e-commerce Archive

Watch Out Wal-Mart. Amazon Is Coming After the Grocery Business

SEATTLE, United States — For years, Wal-Mart Stores Inc. has followed Amazon.com Inc., putting inventory online and starting its own version of a marketplace where third-party merchants can sell their wares. Now Amazon is returning the favour. The e-commerce behemoth is building pickup locations for groceries in Seattle that could open by the end of the year, according to someone familiar with the plans, echoing a …

Zalando Raises Full-Year Forecast After Third-Quarter Profit

BERLIN, Germany — Online apparel retailer Zalando SE raised its full-year forecast after it made an unexpected profit before interest and tax in the third quarter. Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement released late Tuesday, compared with a previous range of 4 percent to 5.5 percent. Earnings before interest and tax were €8 million …

The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding

“ZTO Express Eyes Largest Chinese Company US IPO Since Alibaba” (Reuters)“ZTO’s IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalise on its growth prospects to lure Western investors, while also avoiding the red tape associated with launching IPOs in mainland China.” “Alibaba’s New Payment System Lets Virtual Reality Shoppers Pay by …

Amazon to Hire 120,000 Temporary Workers for Holiday Season

NEW YORK, United States — Amazon.com Inc said on Thursday it would hire more than 120,000 seasonal employees across its fulfilment centres, sortation centres and customer service sites in the United States in the upcoming holiday season. More than 14,000 seasonal positions were transitioned to regular, full-time roles after the holidays last year, and the company expects to increase that number this year, Amazon said. …

Alibaba's $60 Billion Finance arm Seeks Growth Before IPO Say Sources

SHANGHAI, China — Investors gearing up for the initial public offering of Ant Financial, the $60 billion (£54.26 billion) online finance arm spun off by e-commerce giant Alibaba, will have to wait until at least late 2017 as the business puts growth first, sources say. Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, China’s largest online payments service, is …

In Japan, Tapping the World’s Best Vintage

TOKYO, Japan — These days, vintage fashion is more popular than ever, driven by a growing consumer interest in unique products that signal individuality, as well as rising cost-consciousness and the storytelling value of vintage finds. Indeed, according to the annual resale report published by online consignment website ThredUp, the fashion resale market has grown 82 percent over the last three years, reaching $14 billion, and …

Shoppers are preparing to boycott Instacart over elimination of tips

Online grocery service Instacart is facing a boycott from shoppers who are unhappy about the company’s decision to eliminate tips in favor of raising guaranteed delivery rates. Although Instacart positioned the move as a way to smooth out the earnings curve for its shoppers, some of those affected by the change say it will instead reduce their incomes dramatically. In the case of top shoppers, …

Wal-Mart in Talks to Invest Up to $1 Billion in India’s Flipkart

NEW YORK, United States —  Wal-Mart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc. in e-commerce, according to a person familiar with the matter. Wal-Mart, the world’s largest retailer, would take a minority stake in Flipkart, the person said, asking not to be identified because the matter is …

Dominic Jones Resurfaces at Astley Clarke

LONDON, United Kingdom — Astley Clarke has appointed cult jewellery designer Dominic Jones as its new creative director, as part of a plan to significantly develop its monobrand business. The company, which transitioned from a luxury online marketplace to a monobrand around 18 months ago, says Jones’ appointment represents a pivotal step in opening its offering to a new set of consumers. “We want evolution and …

Microsoft brings new AI-powered features to Office 365 and Dynamics 365

Microsoft’s Ignite conference is bringing 23,000 IT professionals to Atlanta, Georgia this week and the company is using this opportunity to talk about how it plans to bring more intelligence to its tools and platforms. As companies gather more and more data, Microsoft argues, it’s becoming imperative that the tools these companies use also become smarter. This means bringing better analytics to the workplace to help individual …