e-commerce

Etsy CEO Josh Silverman told CNBC he hopes the online marketplace can outpace the growth of e-commerce overall, adding to its strong pandemic performance.

The e-commerce company crushed Wall Street’s estimates for the fourth quarter and provided upbeat guidance for the current quarter.

The retailer is reducing its headcount, testing smaller stores and evaluating the size of its store footprint across the country.

Sales growth slowed, and the retailer expects the pace will weaken even further as people shift spending away from their homes.

The retailer and its competitors saw heavy demand during the global health crisis, creating less need to sell items at a discount.

Wayfair gained more customers during the fourth quarter, but they bought smaller, less-expensive items, dragging down average order values.

Victoria’s Secret parent L Brands reported fourth-quarter earnings that topped analysts’ estimates, but sales fell short due to weakness at its lingerie brand.

Lowe’s said fourth-quarter same-store sales climbed 28.1%, as consumers spent money on home projects during the pandemic.

Retail sales are expected to grow in 2021 between 6.5% and 8.2%, amounting to more than $4.33 trillion, the National Retail Federation said Wednesday.

The Longview, Texas, warehouse will be able to process 1 million packages per day as Gap tries to double its online business over the next two years.

The appointments represent the first independent members and first woman to join the board of the nearly decade-old company, recently valued at $17.7 billion.

The home improvement retailer said it does not know how long the pandemic will last and what that will mean for consumer spending.

Blackburn, who was on leave for a year-long sabbatical, was one of Bezos’ top lieutenants during his 22-year tenure at Amazon.

Macy’s reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off.

Silicon chips are the lifeblood of the tech-obsessed world we live in, but today they’re in short supply. 

E-commerce claimed 14% of total retail sales in 2020, up from 11% in 2019.

Walmart said its minimum starting wage for workers will remain at $11 an hour. Rivals Amazon and Target have made their starting pay $15 an hour.

The big-box retailer’s fourth-quarter earnings missed Wall Street’s expectations as it tries to turn pandemic gains into sustained momentum.

Walmart CEO Doug McMillon said more customers spent their recent stimulus checks on necessities, such as groceries.

The retail giant wants to build an ecosystem of services, from offering financial products to delivering groceries to customers’ fridges.