Amazon, Walmart chatbots attract senator ire over ‘made in USA’ label snags
Two US senators have called on the Federal Trade Commission to investigate Amazon and Walmart, claiming that their AI shopping chatbots may suppress “made in the USA” products and fail to flag...
View ArticleAmazon sued by FTC, 22 US states over ad sales practices
Amazon illegally raised prices for advertisers by surreptitiously raising the minimum price required to place ads that promote their products, the US Federal Trade Commission alleged in a lawsuit...
View Article‘Fast-fashion fines’ loom for Shein, Temu as France says ‘Non!’
France started imposing penalties on the extreme end of fast fashion on Tuesday to try to curb a surge in sales of cheap clothing sold by e-commerce sites including Shein and Temu. The penalties –...
View ArticleAlo launches on China’s Tmall, eyeing Asian growth
Alo, the Los Angeles-founded fashion and lifestyle brand, is entering China by partnering with Tmall as the exclusive e-commerce platform. The move underscores Tmall as the preferred gateway for...
View ArticleThe RealReal raises outlook after strong second quarter
The RealReal has raised its full-year outlook after reporting higher second-quarter revenue, as the luxury resale marketplace continued to benefit from stronger buy and sell engagement. “We’re...
View ArticleEtsy culls workforce – but AI is not to blame
Crafting marketplace Etsy Inc is laying off approximately 220 employees, or 12 per cent of its workforce, as part of a restructuring plan it hopes will “improve coordination and speed of...
View ArticleHigh-value categories drive solid growth at Ebay
Ebay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers...
View ArticleAmazon sued by consumers over seafood sustainability greenwashing
Amazon was sued on Friday by consumers who accused the retailer of misrepresenting the environmental benefits of seafood sold on its platform, a practice known as greenwashing. In a proposed class...
View ArticleAmazon boosts investment after strong cloud sales, fuelling shares leap
Amazon delivered its strongest cloud growth in more than four years and raised its annual capital spending forecast, bolstering its argument that heavy investment in AI is generating sufficient demand...
View ArticleGameStop owns nearly 10 per cent of Ebay
Videogame retailer GameStop owns nearly 10 per cent of e-commerce company Ebay, the company said in a regulatory filing late on Friday, signaling its intent to push ahead with plans to buy Ebay even...
View ArticleInside the US–South Korea clash over Coupang
South Korea’s decision to fine ecommerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country’s openness to American tech, prompting worries that...
View ArticleAlibaba to pay $600 million to resolve US drug sales probe
Chinese technology and e-commerce giant Alibaba and its US-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the US...
View ArticleIt’s not over yet: GameStop plans to fight on for control of Ebay
GameStop pledged on Friday to pursue its proposed takeover of Ebay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer. The...
View ArticleFederal Government sued over claims Alibaba is linked to China’s military
Alibaba, the Chinese technology and e-commerce giant, sued the US government on Tuesday over being placed on a list of businesses from China that the Department of Defense linked to that country’s...
View ArticleWhy Prime Day is reflecting a more cautious consumer
Amazon Prime Day, starting on Tuesday, will be a litmus test of US shoppers’ spending power, with the earlier-than-usual sales event increasingly centered on perishable groceries, household basics and...
View ArticleWalmart takes online platform cross border, starting in Mexico
Walmart is expanding its e-commerce platform into Mexico, giving shoppers access to its product assortment, from apparel to electronics, through Walmart.com. Manish Joneja, SVP for Walmart...
View ArticleHow can GameStop force Ebay into a deal?
GameStop CEO Ryan Cohen shared few details when he said he would do “whatever we need to do” to buy Ebay after the ecommerce company rejected his $56 billion unsolicited takeover bid as “neither...
View ArticleWhat’s driving Ryan Cohen’s Ebay takeover push?
GameStop CEO Ryan Cohen told Ebay’s board on Wednesday that they should not reject his $56 billion takeover proposal and that the e-commerce company’s shareholders deserve a chance to evaluate it....
View ArticleAmazon to stock Ozempic at kiosks, offer same-day delivery
Amazon said on Thursday its pharmacy will stock Novo Nordisk’s Ozempic pill to treat type 2 diabetes at its kiosks and offer same-day delivery of the drug. Novo’s Ozempic uses the active ingredient...
View ArticleHow low-tech Etsy out-innovated its rivals by embracing personalization
After years of struggling following a “mask mania” pandemic boom, Etsy surprised investors last week by announcing revenue well above Wall Street expectations. Despite being best known for selling...
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