e-commerce

On Tuesday, Costco Wholesale Corporation (NASDAQ: COST) topped quarterly earnings expectation despite a persistent weakness in sales. Like Walmart (NYSE: WMT) and Target (NYSE: TGT), Costco observed weaker trends in discretionary items as it enjoyed strong grocery sales. While Walmart, Target...

Approximately 10% of Amazon shoppers in Great Britain may have been offered bribes for positive product reviews. Amazon’s stock experienced a significant decline, gapping down over 2%. A recent survey conducted by UK consumer body, Which?, has uncovered alarming insights into the...

The era of artificial intelligence is upon us, and Chinese e-commerce sellers are making extensive use of it to sell their products with 24/7 livestreams, straight out of a dystopian sci-fi movie. What Happened: Chinese e-commerce sellers are leveraging AI to generate commercials using deepfakes...

Popular tech YouTuber Marques Brownlee reviewed the electric delivery vans (EDV) manufactured by Rivian Automotive Inc (NASDAQ:RIVN) for online retailer Amazon.com Inc (NASDAQ:AMZN) and he seems rather impressed. What Happened: “It’s kinda sick,” Brownlee, popularly known as...

Key Takeaways: LightInTheBox‘s revenue rose 45% in the second quarter, but it forecast the growth rate would slow in the current quarter due to ‘macroeconomic turbulence’ The company is better positioned than its peers due to its more global sales footprint and its focus on...

U.S. stocks experienced a downward trend as trading neared its close, with the Dow Jones witnessing a decline of over 100 points on Tuesday. The Dow decreased by 0.31%, settling at 34,517.73, while the NASDAQ experienced a drop of 0.23%, closing at 13,678.19. Similarly, the S&P 500 also saw a...

On Monday, Stitch Fix Inc (NASDAQ: SFIX) reported its fourth quarter results. The fashion subscription service succeeded to narrow its losses but it is still struggling with declining revenue that marked its fiscal year. As the holiday season approaches, consumers are navigating through a...

Walmart has recently decided to reduce the starting pay for new employees. Despite the pay cut, Walmart's stock price has been on a remarkable rise, reaching new record highs. Since its bullish trend beginning in November 2015, Walmart's stock has surged by 190%. Walmart Inc (NYSE: WMT),...

Amazon's stock has surged by 69% this year, making reaching the $150 milestone seem easily achievable. Amazon.com, Inc. (NASDAQ: AMZN), the dominant force in e-commerce, has experienced remarkable growth throughout the year. In January, the stock price remained slightly above $80, a crucial...

Key Takeaways: Alibaba said its former Chairman Daniel Zhang will leave his new position as head of its cloud unit to manage a tech fund with a $1 billion contribution from the company The cloud unit is facing a number of challenges, including Beijing’s growing preference for state-run...

An analyst from Cathie Wood-led Ark Investment Management sees the new tie-up between Amazon.com Inc. (NASDAQ:AMZN) and Shopify Inc (NYSE:SHOP) aiding both parties. Under the agreement announced last week, Shopify merchants can now offer ‘Buy with Prime’ for payment processing and...

Today, ambitious tonneau cover manufacturer who aims to reshape the North American truck bed industry, Worksport Ltd. (NASDAQ: WKSP)(NASDAQ: WKSPW), revealed its comprehensive sales strategy as it continues working to deliver the world’s first solar-powered tonneau cover SOLIS along with the...

The pet e-commerce company Chewy Inc (NYSE: CHWY) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Chewy reported second-quarter net sales of $2.78 billion, which was up 14.3% year-over-year. The net sales came in ahead of a...

A story of sharply divergent quarterly results that began with Target Corporation (NYSE: TGT) and The Home Depot Inc (NYSE: HD) struggling on one side, and Walmart Inc (NYSE: WMT) and The TJX Companies Inc (NYSE: TJX) thriving on the other, continued last week with Foot Locker...

Key Takeaways: Baozun announced a new joint venture with Authentic Brands Group, which will own rights to the Hunter brand of outdoor wear products in China and Southeast Asia The e-commerce company also announced strong progress for its recently acquired Gap China stores, including plans to start...