The Latest Breaking News from e-commerce

LXRandCo, Inc. (TSX:LXR) (TSX:LXR) (OTC:GGBBF) stated that its total net revenue estimates for April 2022 were C$1.9 million (+64% year-over-year) and the latest twelve months (LTM) period ending April 30, 2022, were C$20.5 million (+82% Y/Y). E-commerce net revenue was C$1.1 million (+17% Y/Y) for April and C$12.3 million (+113% Y/Y) for LTM…

A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying them “reasonable accommodations” and forcing them to take unpaid leave

E-commerce giant’s revenue beats estimates despite nationwide consumption slump amid lockdowns and snarled logistics

WARANGAL

With an improving pandemic outlook, the logistics and warehouse sector is continuing to grow, mainly attributed to robust e-commerce business and rising demand from the electronics and automotive industries following the country's reopening.

NextPlat Corp (NASDAQ:NXLP) reported a first-quarter net sales increase of 144% year-over-year to $3.58 million, driven by continued strong global demand for satellite-based connectivity and communications products and services. The Company achieved triple-digit growth across several key markets, all-time high average transaction values, and a record increase of 750% in direct non-eCommerce…

Global e-commerce giant eBay says it sees increasing potential for various export products from Thailand, particularly jewellery, diamonds, gemstones and collectable cards, while the company is stepping up efforts to onboard suppliers of these items.

Currently trading at $1.54, popular mobile e-commerce platform ContextLogic (WISH) has seen its shares tumble in price over the past month on investor pessimism surrounding the company’s unimpressive first-quarter performance. And given that WISH continues to grapple with multiple near-term headwinds, is it worth betting on the stock at its…

From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles, said…

Alibaba Group Holding Limited's (NYSE:BABA) joint venture in Russia has laid off about 40% of employees, Nikkei Asia reports. It was not clear if there would be more layoffs after some of the laid-off staff chose to leave voluntarily and a few relocated, Reuters reports. Alibaba and Russian partners launched AliExpress Russia joint…

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…