Amazon, Ebay, Google going local
SAN FRANCISCO, Dec 2 (Reuters) – Amazon.com (AMZN.O: Quote, Profile, Research, Stock Buzz) and
eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz) are investing in local Internet services,
jumping aboard the increasingly popular and lucrative business
of catering to local shoppers and stores.
Amazon, the world’s largest online retailer, plans to
invest $175 million in online coupon company LivingSocial,
while e-commerce giant eBay is buying Milo.com, which lets
users see if items they seek are available on local store
shelves. [ID:nN02241411]
Aeropostale sees weak holiday, co-CEO Meads departs
SAN FRANCISCO, Dec 1 (Reuters) – Teen retailer Aeropostale
Inc (ARO.N: Quote, Profile, Research, Stock Buzz), facing an uncharacteristic dip in sales, announced
the departure of one of its co-chief executives and forecast
disappointing profit in its holiday quarter, sending its shares
down 9 percent.
Co-CEO Mindy Meads will leave to pursue other interests,
Aeropostale said, leaving counterpart Thomas Johnson as the
company’s sole CEO, effective immediately. Meads and Johnson
had been working together at the helm of Aeropostale since
January 2010.
U.S. shoppers drive solid Cyber Monday sales
SAN FRANCISCO, Nov 30 (Reuters) – Consumers heeded the call
of online retailers on Cyber Monday, ringing up double-digit
sales growth on that key e-commerce holiday shopping day,
according to data released on Tuesday.
The surge in sales on Monday exceeded expectations in a
consumer environment still tempered by high unemployment and
worries over the economy.
US shoppers drive solid Cyber Monday sales-reports
SAN FRANCISCO, Nov 30 (Reuters) – Consumers heeded the call
of online retailers on Cyber Monday, ringing up double-digit
sales growth on that key e-commerce holiday shopping day,
according to data released on Tuesday.
At least three companies reported surging sales on Monday,
exceeding expectations in a consumer environment still tempered
by high unemployment and worries over the economy.
Retailers hope Cyber Monday sustains shopping
NEW YORK/SAN FRANCISCO (Reuters) – Retailers from Amazon.com Inc to Target Corp offered steep online discounts to shoppers on Cyber Monday, aiming to win additional sales after a strong start to the holiday shopping season over the weekend.
Shares of Amazon rose as much as 2.6 percent to an all-time high of $181.84, while smaller rival Overstock.com surged 8.1 percent and Web jeweler Blue Nile gained 5.3 percent on indications of strong traffic to retail sites.
U.S. retailers hope Cyber Monday sustains shopping
NEW YORK/SAN FRANCISCO, Nov 29 (Reuters) – U.S. retailers
from Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) to Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) offered
steep online discounts to shoppers on Cyber Monday, aiming to
win additional sales after a strong start to the holiday
shopping season over the weekend.
Shares of Amazon rose as much as 2.6 percent to an all-time
high of $181.84, while smaller rival Overstock.com (OSTK.O: Quote, Profile, Research, Stock Buzz)
surged 8.1 percent and Web jeweler Blue Nile (NILE.O: Quote, Profile, Research, Stock Buzz) gained
5.3 percent on indications of strong traffic to retail sites.
Retailers hope Cyber Monday keeps shoppers buying
NEW YORK/SAN FRANCISCO, Nov 29 (Reuters) – U.S. retailers
are hoping to cash in on Cyber Monday, one of the biggest days
for Internet commerce, after strong weekend online sales.
The Monday after the U.S. Thanksgiving holiday was dubbed
Cyber Monday five years ago to get consumers to focus on online
shopping. But retailers have been increasingly offering online
deals on Thanksgiving Day and over the holiday weekend.
[ID:nN27157054]
Online bargain-hunting spreads beyond Cyber Monday
SAN FRANCISCO, Nov 27 (Reuters) – Early discounts may have
taken some of the shine off Cyber Monday but the key online
holiday shopping day is still expected to attract bargain
hunters who may not have had their fill over the weekend.
Cyber Monday — a term coined five years ago for the day
many people return to work after Thanksgiving and make online
gift purchases on their computers — remains a prime shopping
day online. But its novelty has now been partially eclipsed by
e-commerce promotions earlier in the season, including on
Thanksgiving itself.
Retailers slow discounts after “Black Friday”
NEW YORK/SAN FRANCISCO (Reuters) – Retailers scaled back discounts and shoppers were less frenzied on Saturday, a day after the mad rush for “Black Friday” bargains kicked off the holiday shopping season.
Easing up on discounts makes sense considering the strong kick-off to the busiest selling season of the year and as retailers have almost a month to sell their goods before Christmas Day, analysts said.
U.S. retailers slow discounts after ‘Black Friday’
NEW YORK/SAN FRANCISCO, Nov 27 (Reuters) – U.S. retailers
scaled back discounts and shoppers were less frenzied on
Saturday, a day after the mad rush for “Black Friday” bargains
kicked off the holiday shopping season.
Easing up on discounts makes sense considering the strong
kick-off to the busiest selling season of the year and as
retailers have almost a month to sell their goods before
Christmas Day, analysts said.
