e-commerce

Costco Wholesale Corporation (NASDAQ:COST) stock is trading at new 52-week high levels. Following a seven-day rally, the stock briefly touched the $683.72 level on Jan. 12, closing out at $683.24. The stock has had a pretty good run over the past year, up about 45%. Costco stock is making new...

A potential breakthrough might be in sight for the ongoing strike against Tesla Inc. (NASDAQ:TSLA) in Sweden, as the IF Metall union proposed a compromise, signaling a possible end to the dispute that has been going on for nearly three months. What Happened: A report from media outlet Dagens...

Amazon.com, Inc (NASDAQ: AMZN) is getting a lot of attention in the first week of 2024 as numerous analysts have named the e-commerce giant a top pick for the year.  What To Know: On Wednesday alone, five different analyst firms named Amazon their top pick for 2024, according to CNBC....

Online spending during the 2023 holiday shopping period hit a record $222.1 billion thanks to major discounts and flexible payment methods, such as “buy now, pay later.” The data, published by Adobe Analytics on Thursday, covered the period from November 1 to December 31, taking in the...

Alibaba Group Holding Ltd (NYSE:BABA) and PDD Holdings Inc (NASDAQ:PDD) stand as titans in China’s dynamic e-commerce arena. They both operate with distinct business scales and trajectories that have shaped their market positions and investor sentiments. But despite Alibaba’s...

Alibaba (NYSE:BABA) owned e-commerce platform Lazada has initiated a new series of layoffs in its Southeast Asia operations, with Singapore being the most affected, according to CNBC. What Happened: Lazada, a Singapore-based e-commerce giant owned by Alibaba, has started laying off employees across...

In a surprising move, Chinese e-commerce behemoth JD.com Inc (NASDAQ:JD) has disclosed plans for significant salary increments for its workforce in 2024, notwithstanding a volatile Chinese consumer market. What Happened: JD.com is set to nearly double the fixed salaries of its procurement, sales,...

The Apple Inc (NASDAQ: AAPL) iOS App Store can provide an early read on holiday shopping trends. Here's a look at the biggest tech winners this year based on App Store data from Christmas. What To Know: Meta Platforms Inc (NASDAQ: META) appears to have virtually stolen Christmas...

Key Takeaways: Dada Nexus has appointed two JD Logistics veterans as its new chairman and CFO, hinting at closer integration between the two companies The intra-city delivery company has become more integrated with JD.com since JD boosted its stake in Dada Nexus to 52% last year from a previous 47...

Amazon.com, Inc. (NASDAQ:AMZN) stock gained good ground this year, up 78% on a YTD basis (as of Dec. 21, 2023). It is the most valuable company of 2023. Wedbush expects Amazon to clock $46.5 billion in advertising revenue in 2023. It sees the company well-positioned to continue taking a share of...

On Tuesday, Affirm Holdings Inc (NASDAQ: AFRM) announced it is expanding its partnership with Walmart Inc (NYSE: WMT), sending its shares up as much as 16.1%. With their existing partnership, Walmart customers are able to purchase goods online and in stores by pre-applying for...

In a recent announcement, Alibaba Group Holding Ltd. (NYSE:BABA) on Wednesday confirmed that its CEO, Eddie Wu, will take over the reins of the company’s primary e-commerce business. This decision comes amidst concerns over the company’s slowing growth and marks a significant change in...

In a bold strategic shift, GameStop (NYSE: GME) has positioned itself to venture beyond the gaming realm, signaling its intent to acquire undervalued companies teetering on the brink of bankruptcy. The move comes as the gaming retailer embraces its newfound global recognition earned during the 2021...

Rivian Automotive Inc (NASDAQ: RIVN) commited to deliver 100,000 electric vans to the e-commerce titan Amazon.com Inc (NASDAQ: AMZN). But as of November, Rivian and Amazon are no longer in an exclusive relationship, allowing Rivian to sell its electric fleet to others. Today, Rivian revealed...

Telsey Advisory Group's (TAG) equity research department provided an industry update on three U.S. discounters: Walmart Inc (NYSE:WMT), Five Below Inc (NASDAQ:FIVE) and Target Corp (NYSE:TGT). In a recent exploration of Northern New Jersey’s retail landscape, Walmart, Five Below, and Target...