All articles tagged with #online retailer
Chinese online retailer Shein removed childlike sex dolls from its website after French authorities flagged the items for their inappropriate and potentially illegal content, emphasizing their zero-tolerance policy towards such products.
Chewy Inc., the online pet-supplies retailer, expects lower prices due to weaker demand and is trying to understand the behavior of more selective and price-conscious customers. The company's executives expressed caution amid inflation and emphasized the need to prepare for a wider range of customer behaviors.
Wayfair's stock is surging in premarket trading as the online furniture retailer exceeded expectations for its second-quarter earnings.
Jefferies analysts have raised Amazon's stock price target, citing the company's expected gains from the increasing adoption of artificial intelligence.
The Samsung Galaxy S22 Plus with 256GB storage capacity is being sold at a 50% discount by online retailer Woot, bringing the price down to $528. The smartphone is factory unlocked and works with all major carriers in the US. The deal is only valid for the next 13 days or until sold out. The Galaxy S22 Plus is a former flagship device that offers great build quality, a bright 120Hz AMOLED display, and good performance. However, it does not come with a fast charger in the box.
Carvana's share price surged almost 50% after the online used-car retailer announced that it expects to improve its profit metrics in Q2 2023 due to cost-cutting measures.
Carvana's shares surged by 55% after the online used-car retailer's surprise Q2 profit forecast caught bearish investors off guard. The company struggled to sell used cars purchased at higher prices during the pandemic due to weak demand over affordability concerns. Short positions in Carvana were at $488 million, with short sellers estimated to have lost $142 million since the stock started trading higher in after-hours trading on Thursday. Carvana has cut costs and is trying to restructure its debt, some of which was taken on to buy auction firm ADESA's U.S. physical auction business.
Online retailer Boxed has filed for Chapter 11 bankruptcy protection and will execute a sale of its Spresso software business to its first-lien secured lenders. At least nine companies that have gone public via merging with a special purpose acquisition company have now filed for bankruptcy. The SPAC mania attempted to reverse the trend of companies taking longer to go public, but it's now shown that not all companies are fit to be public.
A judge has rejected Amazon's bid to dismiss California's antitrust lawsuit accusing the online retailer of illegally forcing merchants to accept policies that cause consumers to pay artificially high prices. The lawsuit sought to block Amazon from enforcing policies that bar the sale of goods more cheaply elsewhere, and to pay damages and penalties. Amazon declined to comment on the decision.