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Etsy Q1 Earnings Highlights: Revenue Beat, GMS Down, YoY Active Buyers Grow For First Quarter Since 2021 And More
Wednesday, May 3, 2023 - 4:57pm | 574E-commerce operator Etsy Inc (NASDAQ: ETSY) reported first-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Etsy reported first-quarter revenue of $640.88 million, up 10.6% year-over-year. The revenue total beat a Street consensus estimate of $...
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How Amazon's New NYC Office Space Differs From Scrapped HQ2 Plan
Monday, December 9, 2019 - 11:21am | 387Amazon.com Inc. (NASDAQ: AMZN) is undertaking largest expansion in New York City since deciding not to put a second headquarters in the city. The move means New York will get an influx of Amazon corporate jobs without the concessions Amazon had sought for its second headquarters, which it initially...
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Black Friday 2019 Winners And Losers: Amazon, Macy's, Shopify And More
Monday, December 2, 2019 - 3:38pm | 741Online retailers were winners on a good news-bad news Black Friday that saw overall sales up nearly 20% over last year, but sales that came in under some expectations due to a drop-off in traditional brick and mortar shopping. U.S. shoppers spent more than $7 billion on Friday, thanks largely to...
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Kohl's CEO: While Competitors Are Closing Stores, We Are Investing In Ours
Saturday, July 22, 2017 - 4:55pm | 469Kohl's Corporation (NYSE: KSS) has a reputation as being grouped within the troubled "mall store" category but in fact around 95 percent of stores are not located inside traditional malls, the company's own CEO Kevin Mansell said in a CNBC interview on Tuesday. The retailer...
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Snow Storms Don't Boost Online Sales
Friday, March 17, 2017 - 1:25pm | 361When would-be shoppers can't make it out to the mall because of a snowstorm, they simply turn to their computer and smartphones to shop online, right? According to a CNBC report, e-commerce and online retailers can't blame future poor earnings results to the massive snowstorm that crippled...
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Macy's Biggest Foe Isn't Amazon... It's Other Brick & Mortar Retailers
Wednesday, March 8, 2017 - 3:09pm | 356Retail investors who think Amazon.com, Inc. (NASDAQ: AMZN) is Macy's Inc (NYSE: M)'s biggest threat are plain wrong, at least according to the fashion retailer's own chief financial officer. According to CNBC, Macy's CFO Karen Hoguet said on Wednesday at the UBS Consumer & Retail Conference...
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Expected 4% Retail Sales Gain This Holiday Season Is Bad News For Large Retailers
Wednesday, September 21, 2016 - 8:38am | 380Retail sales are expected to grow around 4 percent this holiday season, but investors are cautioned against assuming this is a bullish sign for large retailers. This figure would mark an acceleration from last year's holiday sales, which rose 3.6 percent from the year before. Bloomberg, citing a...
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3 Companies That Should Benefit From Amazon's E-Commerce Disputes
Tuesday, August 12, 2014 - 8:21am | 858Amazon (NASDAQ: AMZN) is playing hardball with The Mouse. The online retail giant is not allowing its consumers to accept pre-orders of several Walt Disney (NYSE: DIS) movies, including Maleficent and Captain America: The Winter Soldier. As the Wall Street Journal notes, Amazon has used this...
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Cyber Monday is the New Black Friday
Friday, November 15, 2013 - 12:21pm | 484With the holiday season fast approaching, many consumers are looking towards Black Friday on November 29 and Cyber Monday on December 1 to snag the best deals. While Black Friday has generally been considered the biggest shopping day of the year in the United States, the sales have been...
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Johnson & Johnson, Amazon at Odds Over 3rd Party Sales
Monday, November 11, 2013 - 3:20pm | 528Johnson & Johnson (NYSE: JNJ) and Amazon (NASDAQ: AMZN) are locking horns over third party sales by independent retailers – in particular those reportedly selling defective or expired Johnson and Johnson products on the Amazon site. According to The Wall Street Journal, these third-party...
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Headwind for Amazon.com
Wednesday, January 5, 2011 - 4:56am | 5812010 was a good year for many online retailers. Being the biggest of them, Amazon.com (NASDAQ: AMZN) saw its stock advanced almost 40% from $130/share to $180/share last year. Aside from its online retailing operations, Amazon.com pioneered many of the cloud hosting solutions we see today. It was...