailer Gilt. The company's consolidated retail sales increased to C $3.30 billion in the quarter ended Oct. 29, from C $2.57 billion a year ago. The retailer reported a net loss of C $125 million...
*Retailers look for people skills, brand knowledge when hiring. Dec 5- This U.S. holiday shopping season, wearing the brand is more likely to help get you a job in a store than experience, as retailers look for enthusiasm that will persuade customers to spend and help numb the impact of online rivals like Amazon.com Inc.. Hiring managers in the United States said they...
PRAGUE— The Czech Republic has launched a new system to increase tax revenue by requiring bars and restaurants to report their sales online. The Finance Ministry hopes the electronic reporting system that went into effect Thursday will bring in an extra $700 million in taxes, but critics say it will force watering holes to raise prices or even close down.
Reports from two research firms show that the Monday after Thanksgiving was still the busiest U.S. online shopping day of the holiday season. Since Nov. 1, sales have risen 12 percent to $29.7 billion compared with the same period a year ago, comScore said. Amazon.com was the busiest site, followed by sites for retailers Walmart, Kohl's and Target.
A recent survey by TD Bank shows 78-percent of shoppers overspend on holiday purchases.
Convenience stores are booming in China as the pace of life speeds up and consumers seek quick purchases, says Bain & Company.
Convenience stores are booming as Chinese consumers want "high speed" channels to purchase goods, says Bruno Lannes, partner at Bain & Company.
The creators of the game launched the event on Black Friday.
Nov 29- Shoppers spent $3.45 billion on Cyber Monday on Samsung 4 K TVs, PlayStation 4 s and Barbie dolls among other products, marking the largest online sales day in U.S. history. Cyber Monday sales jumped 12.1 percent year-over-year and surpassed initial expectations that called for total sales of $3.36 billion, according to Adobe Digital Insights.
Allen Questrom, former CEO of JCPenney, Barneys New York, Federated Department Stores and Neiman Marcus, discusses the state of holiday shopping and the retail space.
CNBC's Courtney Reagan breaks down the numbers on consumer activity on Black Friday and Cyber Monday.
Ameet Patel, senior analyst at Northern Trust Capital Markets, discusses how silicon Valley firms can infiltrate and disrupt the logistics space.
Nov 28- U.S. online sales gained momentum on Cyber Monday and are set to surpass initial expectations by hitting a record $3.39 billion as consumers snapped up deals on the busiest day of the year for internet shopping. The revised outlook dismissed fears that a strong jump in web sales during the Thanksgiving weekend would hurt Cyber Monday.
Nov 28- U.S. shoppers snapped up Cyber Monday deals on what is usually the single biggest day for internet shopping, after stellar online sales over the Thanksgiving holiday weekend. It also follows Thanksgiving and Black Friday when online sales beat estimates to increase 18 percent from a year earlier to $5.27 billion. However, early promotions and a belief...