It’s that time of year again — now that all the holiday gifts are opened, the returns start rolling in. Some 10 percent of all holiday purchases are returned, a percentage that often triples when it comes to purchases made online. Holiday sales, excluding autos,...
Holiday spending is now projected to hit more than $1 trillion — yes, with a T—a nearly 4 percent increase over last year. The average adult is expected to spend more than $400 this holiday season on gifts. And while some people are more generous than...
Since the Walgreens/Rite Aid merger is on track to create the largest drugstore operation in the U.S. with 46 percent market share, the companies are under increased pressure from antitrust regulators. In order to meet regulatory requirements for a pending $9.4 billion merger, Walgreens and Rite...
Taxi-hailing app Careem, a competitor to Uber in the Middle East, has raised $350 million in venture funding led by Rakuten, the Japanese eCommerce company, and Saudi Telecom Company. Careem has a valuation of $1 billion. Careem’s service is up and running in seven cities in...
Online shopping from desktop computers has hit a major milestone this holiday season. The number of consecutive billion-dollar sales days has hit a record of 19 days since Thanksgiving, blowing last year’s record of 9 consecutive billion-dollar days out of the water. Online spending on...
U.K.-based online takeout site Just Eat just ate up two of its competitors in a combined £266.1 million ($336 million) meal. First, Berlin-based delivery startup Delivery Hero sold its U.K. branches to Just Eat for £200 million ($248 million). Just Eat could pay as much...
GoFundMe has helped campaigns raise more than $3 billion since launching back in 2010. Currently, GoFundMe says it has 2 million program organizers and more than 25 million donor, and the number of people helped through its campaigns tripled in 2016. The intersection of crowdfunding and...
Overall, publicly traded online retailers outperformed even the overall well-performing eCommerce market — but gains were largely due to Amazon. Total online sales grew 15.6 percent in the third quarter year over year, reaching a total of $93.67 billion. The 32 publicly held eCommerce companies...
Tech giant Apple has been in talks to invest in a fund being put together by SoftBank Group, the Japanese telecom and banking firm. Named the SoftBank Vision Fund, it could be as large as $100 billion. SoftBank said it could also tie up with...
