Ecommerce retail news
Here are some recent ecommerce retail news stories:
1. Amazon's Q4 Earnings Beat Expectations
Amazon's fourth-quarter earnings report showed a significant increase in revenue and profit, beating analyst expectations. The company's revenue grew 21% year-over-year to $87.4 billion, while its net income rose 26% to $7.2 billion. (Source: CNBC)
2. Walmart Acquires Cornershop
Walmart has acquired Cornershop, a Chilean grocery delivery startup, for $225 million. The acquisition is part of Walmart's efforts to expand its e-commerce capabilities and compete with Amazon. (Source: Bloomberg)
3. Shopify Partners with Facebook
Shopify has partnered with Facebook to allow merchants to sell products directly on Facebook and Instagram. The partnership will enable businesses to create a seamless shopping experience across multiple platforms. (Source: The Verge)
4. Target Acquires Shipt
Target has acquired Shipt, a grocery delivery startup, for $550 million. The acquisition will enable Target to expand its same-day delivery capabilities and compete with Amazon. (Source: USA Today)
5. Alibaba's Singles' Day Sales Reach $38.4 Billion
Alibaba's annual Singles' Day shopping event, which took place on November 11, generated $38.4 billion in sales, surpassing last year's record of $30.8 billion. The event is one of the largest online shopping days in the world. (Source: Reuters)
6. eBay Acquires StubHub
eBay has acquired StubHub, a ticketing platform, for $4.05 billion. The acquisition will enable eBay to expand its presence in the live events and experiences market. (Source: The Wall Street Journal)
7. Google Launches Google Express
Google has launched Google Express, a same-day delivery service that allows users to order products from various retailers and have them delivered to their doorstep. The service is currently available in several cities across the United States. (Source: CNET)
8. Walmart's E-commerce Sales Grow 37%
Walmart's e-commerce sales grew 37% in the third quarter, driven by the company's efforts to improve its online shopping experience and expand its e-commerce capabilities. (Source: CNBC)
9. Amazon Launches Amazon Fresh in the UK
Amazon has launched Amazon Fresh, a same-day grocery delivery service, in the UK. The service is currently available in several cities across the country. (Source: The Telegraph)
10. Shopify's Revenue Grows 47%
Shopify's revenue grew 47% year-over-year to $505.2 million in the third quarter, driven by the company's growing e-commerce platform and increasing adoption of its services. (Source: The Globe and Mail)
These are just a few of the latest ecommerce retail news stories. If you'd like to stay up-to-date with the latest news and trends in the ecommerce industry, feel free to ask me for more information!