UK shoppers stick to the biggest online retailers
UK online retail sales grow 9.3% from last April thanks to improved supply chain and continued credit binge. The top ten e-tailers attract nearly two-thirds of all online traffic. Ebay gets 333 million while Amazon receives 331 million visits per month while. Argos receives 59 million. Aliexpress and John Lewis each receives 16.6 million.
Online retailer Wayfair to create 160 jobs in Galway
Wayfair, which already employs 200 people in Ireland, just opened a new 30,000 sq ft European operation s center in the Mervue Business Park. The new Galway team includes positions in customer service, business account management, finance, supplier operations, business analysts, recruitment, training, and IT services. Wayfair, which was founded in 2002, generated $2.25 billion in revenue in 2015.
Walmart Outperforms Estimates, but Online Retail Lags
Walmart reported that its Q1 revenue had grown 0.9%, exceeding analysts’ forecast. Increase in employee wages and improvement in store layouts contribute to higher levels of customer satisfaction. Meanwhile, Macy’s, Nordstrom, and Kohl’s all reported quarterly sales falling. However, Walmart underperforms in ecommerce given its vast resources. Its global annual ecommerce revenue has grown 12% to $13.7 billion in the last fiscal year.
Jeff Bezos tells Amazon shareholders that it will open more physical bookstores
Amazon’s first physical bookstore opened in Seattle last year. It also has plans for another store in San Diego. Although a Wall Street Journal article claimed that Amazon would eventually launch as many as 400 locations, the company said that it had no plans open a chain.
eBay buys Spain’s Ticketbis for $165M to expand StubHub into Europe, Latin America, Asia
The acquisition of Ticetbis will enable eBay’s own ticket marketplace, StubHub, to expand into 47 more markets in Europe, Latin America, and Asia Pacific. StubHub was acquired by eBay in 2007. In Q1, it contributed 4% of eBay’s total sales.
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