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The Latest Breaking News from e-commerce

Kornit Digital Shares Plunge On Q2 Preliminary Results

Kornit Digital Ltd (NASDAQ:KRNT) reported preliminary results for the Q2 that ended June 30, 2022. It expects revenues of $56.4 million to $59.4 million (versus a consensus of $91.41 million), net of a non-cash warrant impact of ~$4.6 million. KRNT sees a Non-GAAP operating margin of -34% and -28% and Adjusted EBITDA margin…

Benzinga

How Has Amazon Performed This Past Year With New CEO Andy Jassy At The Helm?

When Andy Jassy took over as Amazon.com Inc. (NASDAQ: AMZN) CEO on July 5, 2021, many speculated if he would be able to run the e-commerce giant as effectively as his predecessor, founder Jeff Bezos.

Benzinga

What's Going On With PayPal Shares Today?

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading higher by 4.01% to $74.26 during Tuesday's trading session. Shares of e-commerce and e-commerce-related companies at large are trading higher Tuesday amid volatility in stocks as traders assess the possibility of a recession.

Benzinga

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Lululemon Athletica Enters New Market In Europe: Check Out Where

Lululemon Athletica Inc (NASDAQ:LULU) is planning to launch in Spain by opening stores in Madrid and Barcelona. It will also launch a local e-commerce site in Spain. The company enters Spain as the first new market in Europe since 2019. In September, lululemon will open its retail locations in Calle Serrano and Paseo de…

Benzinga

DHL to add new depots and create over 4,000 jobs in UK expansion

German logistics firm will invest £482m across its UK e-commerce operation amid online shopping boom

The Guardian - UK

Rudy Giuliani has a new gig as the pitchman of discounted samples on the MyPillow.com e-commerce site, and the former New York City mayor’s brand of salesmanship has elicited a flood of astonishment on Twitter Inc (NYSE: TWTR).

Benzinga

Ex-Alibaba employee says ex-boss should be charged with rape

A former employee of Chinese e-commerce giant Alibaba has accused her then-manager of trying to rape her on a business trip last year as she pushes police to review a case that has cast a rare spotlight on workplace harassment in the Asian nation

The Independent UK

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What's Going On With Amazon Shares Falling Today?

Amazon.com, Inc. (NASDAQ: AMZN) shares are trading lower by 2.16% to $106.57 Thursday afternoon. Shares of e-commerce, retail and consumer discretionary companies are trading lower during Thursday’s trading session after data showed a slowdown in U.S. consumer spending in May.

Benzinga

Greif Inc. Vs. Packaging Corporation of America: Which Packaging Stock is a Better Buy?

The growing e-commerce industry and reviving international trade have driven the demand for sustainable packaging solutions. Despite the persistent supply chain disruptions, technological advancement and rising demand should benefit packaging stocks Greif (GEF) and Packaging Corporation of America (PKG). But which of these stocks is a better buy now? Read…

StockNews.com

Amazon's Latest Move Reflects Appetite For Expensive Sports Broadcast To Boost Prime Revenue

Amazon.com Inc (NASDAQ:AMZN) neared a deal to broadcast Europe's top football tournament in the U.K. for the first time, Bloomberg reports. Broadcasters, including BT Sport are looking to forge a media rights deal with UEFA, the governing body for professional football in Europe. The broadcasters will share coverage of UEFA's flagship Champions…

Benzinga

Why China's JD Is Giving Rival Tech Giant Tencent An Additional $220M Stake

Chinese e-commerce giant JD.Com Inc (NASDAQ: JD) on Wednesday said that it renewed its strategic cooperation agreement with the tech and gaming giant Tencent Holdings (OTC: TCEHY) for a period of three years.

Benzinga

H-E-B edges out Amazon as the top US e-commerce grocer, survey said

H-E-B has taken the lead in a consumer preference index as the top e-commerce grocer ahead of second- and third-place finishers Amazon and Amazon Fresh.

Tribune News Service

COVID can't break South Africa's love affair with shopping malls

With two days to go until opening to the public, workers rush to put the finishing touches on the Kwena Square shopping complex, a shiny $13 million sign that South Africans are defying the global "retail apocalypse".

Reuters

Alibaba Lays Off 50 Employees As It Shuts Israel R&D Center: Report

Chinese e-commerce giant Alibaba Group Holdings (NYSE: BABA) is shutting down its R&D center in Israel, the company notified its employees on Sunday.

Benzinga

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Bangkok Post

JD, Central rift could herald end of tie-up

A difference in culture and working styles is causing a rift between Central Group and Chinese internet giant JD.com regarding their e-marketplace joint venture JD Central, according to a source familiar with the two companies.

The Hindu

‘Har Ghar Tiranga’ drive | Centre asks firms to arrange Tricolour

Government to start ‘Har Ghar Tiranga’ drive

StockNews.com

Struggling Roku Teams Up With Walmart – Buy Or Sell

Streaming platform Roku (ROKU) recently announced its venture into the e-commerce space with its partnership with retail giant Walmart (WMT). The stock jumped on the news. However, the stock is down more than 57% this year. So, is ROKU a Buy or Sell now? Read on to find out.

Benzinga

Kroger Plans Dairy Production Expansion - Read More For Details

Kroger Co (NYSE:KR) plans to execute a 35,000 square-foot expansion at Tamarack Farms Dairy to support the implementation of an aseptic milk line. Tamarack Farms Dairy serves about 160 stores in Ohio and West Virginia and provides products for Kroger's e-commerce channel. The facility will be able to manufacture products such as half…

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Asharq Al-Awsat

Morocco: 6.3 Mln E-Commerce Transactions in Q1 2022

E-commerce websites and billers' websites affiliated to the Interbank Electronic Banking Center (CMI) have carried out 6.3 million online payment transactions via Moroccan and foreign bank cards, for a total amount of 2.3 billion dirhams ($230 million) during the first quarter of 2022. The e-commerce activity is up 34.4 percent…

Bangkok Post

Medical services set to see strong growth

The fields of medical services, beauty and e-commerce are tipped to see the brightest prospects in the second half of the year, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).

The Hindu

Open network for digital commerce

What is ONDC and how will it change e-commerce platforms? How will the ONDC network aid online applications?

Benzinga

Read How LightInTheBox Fared In Q1

LightInThe Box Holding (NYSE:LITB) reported a first-quarter FY22 sales decline of 16.3% year-on-year to $93.8 million. Apparel sales increased 13.7% Y/Y to $67.2 million, representing 71.7% of total revenue. The gross margin for the quarter expanded 410 basis points to 50.7%. Loss from operations was $(6.4) million compared to an operating income of…

Benzinga

Is Koolearn's Stock Surge on Boom in Livestreaming Business Just a Blip?

Key Takeaways: The company’s unique bilingual sales pitches by its anchors have drawn millions to the platform, which topped livestream e-commerce rankings for days

Benzinga

Here's How Alibaba Is Reaping Benefits Of Overseas Infra Investments As Domestic Crackdowns Continue To Pinch

Alibaba Group Holding Limited (NYSE: BABA), through its Pakistan e-commerce subsidiary Daraz, expanded its reach across Bangladesh, Sri Lanka, Nepal, and Myanmar, becoming South Asia's largest e-commerce company outside India,

Benzinga

JX Luxventure Adopts $5M Stock Buyback Program; Inks $30M Sales Agreement

JX Luxventure Ltd (NASDAQ:LLL) Board of Directors has authorized a share repurchase program of up to $5 million shares. The funds for the repurchases under the program will be personally provided by the CEO, Sun Lei. The Board thinks the share buyback program will restore shareholder confidence in the company as the current…

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