aggregatedcontent
Ruchit Garg, a Silicon Valley entrepreneur, says that he worries that something isn’t right with his internet shopping habit. With each new delivery to his doorstep — sometimes several in a day — he faces the source of his guilt and frustration: another cardboard box. Then, when he opens the shipment, he is often confronted…
Alibaba disclosed in an SEC filing late Friday that it acquired nearly 33 million shares of Groupon in the fourth quarter. That works out to about a 5.6 percent stake. This makes Alibaba the fourth-largest owner of Groupon. Shares of Groupon soared more than 40 percent in midday trading. That follows a nearly 30 percent…
Home electronics and appliance retailer Hhgregg Inc. named an interim chief executive Tuesday following the resignation of Dennis L. May, who had served in the post since August 2009. The company said May’s resignation was effective immediately. Finance and investor relations director Lance Peterson said May, 48, left by mutual agreement with the company’s board of…
DSW Inc. agreed to buy online shoe retailer Ebuys Inc. for an up-front payment of $62.5 million, in a bid to expand its online presence and grow its business abroad. Ebuys, the parent of retail sites ShoeMetro and ApparelSave, is also eligible for additional payments based on its future performance. DSW sells shoes and accessories with 469…
Honest Co., the online shopping company co-founded by actress and model Jessica Alba, was accused in a lawsuit of fraudulently labeling dozens of home and personal care products as natural, plant-based or chemical-free, causing consumers to overpay. The complaint filed on Friday night by Brad and Manon Buonasera in U.S. District Court in Manhattan targets Honest’s…
Online sellers who rely on the U.S. Postal Service to deliver their orders had some changes to contend with when the Postal Service rolled out a rate change on Jan. 17. EcommerceBytes has been covering the changes closely. We asked USPS spokesperson Katina Fields about the big changes and about some of the road bumps for…
Kroger keeps growing and growing. Not counting acquisitions, Kroger has notched a stunning 12 straight years of growing sales at its nearly 2,800 stores. But now, thanks to its financial strength, the Cincinnati-based supermarket giant is growing increasingly by taking over rivals too. This week, Kroger was named as a potential suitor for struggling upscale grocer…
Barneys New York is opening a flagship store in Manhattan’s Chelsea neighborhood. The location, which will take up almost an entire city block on 7th Avenue, is a homecoming: it’s where the luxury department store, then a menswear brand, was originally founded in 1923. The return to its downtown roots comes about 20 years after the…
Fabletics’ aim is to open 75 to 100 stores over the next three years to five years, the company revealed to Forbes. Almost all of Fabletics’ $150 million in revenues in 2015 came from its e-commerce operation, bolstered by the appeal (and massive social media following) of the company’s co-founder and face, actress Kate Hudson.
Whole Foods Co-Chief Executive Officer Walter Robb, seeking to appeal to younger, budget-conscious shoppers, says his company’s new 365 chain is going to try some tactics outside of the conventional grocery-store playbook. Whole Foods has advertised that it’s looking to find suppliers and vendors to set up shop in its 365 stores through a program called "Friends…