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SAN FRANCISCO, United States (AFP) — Amazon on Wednesday said that a website glitch accidentally exposed names and email addresses of some of the e-commerce giant’s customers. Amazon declined to disclose the extent of the software slip-up. “We have fixed the issue and informed customers who may have been impacted,” an Amazon spokesman said in response to an AFP inquiry. There was no breach of Amazon systems or its website, and passwords were kept safe, according […]
by John BIERS © Agence France-Presse NEW YORK, United States (AFP)–Walmart shares surged Thursday after it reported the strongest US comparable sales in more than a decade as e-commerce investments paid off in a strengthening American economy. The world’s biggest retailer said rising online sales, and investments aimed at keeping prices low, boosted store traffic at its namesake US business, the most critical unit for earnings. Comparable US store sales rose 4.5 percent in the second […]
SHANGHAI, China (AFP)–Starbucks on Thursday announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China’s growing food-delivery market as it faces increased competition from local firms. The move comes as Seattle-based Starbucks faces a challenge from upstart Chinese company Luckin Coffee, which has expanded aggressively on a strategy based largely on satisfying delivery orders placed by mobile app users. “We truly believe that this enduring partnership will […]
NEW YORK, United States (AFP) — Starbucks was back in hot water Friday, three months after a branch manager called the police on two black men — this time for seemingly mocking a customer with a stutter. When the customer, called Sam, gave his drink order in a Philadelphia Starbucks on June 27 he stuttered over his name. The barista replied “Okay, S-s-s-sam” and, retrieving his iced coffee, found the label was marked “SSSAM,” […]
NEW YORK, United States (AFP)–Nike shares surged Thursday as the company reported higher earnings, announced a new share buyback program and talked up its ambitious digital investment program that emphasizes direct selling to consumers. Nike reported earnings of $1.1 billion in its fiscal fourth quarter, up 12.8 percent from the year-ago period. Revenues also rose 12.8 percent to $9.8 billion. The company bested analyst expectations in both earnings per share and revenues. China was the […]
ZURICH, Switzerland (AFP) — Exports of Swiss watches ticked ahead nearly 14 percent in April, trade figures showed Tuesday, aided by strong demand from prime market Hong Kong. “After a relatively calm March, growth moved ahead strongly in April,” the Federation of the Swiss Watch Industry said, noting exports for the first four months of the year rose 11 percent on the same period of 2017 to 6.7 billion Swiss francs (5.8 billion euros, $6.75 […]
SHANGHAI, China (AFP) — Chinese e-commerce giant Alibaba said Monday it was acquiring full ownership of leading food-delivery firm Ele.me in a deal that values the Shanghai-based start-up at $9.5 billion. The deal is the latest salvo in the intensifying turf battle between tech heavyweights Alibaba and Tencent in the fast-growing Chinese markets for online food ordering and digital payments. Alibaba and its financial arm Ant already owned 43 percent of the app-based Ele.me and said […]
NEW YORK, United States (AFP) — Toys ‘R’ US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, US media reported Wednesday. The debt-plagued retailer, which filed for bankruptcy protection in September, told employees that the retailer planned to file liquidation papers ahead of a Thursday court hearing, The Wall Street Journal and The Washington Post reported. “We’re putting a for sale sign on everything,” CEO David Brandon said on a […]
Beijing, China (AFP) — China’s retail sales growth slowed to 10.0 percent on-year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world’s second-largest economy. October’s industrial output growth matched the previous month’s figure at 6.1 percent, the National Bureau of Statistics (NBS) said, also slightly below forecasts in a Bloomberg News survey of economists. As growth slows, Beijing is seeking to make a difficult transition away from dependence […]
