ecommerce

Amazon to Pay Back Taxes Amounting to $300 Million

Amazon to Pay Back Taxes Amounting to $300 Million

European Union authorities have ordered Amazon.com, Inc. (NASDAQ: AMZN) to pay almost $300 million as back taxes to their member state Luxembourg. The EU said that the United States company has made massive benefits from the illegal tax arrange..

Wal-Mart Buy Delivery Startup Parcel

Wal-Mart Buy Delivery Startup Parcel

Wal-Mart Stores Inc. (NYSE: WMT) on Tuesday announced to acquired NYC’s startup Parcel, a company that focus on same-day groceries deliveries.Brooklyn-based Parcel provided same-day and overnight delivery service and operates 24 hours per day,..

Bed Bath & Beyond Posts Disappointing Earnings

Bed Bath & Beyond Posts Disappointing Earnings

Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares tumbled over 15 percent on Wednesday as the company reported quarterly revenue and earnings that missed analysts’ estimates.The home goods retailer reported second-quarter sales fell 1.7 percent..

Amazon to Open Mega Warehouse in Mexico

Amazon to Open Mega Warehouse in Mexico

Amazon.com, Inc. (NASDAQ: AMZN) is preparing to open a mega warehouse near Mexico City that will be 1 million square feet to help boost Mexico’s e commerce industry. The warehouse is to be built in the Tepotzotlan municipality about 25 miles n..

Gap to Close 200 Gap & Banana Republic Stores and Open 270 Old Navy & Athleta Stores

Gap to Close 200 Gap & Banana Republic Stores and Open 270 Old Navy & Athleta Stores

Gap Inc. (NYSE:GPS) is planning to refocus their efforts on Old Navy and Athleta brands instead of their own and Banana Republic by closing hundreds of locations for both brands. The company wants to concentrate on growth which is primarily e commer..

Wal-Mart and Google Partner to Deliver Voice Shopping

Wal-Mart and Google Partner to Deliver Voice Shopping

Wal-Mart Stores Inc (NYSE: WMT) together with Alphabet Inc (NASDAQ: GOOGL) announced a partnership. Together the two companies plan to compete against Amazon.com, Inc. (NASDAQ: AMZN). The partnership will focus on providing customers with voice shop..

Amazon Takes First Steps Towards Brick-and-Mortar Retailers

Amazon Takes First Steps Towards Brick-and-Mortar Retailers

Amazon.com, Inc. (NASDAQ: AMZN) introduced on Tuesday their new push towards brick-and-mortar retailers. Instant Pickup, a free service offering Prime and Prime Student members a curated selection of daily essentials available for pickup in two minu..