online sales

Black Friday online sales reached an unprecedented $10.8 billion, surpassing in-store purchases as brick-and-mortar stores witnessed a significant decline in customers. What Happened: Shoppers in the U.S. opted for online shopping, spending an astounding $11.3 million every minute between 10 a.m. ...

Canadian cannabis retailer High Tide Inc. (TSXV:HITI) (OTCQB: HITIF) is poised to launch online cannabis sales in the U.S. The Calgary-based company purchased Smoke Cartel Inc. (OTCQB:SMKC), an e-commerce platform for consumption accessories, for $8 million. The sum includes $2 million in...

Some of the largest physical retailers experienced year-over-year foot traffic losses during this year's Amazon.com, Inc. (NASDAQ: AMZN) Prime Day sales event that took place on Oct. 13 and 14, according to the latest report from location data analytics company Placer.ai. Foot Traffic Declines...

Retail behemoth Walmart Inc (NYSE: WMT) reported Tuesday morning with such a strong second-quarter earnings beat that it even shocked a former top Bentonville executive. Walmart Q2 Recap: Walmart said it earned $1.56 per share in the second quarter on revenue of $137.74 billion versus expectations...

Retail sales tumbled by the largest amount in over nine years in December 2018, providing a disappointing end to what was otherwise a strong year for the retail sector. The 2018 holiday season ended up well below expectations, and introduces some fresh concerns about the strength of the economy...

Good day,  An e-commerce law came into effect in China on January 1 - a regulation that would increase scrutiny into the goods being sold through e-commerce platforms in the country. The law, which was passed in August last year, was implemented to tackle proliferative counterfeit merchandise...

Etsy Inc (NASDAQ: ETSY)'s fourth-quarter earnings report Tuesday showed 17.8-percent growth in GMS, 23.6-percent growth in revenue and 15.6-percent growth in Marketplace revenue. The strong momentum shows that "the world needs Etsy more than ever," the company's CEO said...

Investors looking for further justification that Amazon.com, Inc. (NASDAQ: AMZN) is hurting traditional retail will find the latest statistic very interesting. According to data compiled by Recode, Amazon commanded the No. 1 spot in total market share of online apparel sales among millenials....

Marc Lore is the brains behind Jet.com, the retail e-commerce that Wal-Mart Stores, Inc. (NYSE: WMT) acquired on Monday for $3.3 billion. The Wall Street Journal profiled Lore on Monday following the acquisition announcement and quickly pointed out his plans to battle Amazon.com, Inc. (NASDAQ:...

Jan Kniffen of J. Rogers Kniffen Worldwide was a guest on CNBC's "Squawk Box" segment to discuss the fate of department stores and where the competitive pressures are really coming from. Kniffen started off by pointing out that Amazon.com, Inc. (NASDAQ: AMZN)'s business has seen a 27 percent growth...

Home Depot (NYSE: HD) Chairman and CEO Frank Blake was on CNBC early Wednesday, and had some interesting comments regarding recent earnings, Mother Nature and the economy in general. As many companies have recently done, Home Depot is pointing to the recent harsh winter weather for its...

Johnson & 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...