Amazon to offer sellers small business loans with Goldman Sachs
Amazon is set to begin offering its customers small business loans as it closes in on a deal with banking giant Goldman Sachs.
Small and medium sized business loans could…
Amazon reports 400% surge in face mask sales despite doubts over their ability to prevent infection
Amazon has seen medical face mask sales in the UK skyrocket 400 per cent over the past 24 hours as coronavirus fears spread.
Disposable face masks have become the fastest…
Amazon smashes all expectations in 4th quarter sending shares skyrocketing 13%
Amazon has smashed sales expectations across the board in its fourth quarter sending shares surging as much as 13 per cent and raising its market capitalisation back to over $1…
Ebay calls for nationwide internet sales tax in the US
Ebay is calling for a nationwide US internet sales tax after warning that individual state sales taxes were harming “small businesses and consumer sellers”.
Thirty-three US states have now implemented…
Ebay sales falter as analysts call Amazon the “primary culprit”
Ebay has seen its shares dive five per cent after it warned investors that it would miss analyst estimates this quarter, with experts citing Amazon as the “primary culprit”.
The…
Amazon will now face “civil fines and other penalties” for selling counterfeit goods
Amazon will now face “civil fines and other penalties” for selling counterfeit goods on its platform in the US.
Online retailers like Amazon, Alibaba and Ebay will now face severe…
Alibaba, JD.com struggling to meet demand for medical supplies amid coronavirus outbreak
Alibaba, JD.com and Pinduoduo are struggling to meet demand for medical supplies in China amid a scramble to prevent the spread of the deadly coronavirus.
China’s biggest retailers are facing…
Amazon to deploy 10,000 electric delivery vehicles in India despite growing tensions
Amazon has revealed plans to deploy a fleet of 10,000 electric delivery vehicles in India by 2025 amid a troubled push into the market.
The online giant said on Monday…
StockX tops $1bn in sales for the first time as sneaker market continues to boom
StockX has surpassed $1 billion in gross merchandise value (GMV) for the first time thanks to massive growth in 2019.
The sneaker resale platform, which markets itself as a “fashion…
Ebay’s Retail Revival scheme helps SMEs make millions
Ebay’s Retail Revival scheme has helped over 60 small business growth their revenues by an average of 33 per cent over the last year.
Retail Revival was launched last year…