Rue La La is acquiring rival Gilt Groupe, though the terms of the sale aren’t known. Once the darlings of ecommerce, flash sale sites have become passé, though Rue La La owner Michael Rubin insists it’s a model that’s alive Read more
eBay published data today to show its contributions to the US economy, touting its role in helping to create jobs. The missive from Dan Tarman, Chief Communications Officer, eBay, comes as the company fights a public relations and legislative battle Read more
Walmart is selling 80% of Walmart Brazil to private equity firm Advent International. Walmart entered the Brazilian market 22 years ago, and Walmart Brazil today has 438 stores in 18 states, with 55,000 associates. The moves is part of the Read more
Imagine serving nearly 270 million customers a week in 28 countries and generating $500.3 billion in revenue. Those are Walmart’s stats cited by its CEO Doug McMillon at last week’s annual shareholder meeting. “We are a growth company,” he said Read more
eBay is running a promotion for buyers that kicked off on Saturday and ends today – it’s limited to *invited* members of its eBay Bucks program. A trusted tipster sent us the promotion: members receive 8% in eBay bucks on Read more
eBay sent an email to sellers on Friday enticing them to change their return policies using the subject line: “Save on labels when you change your return policy.” For sellers who activate the promotion and list items with 30-day free Read more
eBay CEO Devin Wenig answered shareholder questions after he gave a presentation following this morning’s annual meeting. eBay webcast the event, but the audio went dead for the last minutes of the broadcast during the entire Q&A portion. During the Read more
PayPal has acquired Jetlore, an ecommerce service that helps retailers offer personalized search results using “Predictive Ranking,” which matches each customer’s unique preferences directly to inventory in real time. The acquisition is an effort to grow PayPal Marketing Solutions, which Read more
A government agency took an unusual step of getting directly involved in ecommerce matters. The US Federal Communications Commission (FCC) requested the heads of eBay and Amazon do more to prevent the sale of fake set-top boxes on their marketplaces. Read more
eBay sent 20 small businesses who sell on its marketplace to Washington, DC, to lobby their legislators as part of its 13th annual Advocacy Day event. The focus of this year’s “DC Fly-in” event was online sales tax and trade Read more
