Marks & Spencer website nightmare knocks share price: Here’s what the analysts say July 8, 2014 Marks & Spencer's long-awaited website overhaul has failed to perform. The company announced that online sales have dropped by 8.1 per cent in the 13 weeks to 28 June. The retailer excused the performance as a "settling in" of the new M&S.com site, which cost the company £150m. Marc Bolland, M&S chief executive, says that [...]
German watchdog warns Amazon October 20, 2013 Germany’s antitrust watchdog accused Amazon of undermining competition when dealing with third-party merchants and said it would impose reform unless the Internet retailer changed its rules, a German paper reported. “The terms of Amazon’s Marketplace in effect obstruct competition,” president of the German cartel office Andreas Mundt told the Sueddeutsche Zeitung.
What businesses will Tesco sell after ruling out a rights issue to raise cash? October 23, 2014 Tesco may be in dire straits, but a rights issue was ruled out by chief executive Dave Lewis this afternoon. Rather, the team will look “to extract value” from the business, most likely by selling off some of its non-core business assets. The supermarket sells much more than just groceries after embarking upon a rapid [...]
Value of Blur projects rising July 9, 2014 ONLINE services group Blur said yesterday that the value of projects submitted to its exchange increased by more than 200 per cent year-on-year to just over US$16m (£9.3m) in the first half of 2014. In a trading update the company said “s-commerce is being increasingly adopted by enterprise customers, with Amazon, Solvay, UTI, Menard, Incisive [...]
Alibaba to set IPO wheels in motion as soon as 8 September August 30, 2014 Alibaba's initial public offering to investors could be just over a week away, with the Chinese ecommerce giant expected to launch its IPO as early as the week of 8 September. In what many are predicting will be the largest IPO in history, Alibaba could raise over $20bn (£120bn) when it lists on the New York [...]
Alibaba sets its sights on September to launch $200bn float July 17, 2014 CHINESE web giant Alibaba will reportedly begin its investor roadshow in September just ahead of a New York listing that could value the firm at $200bn (£117bn). Alibaba is looking to raise around $20bn from public markets this year, a fundraising which would rival the Agricultural Bank of China’s $22.1bn float in 2010 as the [...]
Amazon still rises despite losses October 24, 2013 ONLINE retail titan Amazon defied profits again last night as it reported a narrowed loss of $41m (£25.3m) on revenues that increased 24 per cent to $17.1bn. The loss did not put off Amazon shareholders which led to an eight per cent rise in after hours trading after the company beat revenue expectations of $16.8bn. [...]
Amazon plans Sunday deliveries in London as part of new service November 12, 2013 AMAZON will roll out Sunday deliveries across London by the end of November using its own trucks to complete the so-called last mile to customer’s doors, according to the Wall Street Journal. The project was announced as part of a US trial starting this week in which Amazon Prime customers can use their free two-day [...]
Chinese property company offers £200,000 discount on homes to Alibaba users August 27, 2014 Shop on Amazon and you might receive discount on a box of wine. Use Alibaba, and you could get money off mortar. Chinese builders need new methods to attract buyers: the country has enough floor space on sale to satisfy four years of demand, and over 90 per cent of households own the bricks and mortar [...]
Uber launches same-day grocery delivery with no minimum spend August 21, 2014 Uber is branching out from app based taxi hire to same-day grocery delivery services. The pilot programme launched in Washington DC will last just a few weeks but could be extended if proves to be popular. “The more you love it, the more likely it will last,” the company said. The Corner Store service is [...]