Flipkart Gets $3.6B to Invest in Indian E-Commerce
The largest-ever funding round for an Indian startup "reflects the promise of digital commerce in India."
Visa Beats Estimates on Online Shopping Surge
“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
Poshmark Pops in Latest Big Market Debut
The online fashion reseller has benefited from a flood of demand as locked-down shoppers turn to e-commerce amid the coronavirus pandemic.
EU Charges Amazon With Antitrust Violations
Regulators say Amazon illegally uses nonpublic data that it collects from sellers on its retail platform to boost sales of its own-label products.
PayPal Posts Record Sales on E-Commerce Boom
“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
Costco Posts 11.4% Same-Store Sales Increase
The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
Michaels’ Sales Jump 11% on E-Commerce Push
The crafts retailer has enhanced and expanded omnichannel capabilities including curbside pick-up, same-day delivery, ship from store, and in-app purchases.
Gap Blunts Covid Impact With E-Commerce Surge
"We nearly doubled our e-commerce business, with approximately 50% online penetration, demonstrating our ability to pivot to a digitally-led culture."
Shopify Rival BigCommerce Surges 292% On Debut After $216M IPO
Trading had to be halted due to volatility within three minutes of opening.
Visa Profit Drops 23% as Card Spending Slows
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
Nike to Cut Jobs As Part of Digital Sales Push
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."