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Nov 20, 2014

EBay retools local delivery push in renewed bet on retail

SAN FRANCISCO, Nov 19 (Reuters) – EBay Inc is
retooling its local delivery program and extending more
logistics options to smaller merchants that make up the bulk of
the e-commerce giant’s sprawling base of marketplace sellers, an
executive said on Wednesday.

More of eBay’s smaller sellers, including some with annual
sales under $100,000, will allow shoppers to buy items online
that can be picked up in stores, an option now used by big
companies such as Best Buy Co Inc and Toys ‘R’ Us.

Nov 12, 2014

Amazon to keep investing in cloud despite margin pressure

LAS VEGAS, Nov 12 (Reuters) – Amazon.com Inc plans
to build data centers in every large country over time as part
of a broader investment push that will eventually make the
Internet retailer’s cloud computing arm the largest part of its
business.

In a roundtable with reporters on Wednesday, Amazon Web
Services chief Andy Jassy did not provide a timetable for these
investments in the AWS unit, which provides Internet-based
computing and data management to corporate clients.

Nov 12, 2014

Amazon to keep investing in cloud services despite margin pressure

LAS VEGAS, Nov 12 (Reuters) – Amazon.com Inc
believes its Web Services cloud computing unit has the potential
to become its biggest business over the long term, a senior
executive said on Wednesday.

Amazon Web Services chief Andy Jassy told reporters the
Internet retailer intends to continue investing in the business,
which provides Internet-based computing and data management to
corporate clients, despite investors’ concerns the company was
spending too much and sacrificing margins.

Oct 28, 2014

Apple CEO fires back as retailers block Pay

By Deepa Seetharaman

LAGUNA BEACH Calif. (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) CEO Tim Cook fired back at CVS (CVS.N: Quote, Profile, Research, Stock Buzz) and Rite Aid (RAD.N: Quote, Profile, Research, Stock Buzz) on Monday after the drugstore chains blocked the iPhone maker’s mobile payments service, saying there were plenty of other retailers around the world to sign up.

Apple Pay launched about a week ago and saw more than a million credit cards registered over the first 72 hours. It already totes up more transactions than all other “contact less” payment methods combined, Cook said, citing Visa and Mastercard data.

Oct 24, 2014

Wall St. finally turning on Amazon as Bezos magic fades

SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research, Stock Buzz) once fairy-tale ride on Wall Street has hit its most jarring bump yet.

The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday.

Oct 24, 2014

Analysis – Wall Street finally turning on Amazon as Bezos magic fades

SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet.

The company that for years enthralled investors with improbable growth and earned one of the technology sector’s highest valuations drew widespread ire after a spectacular results letdown on Thursday.   

Oct 23, 2014

Amazon’s holiday-quarter forecast disappoints, shares dive

SAN FRANCISCO (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research, Stock Buzz) sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts, sending the online retailer’s shares 9 percent lower on Thursday.

After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors were ready to see it curtail its ambitions and start delivering sustainable profits.

Oct 17, 2014

Amazon expands grocery delivery service to Brooklyn

SAN FRANCISCO (Reuters) – Amazon.com Inc is expanding its online grocery delivery program to Brooklyn’s well-heeled Park Slope neighborhood on Friday, giving the No. 1 U.S. online retailer a foothold in one of the wealthiest and densest markets in the United States.

The AmazonFresh program, which offers same-day or next-day delivery on more than 500,000 items including fresh and frozen groceries, will soon expand to other areas in Brooklyn.

Oct 15, 2014

eBay trims 2014 revenue outlook amid economic fears

SAN FRANCISCO (Reuters) – EBay Inc trimmed its full-year revenue forecast on Wednesday, signaling a weaker-than-expected holiday shopping season for the e-commerce company as it prepares to split from its fast-growing payments arm, PayPal.

EBay’s report comes as weak economic data from the United States and China fan fears of a global slowdown, forcing investors to re-examine the world economy only just emerging from one of the worst recessions in history.

Oct 6, 2014

Gwyneth Paltrow’s Goop names new CEO, plans e-commerce push

By Deepa Seetharaman

(Reuters) – Goop, the lifestyle blog and online shopping site founded by actress Gwyneth Paltrow in 2008, named a new chief executive officer on Monday to spearhead an e-commerce expansion that includes Goop-branded apparel.

Lisa Gersh, who was previously CEO and president of Martha Stewart Living Omnimedia and co-founder of Oxygen Media, will expand the site’s tie-ups with fashion designers including Stella McCartney and Diane von Furstenberg next year.

    • About Deepa

      "Deepa Seetharaman is a San Francisco-based reporter covering e-commerce companies, including Amazon.com Inc and eBay Inc. She previously covered the auto industry from Detroit and wrote about airlines, hotels and the U.S. stock market from New York. She joined Reuters in June 2008 after studying journalism and history at Northwestern University."
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