Amazon has another ‘Prime’ holiday: Profit tops $3 billion
NEW YORK (AP) — Amazon had another strong holiday season: Its quarterly profit topped $3 billion for the first time as revenue grew across many of its businesses, including online shopping, advertising and cloud computing.
The company, however, issued an estimate for the current quarter's revenue that was below what Wall Street analysts expected, sending its stock down about 5 percent in after-hours trading Thursday.
H&M profit drops as retailer adapts to more online shopping
STOCKHOLM (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB said Thursday its fourth-quarter profit dropped about 10 percent to 3.5 billion kronor ($390 million) as consumers continued to shift to online shopping.
The Stockholm-based group retailer said quarterly sales increased by 12 percent to 56.4 million kronor ($6.22 million), while full-year sales rose 5 percent to 210.4 billion kronor ($23.2 billion).
In run-up to Christmas, online sales continue to be strong
NEW YORK (AP) — In the run-up to Christmas, online shopping continues to be strong.
Online sales are up nearly 18 percent to $110.6 billion from Nov. 1 through Wednesday, compared to the year-ago period, says Adobe Analytics, which tracks online spending.
Senators call for help with online sales tax
CONCORD, N.H. (AP) — New Hampshire Sens. Jeanne Shaheen and Maggie Hassan are backing a bill that would prevent new red tape from being imposed on small businesses following a court decision on collecting sales taxes from online shopping.
Senators want small-business protections on sales tax
CONCORD, N.H. (AP) — Some U.S. senators, including New Hampshire's Jeanne Shaheen and Maggie Hassan, want Senate leadership to take action before the end of the year to protect small businesses from red tape following a court decision on collecting sales taxes from online shopping.
As online shopping surges, so too does Cyber Monday’s riches
NEW YORK (AP) — Like Black Friday, Cyber Monday is spreading out into a week-long shopping fest, with Amazon, Walmart and Target calling it "Cyber Week."
Still, Monday is expected to be the biggest online shopping day in U.S. history, according to Adobe Analytics, which tracks online sales at 80 of the top 100 retail sites.
Taxes may be a bigger part of online shopping this season
WASHINGTON (AP) — Shoppers heading online to purchase holiday gifts will find they're being charged sales tax at some websites where they weren't before. The reason: the Supreme Court.
A June ruling gave states the go-ahead to require more companies to collect sales tax on online purchases. Now, more than two dozen have moved to take advantage of the ruling, many ahead of the busy holiday shopping season.
Black Friday and Cyber Monday are increasingly merging
PROVIDENCE, R.I. (AP) — The physical rush of Black Friday and the armchair browsing of Cyber Monday are increasingly blending into one big holiday shopping event as more customers buy items online and pick them up at brick-and-mortar stores.
Adobe Analytics reported Saturday that more customers are going to stores to get items they bought online. That trend contributed to a record $6.22 billion spent online Friday, up nearly 24 percent from last year.
Dallas reveals details of proposal for Amazon headquarters
DALLAS (AP) — Dallas has revealed details of its bid to land Amazon's second headquarters after the online shopping giant chose New York and Arlington, Virginia, as the joint winners.
Dallas Regional Chamber officials and Dallas Mayor Mike Rawlings said at a Tuesday news conference that Amazon was given dozens of options in the region, then narrowed it down to the downtown Dallas area.
Pennsylvania shows it offered $4.6B to Amazon over 25 years
HARRISBURG, Pa. (AP) — Now that Pennsylvania has been unsuccessful in luring Amazon's second headquarters, Gov. Tom Wolf's administration revealed Tuesday that it made an offer valued at up to $4.6 billion over 25 years in taxpayer-paid incentives to the online shopping giant.
Wolf's office released copies of two letters it sent, one to Amazon's office of economic development and one to Amazon CEO Jeffrey Bezos.
Amazon posts another record profit, but revenue disappoints
NEW YORK (AP) — Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service.
But its revenue grew less than Wall Street analysts expected, and Amazon's shares fell after the results were released.
Website to provide info on online sales tax fight
CONCORD, N.H. (AP) — New Hampshire has set up a website for information about developments following a U.S. Supreme Court decision on collecting sales taxes from online shopping.
The ruling that states can require online retailers to collect sales tax on purchases in states where they don't have a physical presence was a victory for states losing billions of dollars in revenue every year. But it was a potential blow to New Hampshire, which prides itself on having neither a sales nor income tax.
GREENFIELD, N.H. (AP) — New Hampshire lawmakers will soon return to Concord to fight a recent U.S. Supreme Court ruling that affects online shopping.
Mideast online retailer Noon.com partners with eBay
DUBAI, United Arab Emirates (AP) — Middle Eastern online retailer Noon.com has partnered with eBay to give shoppers in Saudi Arabia and the United Arab Emirates a way to more easily buy products online from the U.S. and other parts of the world.
Noon.com, which announced the agreement on Tuesday, said customers can make select eBay orders on Noon's website starting from the second half of 2018 and access products that are not otherwise readily available in the region.
LONDON (AP) — The move toward online shopping and a Brexit-related rise in prices are causing more pain for British retailers, with department store House of Fraser saying it plans to close over half its stores, including its flagship premises on London's Oxford Street.
BOSTON (AP) — Changing consumer habits, tax disparities and state mandates are among the challenges facing a struggling retail sector in Massachusetts.
That's according to a draft report issued Monday by a 13-member special commission made up of merchants and legislators.
UPS reports 15 percent rise in 1Q profit
ATLANTA (AP) — More deliveries and higher revenue per package boosted first-quarter profit at UPS, but the company was hampered by rising costs as it upgrades its network to keep up with online shopping.
United Parcel Service Inc. said Thursday that it earned $1.35 billion in the quarter, up 15 percent from a year earlier.
The results topped analysts' forecasts, and the shares rose in midday trading.
GHBA REMODELERS COUNCIL Contact glass specialist when buying shower doors
Online shopping is a thriving market. For some types of purchases it may not be the best place to purchase.
If you are considering buying glass shower doors or enclosures, there are some things to know before you shop online or visit to a big-box store.
Businesses that want to improve their customers' online shopping experience can participate in a free online workshop from 12:30 p.m. to 2 p.m. on Wednesday.
Retailers are constantly seeking ways of getting people to their stores to purchase products.
The grocery business is no different, and a new trend in shopping in the $668 billion industry will be descending on Kankakee County in a big way.
UPS posts $1.1 billion profit for 4Q on high online shopping
DALLAS (AP) — UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network.
The company said Thursday that it plans between $6.5 billion and $7 billion of capital spending this year on things like new cargo airplanes and automation in its distribution centers. That's an increase from $5.2 billion last year.
H&M shares fall amid trouble adapting to online shopping
STOCKHOLM (AP) — Shares in low-cost fashion brand Hennes & Mauritz AB plunged on Wednesday after the Swedish company said it was having trouble adapting to a rapid and global shift to online shopping among consumers.
The company said its profits fell 33 percent in the fourth quarter, to 3.99 billion kronor ($506 million), with sales dropping 2 percent to 50.4 million kronor ($6.4 million). It said "the industry changes are challenging everyone and this will continue in 2018."
Celebrity divorce lawyer launches site to simplify breakups
LOS ANGELES (AP) — For years, Laura Wasser has been one of the go-to divorce attorneys when Hollywood power couples break up.
Now Wasser wants to bring some of the strategies she's developed during her career representing stars such as Angelina Jolie, Christina Aguilera and Johnny Depp to help regular couples. Her new site, It's Over Easy, aims to get couples divorced from their computers or tablets, without having to hire an attorney — or ever set foot in a courthouse.
Schiel’s Family Market in Wilkes-Barre has launched a new online shopping platform. The platform, called “Schiel’s Family Market Click & Go,” is powered by Rosie, an e-commerce partner for retailers. According to a press release from Schiel’s, customers can shop using their smartphones, tablets...
This Minnesota mom conquered her online shopping addiction by renting designer clothes
Once upon a time, I was an underpaid magazine journalist with expensive taste.
Retail workers feel disruption from shifting shopper habits
NEW YORK (AP) — With new options and conveniences, there's never been a better time for shoppers. As for workers ... well, not always.
The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and others. The shifts are driven, like much in retail, by the Amazon effect — the explosion of online shopping and the related changes in consumer behavior and preferences.
- Business WireWorldwide Latex Mattress Market Outlook to 2023: Set to Grow at Approx 12% CAGR, Driven by the Convenience of Online Shopping - ResearchAndMarkets.comFebruary 14, 2019
- Business WireWorldwide Vitamin D Market (2018-2022) to Grow at a CAGR of More Than 11% - Merck, Pfizer, Sanofi, Strides Arcolab, and Sun Pharmaceutical Industries are the Leading Vendors - ResearchAndMarkets.comFebruary 13, 2019
- Business WireDonde Raises $6.5 Million Series A to Expand its Visual Discovery Technology and Help E-Commerce Sites Improve Search, Merchandising, and PersonalizationFebruary 13, 2019
The naughty and nice of holiday shipping and returns
Online shoppers will pay close attention to at least two things this holiday season: shipping costs and return deadlines.
Nowadays, free shipping during the holidays is more of a requirement than a competitive advantage for retailers, according to Christopher Newman, an assistant professor of marketing at the University of Mississippi.
Online shopping driving increased work for carriers
IDAHO FALLS, Idaho (AP) — There are many under-appreciated backstories to those working throughout the holiday season.
Whether it is the retail workers pulling extra shifts, or the law enforcement officers sacrificing time with their families, certain occupations bear the brunt of the madness that can be the holidays.
Made it.Another Christmas shopping season’tis in the rearview mirror.Granted, we still have to endure 48 hours or so of “Grandma Got Run Over by a Reindeer,” but at this point I have become hardened to the annoying song. If there is tragedy there, I no longer see it.For most people, today is about...
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
STAMFORD-In his second installment, Stamford police Chief Jon Fontneau offers these tips for online shopping in hopes of keeping the holidays happy and safe for city residents.
Brick-and-mortar stores are looking to connect with customers in ways a website can’t.
Retail group: Those using both online, stores spending more
NEW YORK (AP) — A retail trade group estimates that people who shopped both online and in stores from Thanksgiving to Cyber Monday spent more than those who stuck to one or the other.
Shoppers take to their phones for Cyber Monday deals
NEW YORK (AP) — Weeks of deals didn't stop people from heading online to shop on the Monday after Thanksgiving.
Online sales are shaping up once again to be the big winner this holiday season.
While some early data suggested that in-store traffic fell on Thanksgiving and Black Friday, online sales surged last week and into this week, peaking on Cyber Monday.
With Christmas just around the corner all I can think about is the hustle of shoppers, the smell of peppermint lingering in the air, Christmas lights illuminating streets, and the excitement of handing someone a gift that I know they’ll love.
While shopping online is beneficial, it is also harmful to our society.
We can find almost anything online with a few keystrokes. It’s mostly cheaper and it’s more time efficient. While the benefits of online shopping seem to be overwhelming, the effects it has are worse.
5 quick ways to protect yourself while online shopping
Online scammers are not just an issue on Cyber Monday. Protecting yourself while shopping or working online is a year-round necessity.
Here are five ways to keep yourself from becoming a cyber fraud victim.
After Black Friday, eager consumers looking to score more bargains on merchandise carried over from the holiday weekend search the Internet on Cyber Monday to find online deals. Last year, according to Forbes, Cyber Monday sales amounted to $3.45 billion, making it the biggest day ever in U.S. e-commerce history. This year, Forbes predicts that Cyber Monday will again pull in huge holiday sales figures at around $3.81 billion, with mobile sales accounting for $1.24 billion of that.
Even with an increase in the popularity of online shopping, local shop owners and employees say downtown Norfolk is bouncing back.
As Norfolk and area shoppers prepare for Christmas, they have more choices than ever of how to shop for gifts: online, in-store or a combination of both.
In Norfolk, many of the shoppers who opt for the in-person experience head to the Sunset Plaza Mall.
Shoppers out seeking deals, though sales have crept earlier
Parking lots were full and shopping bags were plentiful in some places Saturday as holiday gift-seekers were out looking for bargains, even as the competition among retailers to offer earlier deals and snag customers first has pulled sales forward.
At the Woodbury Common outlets north of New York City, retail expert Craig R. Johnson was impressed by how many people were there — though crowds were still not as heavy as several years ago before online shopping was such a draw.
Retailers work to attract shoppers to stores on Black Friday
NEW YORK (AP) — Retailers worked hard to attract shoppers to stores on Black Friday, offering in-person deals meant to counter the ease of shopping by phone on Amazon.
Shoppers snag Black Friday deals amid sparse mall crowds
ANCHORAGE, Alaska (AP) — Shoppers found a little more room to navigate Black Friday deals as online shopping led to thinner crowds at a mall in downtown Anchorage.
Paul Kain, 54, a National Forest Service officer from Seward, made the annual trek to Anchorage with his wife to celebrate Thanksgiving. He also got a little shopping done on the holiday, snagging a GoPro camera for his son that was $80 off the retail price.
Hotels, tours, travel agencies promising Cyber Monday deals
NEW YORK (AP) — Hoping for some Cyber Monday deals in the travel world?
Hotels, tour companies, travel booking agencies and even destinations are promising bargains for Cyber Monday, "Travel Deal Tuesday" and other online shopping dates before and after Thanksgiving.
The Thanksgiving weekend is the traditional kick-off to the holiday shopping season, starting with Black Friday. This busy holiday shopping weekend also includes Small Business Saturday and concludes with online shopping on Cyber Monday. Giving Tuesday begins the next day. The Better Business Bureau of Greater Houston and South Texas is offering these tips to shoppers and donors to ensure consumers remain safe during the holiday season:
This holiday season will you shop at your local mall or online? Share your comments
This holiday season will you shop at your local mall or online? Share your comments