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2019 Holiday Sales Wrap-up
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The 2019 holiday shopping season exhibited mixed results, with online revenues growing substantially but brick-and-mortar sales showing meager or negative growth. The entire holiday season — November 1 through December 31 — saw a modest total increase in overall revenues.
Topics: billion, sales, smartphones, total, retailers, online, holiday, wrapup, increase, reported, stores. -
49 Essential Small Business Stats You Need to Know
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Small businesses are the lifeblood of any economy. Mom-and-pop restaurants, corner stores, family-owned shops, boutique tech firms, and other ventures drive economic growth, foster innovation, and generate employment opportunities.
Topics: essential, sba, say, meta, half, need, know, businesses, small, reported, verizon, stats, business, smbs. -
78% Dutch consumers shop online in 2023
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In the first quarter of this year, almost eight out of ten Dutch consumers bought something online. This is a small increase compared to the same period in 2022 (74 percent). The current rate of online shoppers is close to the rate in 2021, when it was 77 percent. These…
Topics: bought, shoppers, shop, dutch, share, consumers, reported, online, shoes. -
Amazon stock plunges to two-year low following first-quarter loss
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Amazon stock plunged to a two-year low as shares slid as much as 12% on Friday morning after the company reported its first-quarter results yesterday. The company reported a loss of $3.84 billion, or $7.56 a share, for the first quarter. In the first quarter of last year, Amazon reported a profit of $8.1 billion, […]
Topics: amazon, low, company, quarterly, workers, prime, firstquarter, techcrunch, following, quarter, plunges, stock, twoyear, reported, loss, results, supply, billion. -
Amazon to open its first non-Whole Foods grocery store in 2020
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Amazon is opening its first non-Whole Foods grocery store in the LA neighborhood of Woodland Hills, the retailer today confirmed. The news of the new store was first reported by CNET, which spotted several job postings referencing the location, including those for a zone leader, grocery associates and a food service associate. Unlike Amazon’s growing […]
Topics: nonwhole, techcrunch, reported, hills, amazon, store, food, woodland, foods, open, grocery, stores, locations. -
Amazon up 7% following earnings beat
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Amazon reported first-quarter earnings after the bell on Thursday, sending shares up 7 percent in after-hours trading after its significantly better-than-expected report. The company reported earnings per share of $3.27, well above the $1.26 that analysts had been expecting. This worked out to $1.6 billion in net income, up from $724 million last year. Revenue […]
Topics: earnings, came, saw, beat, amazon, company, shares, reported, following, growth, revenue, amazons, billion. -
Apple to begin online sales in India this year, open first retail store in 2021
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For a decade, Apple has solely relied on third-party sellers, stores and marketplaces to sell its products in India. That will begin to change this year. At the company’s annual shareholder meeting Wednesday, chief executive Tim Cook told investors that Apple will open its online store in India, the world’s second largest smartphone market, at […]
Topics: apple, india, country, research, reported, sales, begin, techcrunch, open, company, retail, market, online, store. -
California is investigating concerns about COVID-19 safety at Amazon centers
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According to a new court filing, multiple California state offices are actively investigating Amazon over worker safety concerns as the coronavirus continues to rage throughout the U.S. In the filing, reported by Reuters, San Francisco Superior Court Judge Ethan Schulman writes that California Attorney General Xavier Becerra, California’s Division of Occupational Safety and Health and […]
Topics: investigating, covid19, health, reported, concerns, amazon, state, safety, techcrunch, workers, california, worker, san, court, centers. -
EBay beats with revenues of $2.6B and EPS of $0.67 as restructuring takes shape
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As eBay continues to work through a restructuring strategy, the e-commerce marketplace and online auction pioneer reported earnings for the first quarter of the year that should keep some of the more activist shareholders a little at bay. The company reported revenues of $2.6 billion and non-GAAP net income of $608 million, or diluted earnings […]
Topics: quarter, growth, revenues, restructuring, eps, shape, takes, techcrunch, beats, company, share, 26b, range, ebay, strategy, billion, reported. -
Feds arrest former Amazon employee after company reported him to FBI for fraud
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Amazon today disclosed that a former employee has been arrested for committing fraud against the online retailer. The company says it reported Vu Anh Nguyen to the Federal Bureau of Investigation in July 2020 for falsely issuing refunds to himself and his associates for products ordered on Amazon.com. The U.S. Dept. of Justice on Friday […]
Topics: wire, fraud, refunds, feds, amazon, reported, company, fbi, items, thirdparty, involved, arrest, employees, scheme, employee, nguyen. -
Festive Season Sale In E-Commerce Portals Reported 28 Per Cent Increase
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The report also added that there was over 32 per cent YoY progress in festival order volumes for tier III cities and over 20 per cent progress in tier II volumes
Topics: yoy, portals, ecommerce, reported, season, cent, order, days, volumes, festive, volume, growth, increase, tier, sale. -
Gopuff, the instant delivery upstart, taps ex-Disney head Bob Iger as its newest investor and advisor
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Gopuff, the instant delivery giant valued at $15 billion, made a name for itself courting consumers wanting groceries and other essentials with an app that lets them order and get those goods delivered in around 30 minutes. Now, as the category matures and faces a period of consolidation, Gopuff is announcing a new big-name advisor […]
Topics: gopuff, head, instant, iger, consumers, reported, exdisney, delivery, techcrunch, investor, company, consumer, billion, market, newest, taps, upstart. -
Grab reported to take stake in HappyFresh
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Southeast Asian ride-hailing service Grab has reportedly invested in Indonesia-based online grocery service HappyFresh.
Topics: undergoing, grocery, thailand, stake, southeast, testing, service, spokesperson, grab, happyfresh, reported, ridehailing. -
How COVID-19 Changed the Way We Think About Office Technology [New Research]
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The recent COVID-19 pandemic has changed how we think about a lot of things.
Topics: office, teams, reported, research, way, changed, marketing, covid19, inhouse, respondents, think, tools, technology, majority, pandemic, work. -
Massive Suning profit increase reported
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Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report.
Topics: yearthe, increase, reported, million, day, company, result, billion, delivery, cent, profit, suning, massive. -
Stitch Fix tumbles 20% in after-hours trading following lukewarm earnings report
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The company, which today announced its first international expansion, disappointed analysts with its latest earnings report.
Topics: lukewarm, earnings, fix, afterhours, trading, shares, following, stitch, million, reported, report, tumbles, net, revenue, company. -
Target’s same-day delivery reaches 1,100+ stores, Drive Up to reach 1,000 by year-end
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Amazon may be betting on the convenience of cashier-less stores, but Target is instead focused on order-ahead e-commerce. The company’s Drive Up service, which allows shoppers to place orders online, then pick up at a nearby store without getting out of their car, is now on track to reach nearly 1,000 U.S. stores before the […]
Topics: drive, delivery, reaches, prime, shoppers, stores, ecommerce, reported, yearend, service, sameday, reach, target, targets, sales. -
UK government urges Amazon to unfreeze seller funds
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The British government has issued an urgent plea to Amazon to unfreeze seller funds. Kevin Hollinrake, the enterprise minister, expressed deep concern after a flood of complaints. “I would urge you to look into this issue further as a matter of urgency”, he wrote to Amazon.Approximately four hundred complaints were…
Topics: urges, british, united, seller, amazon, traders, sellers, reported, vat, funds, unfreeze, uk. -
Walmart completes its $16 billion acquisition of Flipkart
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Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, […]
Topics: business, investors, flipkart, billion, previously, walmart, supporting, completes, public, plans, reported, acquisition, sees. -
Why e-commerce startups aren’t raising more funding during this historic boom
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After yesterday’s look into the somewhat lackluster pace of investment into e-commerce-focused startups this year, a few VCs sent in notes that added useful context. So this morning let’s discuss why the pace of e-commerce startup fundraising has been so milquetoast in 2020. The Exchange explores startups, markets and money. You can read it every […]
Topics: techcrunch, reported, sales, yesterday, space, raising, boom, arent, data, walmarts, startup, ecommerce, target, historic, startups, funding.