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Online Retail

Kimberly Redmond | Equities.com |

Gap Inc (NYSE: GPS) will begin selling a new home goods brand exclusively through Walmart Inc’s (NYSE: WMT) website next month under a partnership between the two retailers.

The Gap Home collection — Gap’s first venture into the home category — features more than 400 products, ranging from décor to bedding to bath goods and will go on sale June 24 at Walmart.com/GapHome, according to a press release issued Thursday.


Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) blocked more than 10 billion suspected phony listings in 2020 as part of an effort to crack down on counterfeit sellers on its site.

In its first-ever brand protection report released this week, the e-commerce giant said it destroyed more than 2 million counterfeit products sent to its warehouses last year before they could be sold.


Reuters | Equities.com |

Amazon.com Inc, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees this trend continuing post-pandemic, particularly for groceries.


Kimberly Redmond | Equities.com |

Amazon.com Inc’s (Nasdaq: AMZN) Prime customers in over 5,000 cities and towns across the US will now be able to have groceries delivered inside their garage.

On Tuesday, the e-commerce giant announced it is expanding its Key by Amazon garage grocery delivery service, which originally launched last November as a pilot program in Chicago, Dallas, Los Angeles, San Francisco and Seattle.


Reuters | Equities.com |

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.

The fine, about 4% of Alibaba’s 2019 China revenues, comes amid a crackdown on technology conglomerates and indicates antitrust law enforcement on internet platforms has entered a new era in China after years of laissez-faire approach.


Kimberly Redmond | Equities.com |

Cazoo Holdings Limited, an online UK-based used car seller, has agreed to go public on the New York Stock Exchange through a merger with Ajax I, billionaire investor Daniel Och’s special purpose acquisition company (SPAC).

The deal announced Monday with AJAX I values Cazoo at $7 billion including debt, nearly 2.7x more than the $2.6 billion valuation achieved in its private funding round last fall.


Kimberly Redmond | Equities.com |

The Toys"R"Us and Babies"R"Us brands are changing hands again, less than two years after Tru Kids Inc bought them in a liquidation sale.

On Monday, WHP Global, a New York-based brand acquisition and management firm, announced it had taken a controlling stake in Tru Kids and will now manage its business and growth. Financial terms of the deal were not disclosed.


AP News | Equities.com |

Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.

Rakuten’s shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post’s gained 4.9%.

Japan Post Holdings President Hiroya Masuda said Friday that the deal brought together “the digital and the real.”


Reuters | Equities.com |

SoftBank Group Corp-backed Coupang was valued at around $109 billion in its market debut on Thursday after South Korea’s largest e-commerce company raised around $4.6 billion in the biggest U.S. initial public offering this year.

Coupang’s stock soared 81% to open at $63.50. The company had priced 130 million shares sold in the IPO at $35 per share, higher than the marketing range $32-$34 per share, giving the Seoul-headquartered e-commerce giant a market value of $60 billion.


Reuters | Equities.com |

Italian fashion group Prada’s sales and profits rebounded at the end of last year from a first-half slump due to the coronavirus pandemic, boosted by a strong performance in China and elsewhere in Asia, and the positive trend has carried on into 2021.

Luxury fashion companies have been hit hard by the impact of the crisis on tourism and travel, but an improving backdrop in China, one of the world’s biggest luxury markets, has helped ...