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The Latest Breaking News from e-commerce

Express Shares Gain Post Q1 Earnings

Express Inc (NYSE:EXPR) reported first-quarter FY22 sales growth of 30% year-over-year to $450.79 million, beating the consensus of $435.74 million. Consolidated comparable sales increased 31% versus last year. E-commerce demand grew 21% Y/Y. Comparable retail sales, including Express stores and eCommerce, rose 32%, and comparable outlet store sales increased 30%. Operating expenses rose…

Amazon delivery pressure hurting workers, labour group says

Amazon delivery pressure hurting workers, labour group says

SAN FRANCISCO: A labour coalition on Tuesday said that Amazon delivery workers are getting hurt due to pressure by the e-commerce giant to quickly distribute heaps of packages to customers.

AppTech Shares Gain As It Closes Acquisition Of Hothand

AppTech Shares Gain As It Closes Acquisition Of Hothand

AppTech Payments Corp (NASDAQ:APCX) announced the closing of its acquisition of Hothand Inc. AppTech now owns Hothand's portfolio of twelve patents focused on delivering, purchasing, or requesting any products or services within specific geolocation and time parameters provided by a consumer's cell phone anywhere in the U.S. Hothand is a patent-holding company that…

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Why Amazon Shares Are Diving Today

Amazon.com, Inc. (NASDAQ: AMZN) shares are trading lower by 3.04% at $2,084.69. Shares of retail and e-commerce companies are trading lower In sympathy with Abercrombie, which fell following its first-quarter report amid increased freight costs.

Vipshop Takes Defensive Posture As Headwinds Mount

Key Takeaways: Vipshop’s revenue fell 11% in the first quarter, and it forecast the decline would accelerate to as much as 25% in the current quarter Company last month authorized a new $1 billion share repurchase program after buying back $500 million of shares over the previous year By Doug…

Credit card spending online nearly Rs 30,000 crore higher than swipes in March: RBI data

NEW DELHI: Credit card spending online was nearly Rs 30,000 crore more than the spending done through swipes at points of sale in March, indicating an increased preference among people for e-commerce purchases.

The Times of India

What is the metaverse, and what can we do there?

You’ve likely heard recently how the metaverse will usher in a new era of digital connectivity, virtual reality (VR) experiences and e-commerce. Tech companies are betting big on it: Microsoft’s massive US$68.7 billion acquisition of game developing giant Activision Blizzard reflected the company’s desire to bolster its position in the…

The Conversation

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Cold beer to your door: brewers in Latin America go direct

Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

eBay To Open LA Pop-Up Store For Sneaker Shoppers

eBay To Open LA Pop-Up Store For Sneaker Shoppers

eBay (NASDAQ: EBAY) is moving beyond its e-commerce platform to operate a pop-up brick-and-mortar retail store that sells sneakers.

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

THG shares rocket as Nick Candy circles and separate bid rejected

THG shares rocket as Nick Candy circles and separate bid rejected

The e-commerce company rejected a ‘highly preliminary’ 170p-a-share bid from Belerion Capital Group and King Street Capital Management but analysts think THG will continue to be a takeover target

Evening Standard

Truist Is Cautious Over Alibaba Despite Its Bullish Rating - Read Why

Truist Is Cautious Over Alibaba Despite Its Bullish Rating - Read Why

Truist analyst Youssef Squali believed that the slowdown in online sales would affect Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA).

Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform

Treez Rolls Out Integration Of Cannabis Cloud Commerce Platform With Tymber's E-Commerce Platform

Treez, a leading provider of an enterprise cloud commerce platform for retail and supply chain operations in the cannabis market, will integrate with Tymber's e-commerce platform, which enables cannabis retailers to enhance the omnichannel experience with cashless payments, dynamic (ice cream truck) delivery, SEO optimized menus and native mobile

LXRandCo Registers 64% Revenue Growth In April

LXRandCo Registers 64% Revenue Growth In April

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…

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The Independent UK

NY agency files discrimination complaint against Amazon

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

JD.com Quarterly Growth at Eight-Year Low Amid Virus Restrictions

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

SERP-Flipkart tie-up mooted in Jangaon district

Warehouses thrive as e-commerce booms

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.

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Why NextPlat Are Trading Higher After Hours

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…

Thai market holds promise for eBay

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.

Is ContextLogic a Buy Under $2?

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…

Asharq Al-Awsat

Tech Titans Curb Hiring in a 'Challenging Macro Environment'

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 Downsizes Russia Joint Venture Workforce By 40% Amid Geopolitical, Regulatory Uncertainty

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…

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

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…

Alibaba's first Thailand data centre goes live

Alibaba Cloud, the cloud computing service arm of Chinese e-commerce giant Alibaba Group, has launched its first data centre in Thailand to capitalise on the country's cloud market and support the nation's 20-year strategic plan.

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