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Jan 19, 2011

EBay profit beats estimates, forecast is bullish

SAN FRANCISCO (Reuters) – Online marketplace eBay Inc exceeded Wall Street profit estimates for its holiday fourth quarter, helped by more items sold and at higher prices, and gave a bullish 2011 outlook.

Its shares rose 1.7 percent in after-hours trade.

EBay is in the last year of a three-year plan to turn around its marketplaces business, which connects online buyers with sellers.

Jan 13, 2011

Gap gets active in young market with Athleta store

SAN FRANCISCO, Jan 12 (Reuters) – Gap Inc’s (GPS.N: Quote, Profile, Research, Stock Buzz) Athleta
brand of athletic wear for women will open a flagship store on
Thursday in San Francisco to connect with brick-and-mortar
shoppers after booking double-digit sales growth through its
catalogs and website.

The new store, in the city’s tony Pacific Heights
neighborhood, will allow the brand’s affluent female target
audience to discover the line, while the company decides
whether to open more stores.

Dec 6, 2010

U.S. shoppers can’t say no to deals – survey

SAN FRANCISCO (Reuters) – The number of U.S. shoppers unable to resist buying “impulse” gifts for themselves or others is on the rise this season, due to the plethora of discounts and deals in stores.

Some 46 percent of U.S. consumers have already purchased an “impulse item” this season, according to an exclusive survey for Reuters by consumer research firm America’s Research Group.

Dec 6, 2010

Shoppers can’t say no to deals: survey

SAN FRANCISCO (Reuters) – The number of shoppers unable to resist buying “impulse” gifts for themselves or others is on the rise this season, due to the plethora of discounts and deals in stores.

Some 46 percent of consumers have already purchased an “impulse item” this season, according to an exclusive survey for Reuters by consumer research firm America’s Research Group.

Dec 3, 2010

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]

Dec 1, 2010

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.

Nov 30, 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.

Nov 30, 2010

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.

Nov 30, 2010

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.

Nov 29, 2010

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.

    • About Alexandria

      "Alexandria covers general news in the busy Paris bureau, focusing on politics, courts, crime and terrorism. When not covering political crises in the French government, criminal investigations, high-profile trials or visits by foreign diplomats, she can be found writing about fashion, culture and style at Paris Fashion Week or the Cannes Film Festival. Before Paris, Alexandria wrote about the business side of the apparel industry and e-commerce in San Francisco and Los Angeles. She has been with Reuters since 2004. Earlier assignments have included the Michael Jackson molestation trial, Louisiana's BP oil spill, marijuana legalization in California and polygamy in ..."
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