Black Friday Online Sales Reach Record $7.4B
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
EBay CFO Schenkel Steps in After CEO Resigns
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
Shopify Buys 6 River to Boost Robotics Business
The e-commerce platform believes 6 River's Chuck robots will increase the speed and reliability of its AI-powered fulfillment network.
Lego Posts 6% Sales Gain, Plans More Stores
The toy maker is investing in its retail and digital businesses to "create a strong foundation from which to grow in the long term."
Etsy Buying Musical Instrument Marketplace Reverb
The online marketplace is paying $275 million in cash for the music seller, which will continue as a standalone company.
Alibaba Boosts Stake in Chinese Bank to 4.8%
The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.
Amazon Looms Over Albertsons-Rite Aid Deal
The grocery store operator and the drugstore chain are combining to create a retailer with 4,350 pharmacy counters and $83 billion in annual revenue.
Barnes & Noble Same-Store Sales Slide 4.4%
The bookseller's Q1 loss narrowed to $10.8 million but it continues to struggle amid Amazon's dominance of the book industry.
Target’s Comp Sales Rise 1.3%, Beat Estimates
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
Dick’s Sporting Goods Stock Dives on Q2 Results
The company was expected to benefit from rivals' bankruptcies but same-store sales rose only 0.1%, well below analysts' estimates.
Walmart’s Online Sales Increase 29% in Q4
Comp sales were up at all Walmart's retail formats though analysts are wondering when sales growth will translate into earnings growth.