EBay Shares Jump on Report of $30B ICE Offer
Analysts questioned the rationale for a deal, noting that ICE focuses on financial transactions while eBay is consumer-oriented.
E-Commerce Posts 18.8% Holiday Season Gain
Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."
PayPal Sweetens Offerings With $4B Honey Buy
The browser plugin that hunts for online shopping bargains is "amongst the most transformative acquisitions in PayPal’s history."
Costco Shares Drop on 4th Quarter Sales Miss
The stock had risen 42% this year as the warehouse retailer benefited from strong consumer spending.
Blackstone to Buy Colony Warehouses for $5.9B
The private-equity giant has been building its "last-mile" logistics business amid a surge in e-commerce demand.
Overstock Names New CEO, Acting Finance Chief
Jonathan Johnson had been serving as interim CEO since the abrupt departure of controversial founder Patrick Byrne last month.
eBay Matches Amazon With Logistics Option
A new eBay service will enable merchants to store inventory in strategically located warehouses, resulting in faster delivery times.
PetMed Earnings Dip as Online Competition Bites
The pet pharmacy "has yet to figure out an effective strategy at combating newcomers" like PetSmart's Chewy.com.
Alibaba Seeks Share of U.S. B2B E-Commerce
Alibaba's move to open its platform to U.S. sellers puts it "in direct competition with Amazon in the business-to-business online marketplace."
Amazon to Spend $700 Million to Upskill Employees
The retail and tech giant will expand its training programs to help employees move into more advanced roles.