by Mike Duff | Feb 24, 2023 | Retail Articles
In its fourth quarter, eBay recorded lower sales and gross merchandise volume, but it still did better than expected by Wall Street. Net income from continuing operations was $671 million, or $1.23 per diluted share, the company reported, versus a loss from continuing...
by Mike Duff | Feb 17, 2023 | Retail Articles
Although the Massachusetts Institute of Technology comes in first, the top retailer in the Forbes America’s Best Large Employer study was H-E-B at number five. Among retailers, Trader Joe’s at 16 and Costco Wholesale at 25 come in next. Wegmans at 44 and...
by Mike Duff | Feb 15, 2023 | Retail Articles
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...
by Mike Duff | Jan 9, 2023 | Retail Articles
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...
by Mike Duff | Nov 16, 2022 | Retail Articles
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...
