News 

Brazil mall executives shrug off looming Amazon.com expansion

“While shares of the biggest mall operators have taken a hit, some Brazilian investors are still betting on malls” writes Midwest Communications Inc for 95kqds.com. E-commerce giants Amazon.com Inc and Argentina’s Mercadolibre Inc have set major expansions here, spooking some foreign investors and sending shares in Brazil’s three largest mall operators down more than 19 percent so far this year. Source: 95kqds.com Share This:

Read More
News Stocks 

Nordstrom shares climb as e-commerce sales boost quarterly results

“On Thursday, Nordstrom reported its best quarterly same-store sales growth in three years, boosted by strong online sales of 23 percent” writes Midwest Communications Inc for 95kqds.com. At least 6 brokerages raised their price targets on the Nordstrom stock after the company posted strong quarterly results across the board.(Reuters) – Nordstrom Inc’s shares surged over 9 percent on Friday, a day after its quarterly same-store sales numbers trounced Wall Street estimates, leaving analysts impressed with the upscale retailer’s online channels and its clear inventories.The company’s shares, trading at $57.20 in…

Read More
News Stocks 

Walmart shares soar as earnings top expectations, boosted by 40% US e-commerce sales growth

“Walmart on Thursday reported quarterly earnings and sales that topped analysts’ expectations, as more shoppers flocked to its stores and spent more per trip, and e-commerce sales ticked higher than previous quarters” writes Lauren Thomas for cnbc.com. Walmart shares jumped more than 10 percent in early trading on the news, on pace for the most gains since Nov. 16, 2017, when the stock climbed 10.9 percent.Building on the momentum and anticipated retail sales growth in the U.S., Walmart raised its sales and earnings outlook for the full year, excluding any…

Read More
News 

Walmart’s U.S. e-commerce, comparable sales growth strong, shares jump

“NEW YORK (Reuters) – Walmart Inc on Thursday posted a 40 percent rise in U.S. e-commerce sales, higher than the 33 percent growth witnessed in the previous quarter, and its comparable sales grew the most in a decade, sending its shares up 9 percent in premarket trade” writes Midwest Communications Inc for 95kqds.com. Walmart’s shares were up 9.88 percent at $99.14 in premarket trade. Source: 95kqds.com Share This:

Read More
Markets News 

The world’s biggest tech companies are at serious risk of losing a $32 billion market

“India’s ecommerce market will be worth $32 billion in 2018, according to statistics from eMarketer” writes Shona Ghosh for businessinsider.com. In India, major ecommerce firm Flipkart was acquired by Walmart for $16 billion.Adobe stats peg US ecommerce growth this year at around 18% year on year so far.China, another potential source of major growth, has created safeguards for its homegrown firms.Amazon CEO Jeff Bezos said in 2016 that the company would funnel $5 billion into its Indian ecommerce operation. Source: businessinsider.com Share This:

Read More
News 

Walmart earnings: E-commerce investments could offset earnings growth

“Stock price: Walmart shares are down 9.1% for the year to date, but up 7.6% for the past three months” writes Tonya Garcia for marketwatch.com. Walmart Inc. is scheduled to announce fiscal second-quarter 2019 earnings before the bell on Thursday, and Credit Suisse analysts are concerned about earnings growth despite gains in various parts of the business.TGT, -0.79% shares. • KeyBanc Capital Markets data indicates that Walmart will be able to achieve the 40% e-commerce growth goal it set out for 2018.MKM rates Walmart shares neutral with a fair value…

Read More
News 

Indian regulator clears Walmart’s $16 billion acquisition of Flipkart

“NEW DELHI (Reuters) – India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc Betonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion, the biggest deal in India’s ecommerce sector, which Morgan Stanley has estimated will grow close to an annual $200 billion in a decade” writes Midwest Communications Inc for 95kqds.com. An Indian body of Traders Confederation of All India Traders had opposed…

Read More
News 

Deutsche Post profit down, partly on parcel unit

“Deutsche Post attributed the lower profit to issues at its post, eCommerce and parcel division, citing higher transport and staff costs” writes Nathan Allen for marketwatch.com. Deutsche Post AG (DPW.XE) said Tuesday that its second-quarter net profit declined on year as problems at its post, eCommerce and parcel division weighed down earnings.Analysts had predicted EBIT of EUR760 million on revenue of EUR14.92 billion, according to a FactSet-compiled consensus.In June the company issued a profit warning and presented a series of measures intended to raise productivity and reduce costs at the…

Read More
Markets News 

THE GLOBAL E-COMMERCE LANDSCAPE: How emerging markets will transform the future of online shopping

“Emerging markets are going to be essential for e-commerce growth, as retailers in developed markets may soon reach saturation in terms of consumer growth” writes Stephanie Pandolph for businessinsider.com. This report compiles several e-commerce snapshots, which together highlight the most notable emerging markets in various regions.E-commerce penetration rates in these areas hover between 2-6%, presenting a huge opportunity for future growth as online sales gain traction. Source: businessinsider.com Share This:

Read More
News 

Chinese regulators to investigate Pinduoduo over media reports of counterfeit goods and intellectual property infringements on the online group buying platform

“On Tuesday, Beijing News cited Pinduoduo as saying it was being attacked and that it was unfair to blame the firm for counterfeits” writes Min Read for reuters.com. BEIJING (Reuters) – Chinese regulators are investigating Pinduoduo Inc after media reports of third-party vendors selling counterfeit goods on its group-discounting marketplace, a move analysts said is likely to further batter the firm’s newly listed shares.Pinduoduo, in a statement on online news portal Netease, said it was working hard to crack down on counterfeits.The State Administration for Market Regulation said on its…

Read More