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The Latest Breaking News from e-commerce

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

Amazon has joined the exclusive $2 trillion club after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold

The Independent UK

Can Shopify Stock Hit $100 Per Share?

After Shopify’s sharp pullback from 52-week highs, analysts are increasingly looking for a rally toward $100 per share, based on recent price-target hikes.

Barchart

She Spent $700 To Start An eCommerce Site; Now She's Russia's Richest Woman Worth $7.4B

Tatyana Bakalchuk is the wealthiest woman in Russia who started her billionaire e-commerce platform while on maternity leave.

International Business Times UK

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The Latest E-Commerce Trends in 2024

The e-commerce landscape changes every year. New technologies spur on new behaviors, and sellers quickly capitalize on these.

inkl

Millennials’ fast-fashion favorite Forever 21 can’t keep up with e-commerce giant Shein’s meteoric rise

Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.

Fortune

California fines Amazon nearly $6M, alleging illegal work quotas at 2 warehouses

California has fined Amazon a total of $5.9 million, alleging the e-commerce giant worked warehouse employees so hard that it put their safety at risk

The Independent UK

Walmart is becoming the new Amazon as customers make smaller, but frequent purchases: 'That’s a trend that's not going to reverse,' CFO says

CFO John David Rainey said Wednesday that Walmart+ customers, on average, spend twice as much on online orders as the retailer’s other shoppers.

Fortune

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3 Logistics Stocks to Buy as E-commerce Expands

Fueled by the rapid incorporation of technological trends, the logistics industry is primed for a significant expansion in the near term. Given this backdrop, investors could consider buying logistics stocks such as Universal Logistics Holdings (ULH), AerCap Holdings (AER), and FedEx (FDX), with the expansion of e-commerce. Read on.

StockNews.com

20% Americans Shop On Temu Weekly: Open Your Own Temu Store Now And Earn Income

Temu, a rising e-commerce platform, offers low prices and a chance to be a seller. But be aware of potential regulatory issues.

International Business Times UK

3 E-Commerce Stocks Capitalizing on Digital Shopping Trends

The e-commerce sector shows promise due to the internet's transformative impact, AI, enhanced experiences, mobile dominance, and ongoing innovations. Therefore, it could be wise to consider adding strong e-commerce stocks like Shopify (SHOP), MercadoLibre (MELI), and Etsy (ETSY) to capitalize on these industry trends. Keep reading.

StockNews.com

Helio Upgrades Solana Pay Plugin, Enabling Crypto Payments For Millions Of Shopify Merchants

Helio has updated the Solana Pay plugin for Shopify, setting the standard for enhanced e-commerce payments through the integration of improved Web3 features such as NFT airdrops.

International Business Times

How to Start Selling Your Products on TikTok Shop

When TikTok started as a social media platform, it rocked the internet, redefining online media and becoming one of the fastest-growing apps in the world.

inkl

More Than 15,000 Amazon Contract Drivers File Suit Seeking Overtime Compensation, Unpaid Wages

More than 15,000 Amazon contract drivers filed claims against the e-commerce giant to seek compensation for overtime hours and unpaid wages.

International Business Times

GME (GameStop) Earnings Preview: Can Gaming Sector Momentum Be Sustained?

GameStop’s (GME) preliminary first-quarter 2024 results reveal a drop in net sales and significant losses. The retailer faces challenges from reduced demand for physical games and heightened competition from e-commerce giants. Let’s find out if GME can weather the storm and sustain momentum in the gaming sector. Read more.

StockNews.com

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International Business Times

Amazon Labor Union To Affiliate With Teamsters Amid Battle With E-Commerce Giant

Amazon Labor Union will be affiliating with Teamsters to gain more strength in negotiating for a contract with Amazon.

Evening Standard

Ocado on the brink of relegation from the FTSE 100 after long run lower for its shares

Stocks in the online grocery retailer and cutting edge e-commerce tech firm peaked during the pandemic

Fortune

Walmart CEO Doug McMillon keeps fending off Amazon for the top spot on the Fortune 500. Can he and the mega-retailer continue their streak?

Under McMillon, Walmart has gone from also-ran to juggernaut in e-commerce and wooed more upper-income shoppers.

The Independent UK

Everyone’s buying gold bars from... Costco: Sale of precious metals drives up company’s e-commerce arm

Buyers flocking to pick up precious metals from company more known for giant tubs of mayonaise

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Fortune

Mark Zuckerberg is quietly sitting on a shopping empire with 4 times the customers of Amazon, as Facebook Marketplace skyrockets

The secondhand platform boasts up to 1.2 billion monthly users, with Gen Z and millennials flocking to the site in search of hidden gems.

International Business Times

BestChange In UAE: Dubai Has Become An Ideal Place For Business Development

The BestChange service, launched back in 2007, stands out in the volatile e-commerce market thanks to its long time in the business.

Top News

Japan Companies Shine In Hedge Funds' Top Asia Picks

Hedge funds are turning to Japan for investment opportunities in technology, healthcare, and e-commerce due to its resilient economy and market leadership.

StockNews.com

3 Retail Stocks to Avoid in May

Persistent inflation and high interest rates are significantly affecting consumer spending. Despite this, the retail industry is set for long-term profitability, driven by shifting consumer tastes, technological innovations, and e-commerce growth. Amid this, retail stocks Grocery Outlet (GO), Dollar Tree (DLTR), and Dollar General (DG) are best avoided now. Read…

Fortune

Need help choosing a CRM for your small business? Explore the 10 best CRM tools that help teams streamline their sales process.

Explore the best CRM solutions that help small businesses collaborate and drive revenue.

International Business Times UK

Billionaire Ken Griffin Goes Heavy on This Tech Stock, Increases Stake By 200% in Two Quarters

Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.

StockNews.com

Top 3 Retail Stocks for May Growth Opportunities

The retail sector is thriving due to the growth of e-commerce, technological advancements that simplify and personalize shopping, higher consumer spending, evolving shopping habits, and improved supply chain management. Therefore, it may be wise to consider investing in retail stocks Tesco (TSCDY), DFI Retail Group Holdings (DFIHY), and Kroger (KR)…

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