Revenue set for first fall

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba’s revenue could decline for the first time on … Read more

rising costs are squeezing retailers’ margins

Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retailers who have not completely passed on price increases to consumers, and are currently feeling the “margin squeeze,” Ernie Koh, the association’s president told CNBC’s … Read more

Alibaba shares drop after Jack Ma’s Ant Group says no plan for IPO

Ant Group, founded by billionaire Jack Ma, scrapped its IPO in November 2020 after regulators flagged concerns with the company. Since then, the company has been ordered to rectify its business. Ant Group said that a revived IPO is not on the cards yet. Costfoto | Future Publishing | Getty Images Alibaba shares dropped 8% … Read more

Slowest quarterly revenue growth on record

Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of 2022, versus Refinitiv consensus … Read more

How Amazon, American Airlines and Subaru burn waste to make energy

In northern California’s Stanislaus County, next to a landfill, there’s a company managing waste in a very different way: by burning trash instead of burying it. The energy recovery facility run by New Jersey-based Covanta harnesses steam to make enough electricity to power 18,000 homes in the area. A portion of the waste comes from … 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

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.

Liquidation services resell returned items, a $644 billion business

Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Target, Sony, Home Depot, Wayfair and more, all in the process of being liquidated. “Liquidators are coming in and they’re buying up all of this product in bulk. They’re then packaging it, palletizing … Read more

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