Icahn Accuses eBay Board Members of Conflicts of Interest

Carl Icahn | Source: Reuters

SAN JOSE, United States — Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot - or ignoring - conflicts of interest on the company's board, and called again for the spinoff of its fast-growing PayPal division.

…Continue Reading

EBay Holiday Quarter Forecast Trails Analysts’ Estimates

Ebay offices | Source: David Paul Morris/Bloomberg

SAN FRANCISCO, United States — EBay Inc. issued sales and profit forecasts that fell short of analysts’ estimates ahead of the key holiday shopping season, citing “dramatically decelerating U.S. e-commerce growth.”

…Continue Reading

E-tailers Embrace Same-Day Delivery, but US Shoppers Shrug

Amazon fulfillment center | Source: Nooga.com

NEW YORK, United States -- Same-day delivery, one of the hottest e-commerce trends, is too expensive for most U.S. consumers, raising the risk that this turns into another online shopping fad that goes cold, according to a survey released on Tuesday.

…Continue Reading

PPR invests in Christopher Kane, NAP sales up, Alpha male, Wearable technology, Role reversal

Christopher Kane A/W 2013 | Photo: Morgan O'Donovan

PPR buys 51 per cent stake in Christopher Kane (Telegraph) “Following on from rumours which surfaced in November , the luxury conglomerate PPR has today confirmed that it has bought a 51 per cent stake in the business of London Fashion Week label Christopher Kane.” Net-A-Porter sees sales increase by 55 per cent (Telegraph) “Net-A-Porter, the online luxury fashion destination, experienced a 55 per cent rise in

…Continue Reading

Yogawear heats up, Prada seeks tax refund, Fast fashion graveyard, Feet first, Sarah Mower

Philip Greene | Source: Elne

Once unique, Lululemon faces rivals on all sides (MSN Money) “When Lululemon Athletica Inc opened its first U.S. shop in 2003, its form-fitting yoga pants, free classes and Pacific Northwest vibe were a revelation to its new American customers. They had never seen another retailer like it. But time has caught up with the Vancouver-based retailer. Lululemon, closely watched by investors because of its meteoric rise, now faces

…Continue Reading