This Week in Retail – Episode 35

TWIR

Good news for eBay Inc. Many were nervous to see their third quarter earnings, as they were their first quarter earnings since separating from the popular PayPal service. Luckily, the company reported earnings of $539 million. These results beat estimates, and shares actually jumped 7 percent in aftermarket trading. Their $2.1 billion revenue for the period met Wall Street forecasts as well. Amazon wants to put an end to fake reviews. The retail giant filed a lawsuit in Washington state…

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This Week in Retail – Episode 34

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China’s largest e-retailer, JD.com, announced this week that it was opening its first of its US offices in silicon valley. The office will focus on developing new technology in areas like cloud services, mobile apps, and business intelligence. The reason for its opening in silicon valley makes sense. The area of the country is a huge talent farm for developers of cloud software. The company also hopes that the US office will attract more American brands to sell online in…

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This Week in Retail – Episode 33

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After a series of unfortunate events and controversial ad campaigns, American Apparel has filed for chapter 11 bankruptcy. The company has struggled with profits over the past couple of years, and is reportedly $300 million in debt. The company posted a 17% drop in sales from Q2 last year, and hasn’t been profitable since 2009. Not to mention several legal battles against them and plenty of bad PR involving inappropriate advertisements and alleged sexual harassment. In other surprising news from…

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This Week in Retail – Episode 32

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Amazon is taking its Dash Buttons a step further with an announcement this week. The retail giant is pairing up with companies like General Electric and Samsung to include its button’s technology in items such as washing machines and printers. The replenishment service will use sensors built into devices to automatically re-order placement products. This will completely remove any human involvement and streamline the entire ordering process unlike ever before. A little more than a year after Twitter started testing…

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This Week in Retail – Episode 31

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Some of the biggest names in retail had big news this past week. Big box retailers like Walmart and Target will be adding 130,000 seasonal job in anticipation for the holiday rush online. Target is planning to hire 70,000 seasonal employees. This is good news, especially since the company will be relying on stores to fulfill online orders during the second half of the year. Walmart will be adding 60,000 seasonal employees to their current workforce. Amazon had a big week,…

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