Online sales Thanksgiving weekend on track to top $200 billion, Adobe says

People ride an elevator as shoppers appear early for Black Friday sales at the King of Prussia Mall in King of Prussia, Pennsylvania, November 26, 2021. Rachel Wisniewski | Reuters Online spending during the holiday season is on track to top $200 billion for the first time, but Thanksgiving sales were on the low end … Read more

Sticker shock could change retailers’ approach to sales

Shoppers look at Macy’s Black Friday specials in Maumee, Ohio, November 27, 2020. Stephen Zenner | SOPA photos | Light Rocket | Getty Images Keith Fitzgerald has gone to great lengths this holiday season to make sure he gets the perfect gift. Fitzgerald, a 40-year-old hairdresser, searched online and in stores for a special edition … Read more

Walmart kicks off Cyber Week with Jason Derulo event

The Walmart+ home screen is seen on a laptop computer in Brooklyn, New York on Wednesday, November 18, 2020. Gaby Jones | Bloomberg | Getty Images Walmart is adding another tool to its arsenal this holiday season to boost online sales: over 30 live events, including one with musician Jason Derulo that kicked off Cyber … Read more

Alibaba earnings fiscal Q2: Revenue misses, earnings plunge

Banners display for Alibaba Group Holdings Ltd. at corporate headquarters in Hangzhou, China, on Wednesday, November 10, 2021. A less important issue this year as the e-commerce giant seeks to shift focus away from increasing sales and more toward sustainability and philanthropy – key pillars of President Xi’s drive Jinping to reshape the Chinese economy. … Read more

China tech giant Alibaba earnings fiscal Q2 preview: What to expect

Headwinds from the Chinese economy and slowing retail sales growth may affect Alibaba’s fiscal second-quarter earnings when it releases figures on Thursday. Costphoto | Barcroft Media | Getty Images Headwinds from the Chinese economy and slowing retail sales growth may affect Alibaba’s fiscal second-quarter earnings when it releases figures on Thursday.. .

JD smashes its record with $48.7 billion in sales

Guangzhou, China – Chinese e-commerce giant JD.com had generated 311.4 billion yuan ($48.6 billion) in sales across its platforms as of 14:09 p.m. Beijing time during its Singles’ Day shopping event, breaking its record last year. The number issued by JD.com is referred to as the volume of transactions. It’s the amount of money traded … Read more

JD begins accepting e-CNY on Singles Day

Guangzhou, China – JD.com accepts Chinese digital yuan for payment on its e-commerce platform during Singles’ Day for the first time. While the Chinese digital currency, e-CNY, has yet to be officially launched nationwide, JD’s move to accept it during the world’s largest shopping event highlights the Chinese central bank’s push to experiment with it … Read more

China JD.com plans to boost investment overseas in challenge to Amazon

GUANGZHOU, China — JD.com plans to increase investment abroad, one of its top executives told CNBC, as the Chinese e-commerce giant looks to tap international users. The tech giant has been less aggressive than rival Alibaba in expanding its presence abroad. But international expansion from both Chinese companies could challenge Amazon’s dominance of e-commerce in … Read more

Chinese shopping event kicks off amid tech scrutiny

Alibaba said the total merchandise value (GMV) during the Singles’ Day event, which spanned 11 days, was 498.2 billion yuan, or $74.1 billion. That beat last year’s figure of 268.4 billion yuan. Ali Baba GUANGZHOU, China – The world’s largest shopping event, Singles’ Day, is taking place, but China’s e-commerce giants will have to deal … Read more

Activist hopes to split Macy’s digital biz but experts raise red flags

Macy’s Herald Square flagship store in Midtown Manhattan, New York. Nicholas Economo | Norfoto | Getty Images An activist investor is pressing Macy’s to separate its digital operations from its stores in a bid to unlock value in the 162-year-old chain of stores. And while it might be an attractive move in the short term, … Read more