"I don't think it's worth providing $3 billion and setting a precedent" for other companies to pick the city's pockets, state Sen. Michael Gianaris says.
A faster-than-expected deterioration of eBay's marketplace is likely to cap any future stock gains, according to Morgan Stanley, which downgraded the stock to equal weight.
Cowen's internet analyst says Amazon is his best idea for 2019 because multiple drivers will generate solid revenue and margin growth.
Huawei has reportedly agreed to conform with a list of terms set out by GCHQ's National Cyber Security Centre.
NEW YORK, Dec 6- Online cosmetics retailer Birchbox made its debut inside several Walgreens Boots Alliance Inc stores across the United States on Thursday, one of many e-commerce companies expanding its physical presence to better connect with shoppers and drive sales. Even Amazon.com Inc purchased Whole Foods, with about 500 stores, for $13.7 billion in 2017...
HBC, the owner of the Saks Fifth Avenue luxury retailer reported a net loss from continuing operations of C $124 million, or 52 Canadian cents a share, for the three months ended Nov. 3, compared with a loss of C $116 million, or 64 cents, a year earlier. The company sold its unprofitable online brand Gilt and has said it will further shrink the footprint of its struggling...
*Germany is Amazon's second-biggest market. BERLIN, Nov 29- Germany's antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace. Germany's Federal Cartel Office said in a statement on Thursday that it had...
*IKEA Group owns most IKEA stores world-wide. STOCKHOLM, Nov 28- IKEA Group said on Wednesday large investments in improving its online offering, delivery services and in opening new smaller city center stores to meet changing shopping habits pulled its full-year profits down 26 percent. Its new city center formats include a dedicated kitchen showroom in...
"A lot of that initial reluctance will burn off and people will realize what a great deal this is for New York City," says Deputy Mayor for Housing and Economic Development Alicia Glen.
Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales.
Nov 26- Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. The marketing event was expected to pick up steam Monday evening as West Coast shoppers nab deals after work and those on the East Coast make purchases before bedtime, according...
Nov 26- Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. The marketing event was expected to pick up steam this evening as West Coast shoppers nab deals after work and those on the U.S. East Coast make purchases before bed, according to...
*Cyber Monday expected to rake in $7.8 bln in sales. Nov 26- U.S. stocks rebounded on Monday after two bruising weeks, as investors picked up beaten-down energy and financial stocks, while retailers gained on hopes of robust sales on the largest online shopping day of the year. Cyber Monday is expected to rake in a record $7.8 billion in sales, according to Adobe...
*Kering to end e-commerce jv with Richemont's YNAP. PARIS, Nov 26- Kering said on Monday it would develop its own online shopping sites by 2020, ending an outsourcing joint-venture for brands like Balenciaga, showing how major luxury companies are speeding up e-commerce plans. But YNAP, which Richemont took control of earlier this year, had set up and managed...
Nov 26- Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, but will also test the limits of retailers' e-commerce operations as millions of shoppers scour for steep discounts on everything from Lego sets to big-screen TVs. The much-hyped marketing event is expected to bring in more than $3 billion in online, e-commerce sales volume,...
Nov 26- Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, but will also test the limits of retailers' e-commerce operations as millions of shoppers scour for steep discounts on everything from Lego sets to big-screen TVs. Retailers have logged $531 million in online sales as of the latest tally and is set to hit $7.8 billion in sales,...
*Cyber Monday expected to rake in $7.8 bln in sales. Nov 26- U.S. stocks gained on Monday, helped by shares of retailers on expectations of blockbuster sales on the largest online shopping day of the year, and as technology shares rose after taking a beating last week. The shopping day is expected to rake in $7.8 billion in sales, according to Adobe Analytics, which...
The much-hyped marketing day is expected to be the largest U.S. online shopping day ever, generating $7.8 billion in sales, according to research firm Adobe Analytics, which tracks transactions at most of the top U.S. online retailers. On Black Friday, websites of clothing retailers J. Crew and Lululemon Athletica Inc and home improvement chain Lowe's Cos Inc...
PARIS, Nov 26- Kering said on Monday it would develop its own online shopping sites by 2020, ending an outsourcing joint-venture for brands like Balenciaga and showing how major luxury companies are speeding up e-commerce plans. But YNAP, which Richemont took control of earlier this year, had set up and managed e-commerce operations for seven Kering brands,...
The much-hyped marketing day is expected to be the largest U.S. online shopping day in history, yielding $7.8 billion in sales or 17.6 percent growth over last year, according to Adobe Analytics, which tracks transactions at most of the top U.S. online retailers. On Black Friday, websites of clothing retailers J. Crew and Lululemon Athletica Inc and home...
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