Holiday shopping on the Web rose 17 percent to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said, as consumers took advantage of online deals.
Zalando SE traded above its initial public offering price for the first time since last month’s stock market debut after Europe’s largest online fashion retailer forecast it will end the year “slightly profitable.”
Just two months after its record initial public offering, Alibaba Group Holding Ltd. is facing its “most dangerous moment,” according to founder Jack Ma.
EBay Inc is retooling its local delivery program and extending more logistics options to smaller merchants that make up the bulk of the e-commerce giant’s sprawling base of marketplace sellers.
United Parcel Service Inc’s chief executive officer said on Monday the company’s closer collaboration with major retailers should bring a smooth holiday season, but he said UPS would charge customers more or even refuse packages if last-minute sales by a major customer threaten the company’s system.
The head of Future Group, one of India’s largest and most established retailers, admits he can’t keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.