Fanatics aims to be $100 billion company

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

How Amazon plans to fix its massive returns problem

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

JD.com founder Richard Liu steps down as CEO of e-commerce giant

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 stock spikes after it ups share buyback program to $25 billion

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

How Block (Square) avoided death by Amazon

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

Slowest revenue growth since IPO

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 is set to report slowest ever growth in December quarter as Chinese economic headwinds hit

Alibaba could report its slowest quarterly revenue growth since public records were available from its 2014 IPO due to macroeconomic headwinds in China.

What really happens to them?

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

Lewis Hamilton invests in rapid grocery delivery start-up Zapp

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