EBay has acquired 3PM Shield LLC, a provider of advanced AI-based marketplace compliance solutions, to enhance the e-tailer’s fraud monitoring solutions. 3PM Shield will provide new technology developed to prevent the sale of counterfeit items, unsafe products and...
In a sudden revelation, Heyward Donigan is departing Rite Aid where she was president, CEO and a board member, the company announced, adding that it has appointed Elizabeth “Busy” Burr interim CEO effective immediately. Rite Aid stated that the company has initiated a...
Online retailers continue to launch and expand physical store concepts, as is the case with eBay, which is opening the Luxury Exchange in New York City to capitalize on the skyrocketing value of authenticated luxury items by letting shoppers exchange goods from top...
One-time charges aside, eBay managed to beat a Wall Street earning estimate in the second quarter, even if sales and earnings slipped. Net loss from continuing operations was $536 million, or 96 cents per diluted share, versus net income of $294 million, or 43 cents...
EBay struggled ahead through its first quarter but still managed to do a bit better than financial analysts anticipate as it works to create new support for sellers. Loss from continuing operations at eBay was $1.34 billion, or $2.28 per diluted share, versus net...
