E-commerce
At 23, he quit his accounting job to start an eBay business—today, his company brings in $167 million a year
Gurmer Chopra, 32, is the co-founder of clothing brand YoungLA. Courtesy of Right after graduating from university in 2015, Gurmer Chopra, 32, landed his first corporate role at a “Big Four” accounting firm. But after less than a year on the job, he decided to quit. “Four months into it, I [was] like: ‘I freaking […]
Read More
Amazon reports first-quarter earnings after the bell
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, Feb. 26, 2025. Brendan McDermid | Reuters Amazon is slated to announce its first-quarter earnings after the market close Thursday. Here’s what analysts are looking for: Earnings per share: $1.36 expected, according to LSEG Revenue: $155.04 billion expected, according to […]
Read More
Dropshippers reel from Trump’s tariff gut punch: ‘Profit margins have now been slashed’
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between […]
Read More
Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to “correct its course.” The message was as a rallying cry by one of China’s most prominent […]
Read More
Walmart’s worst week since 2022: Retailer’s former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong
Fast Money Walmart’s worst week since 2022: Retailer’s former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong Published Sat, Feb 22 20259:00 AM EST Stephanie Landsman@stephlandsman WATCH LIVE Source
Read More
Temu, Shein targeted as EU cracks down on unsafe e-commerce imports
Chinese online marketplace Temu and fast-fashion retailer Shein will be liable for the sale of unsafe and dangerous products on their platforms, the European Commission said on Wednesday, as part of a crackdown against a flood of cheap e-commerce imports into the European Union. The EU executive also said it would coordinate a joint investigation […]
Read More
Apple fourth-quarter iPhone shipments in China drop 25% as Huawei closes in, Canalys data shows
Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China’s Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion. Sopa Images | Lightrocket | Getty Images Apple’s smartphone shipments in China plunged 25% in the fourth […]
Read More
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
The first Wayfair brick-and-mortar store in Wilmette, Illinois, prepares to open, May 2, 2024. Scott Olson | Getty Images Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the […]
Read More
Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that […]
Read More
This country may have the fastest-growing e-commerce sector ‘on the planet’
ETF Edge This country may have the fastest-growing e-commerce sector ‘on the planet’ Published Sat, Dec 21 202411:00 AM EST Krysta Escobar WATCH LIVE Source
Read More