Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Sports e-commerce company Fanatics is growing quickly, but it’s still nowhere near where it aims to be. Recently, the company said, it has reached a $ 27 billion valuation and it … Read more
Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record $ 761 billion of merchandise was returned to retailers in 2021. That amount surpasses what the US spent on national defense in 2021, which was … Read more
Richard Liu, the founder of Chinese e-commerce giant JD.com, will step down from his role as CEO. His departure comes after a number of high-profile technology founders exited their leadership positions amid Beijing’s regulatory crackdown on its domestic tech sector. VCG | Visual China Group | Getty Images JD.com’s billionaire founder Richard Liu has stepped … Read more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 9% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $ 15 billion to $ 25 billion. The share repurchase scheme will … Read more
Block co-founder Jim McKelvey. CNBC | NBC Universal | Getty Images BARCELONA – In 2014, Amazon launched a product that sounded strikingly similar to something already on offer from Twitter co-founder Jack Dorsey’s payments company Square, which is today known as Block. It was called Amazon Register, and it would let small businesses accept credit … Read more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba on Thursday reported its slowest quarterly revenue growth since going public and missed expectations, but the Chinese e-commerce giant did beat on earnings. Here’s how Alibaba did in its fiscal third-quarter, versus Refinitiv consensus estimates: Revenue: 242.58 … Read more
Alibaba could report its slowest quarterly revenue growth since public records were available from its 2014 IPO due to macroeconomic headwinds in China.
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Sending back an online order has never been easier. It’s often free for the customer, with some retailers even allowing customers to keep the item while offering a full refund. Amazon returns can be dropped off at Kohl’s, UPS or Whole Foods without boxing it up or even printing a label. But there’s a darker … Read more
British Formula One driver Lewis Hamilton. Bryn Lennon – Formula 1 | Formula 1 via Getty Images LONDON – British Formula One driver Lewis Hamilton has backed rapid grocery delivery start-up Zapp as part of a larger $ 200 million investment in the company. The London-based firm said Friday it raised the fresh cash in … Read more