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Online retail

Ebay earnings beat on pandemic-driven surge in online shopping; shares soar

Ebay earnings beat on pandemic-driven surge in online shopping; shares soar

By: Akanksha Rana, Jeffrey Dastin
Source: Reuters
Date of Publication: February 3rd, 2021
E-commerce firm eBay Inc said it would emerge “stronger” from the COVID-19 crisis after a pandemic-driven surge in online shopping helped the company beat estimates for sales and profit in the holiday quarter.
Jeff Bezos laughing

Amazon is officially America's favorite grocery store, thanks to a pandemic-driven boost to online shopping

By: Ben Gilbert
Source: Business Insider
Date of Publication: January 26th, 2021
In 2020, with consumer priorities changing to fit into a post-COVID world, Amazon was the favorite choice among grocery store retailers.
Shoppers walk past a "Sale" sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Jan. 7.

Retail Spending Dips For 3rd Straight Month As Infections Surge

By: Alina Selyukh
Source: National Public Radio
Date of Publication: January 15th, 2021
Restaurants and bars are reeling from persistent spikes of coronavirus cases and related restrictions in their communities, driving retail spending in December down for the third month in a row.
Buying and Selling a Car During COVID-19 - CARMAX

Buying and Selling a Car During COVID-19 - CARMAX

By: CarMax
Source: CarMax
Date of Publication: May 22nd, 2020
CarMax provides steps on how to buy and sell cars during the COVID-19 pandemic .
Amazon Bets on Office-Based Work With Expansion in Major Cities

Amazon Bets on Office-Based Work With Expansion in Major Cities

By: Sebastian Herrera
Source: The Wall Street Journal
Date of Publication: August 18th, 2020
The e-commerce giant says it is adding 3,500 employees in six major cities even as other companies embrace lasting remote employment.
eBay to Match $1 Million in Funds Raised by Sellers Who Donate to COVID-19 Response

eBay to Match $1 Million in Funds Raised by Sellers Who Donate to COVID-19 Response

By: eBay
Source: eBay
Date of Publication: March 31st, 2020
eBay's marketplace will match charitable contributions from US sellers who give a portion of sales to Feeding America, Direct Relief and The Opportunity Fund.
Growth in Online Shopping and Used Cars Lifts Carvana, Attracts Competition - WSJ

Growth in Online Shopping and Used Cars Lifts Carvana, Attracts Competition

By: Nora Naughton
Source: The Wall Street Journal
Date of Publication: August 10th, 2020
Eight-year-old internet seller isn’t yet profitable but is drawing interest from both car buyers and investors.
Amazon posts biggest profit ever at height of pandemic in U.S.

Amazon posts biggest profit ever at height of pandemic in U.S.

By: Jeffery Dastin, Akanksha Rana
Source: Reuters
Date of Publication: July 30th, 2020
Amazon.com Inc (AMZN.O) on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.
Strong online sales help stem revenue declines at Under Armour during pandemic, shares jump

Strong online sales help stem revenue declines at Under Armour during pandemic, shares jump

By: Lauren Thomas
Source: CNBC
Date of Publication: July 31st, 2020
Under Armour’s fiscal second-quarter revenue dropped 41% from a year ago. But that came in better than the retailer was expecting, thanks to e-commerce growth. Under Armour estimated roughly 80% of the stores where its merchandise can be purchased, including its own shops, were closed due to the coronavirus pandemic through mid-May.
Hasbro revenue falls 29% as store closures, product shortages hurt sales; shares drop

Hasbro revenue falls 29% as store closures, product shortages hurt sales; shares drop

By: Sarah Whitten
Source: CNBC
Date of Publication: July 27th, 2020
Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter. Despite strong demand for toys in the quarter, Hasbro’s revenue fell 29% on a pro forma basis. Nearly 30% of its global toy and game revenue came from online sales.