Tag: billion

Alibaba and JD rack up record $115 billion of sales

Alibaba said its total gross merchandise value (GMV) over the Singles Day event, which spanned 11-days, totalled 498.2 billion yuan or $74.1 billion. That beat last year’s 268.4 billion yuan figure.

Alibaba

But it was also overshadowed by huge stock price falls for both Alibaba and JD.com which came after Chinese regulators released draft rules that, for the first time, defines what constitutes anti-competitive behavior. Investors fear that China’s technology giants could get caught up in a tough regulations which could damage their business.

Alibaba’s Hong Kong-listed stock was around 3% higher on Thursday while JD.com’s Hong Kong-listed shares were

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Walmart sums up 2020 – revenues reach $559 billion – USA news

The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.

Walmart - Depositphotos

Walmart sums up the fiscal year 2020, which ended January 29, and reports that its total revenue grew 6.7%, reaching $559 billion. The retailer’s closest competitor in the U.S. market, which came in second place in the ranking of major retail players, Amazon reported revenues of $386 billion for the last fiscal year.

Meanwhile, earnings figures for 2020 show a 9.2 percent decline, from $14.88 billion in 2019 to $13.51 billion. In the fourth quarter alone, Walmart reported a loss of

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Holiday 2020 spending online surges 32% to $188.2 billion: Adobe

An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019.

Michael Nagle | Bloomberg | Getty Images

U.S. online purchases over the 2020 holidays grew 32.2% from 2019, totaling a record $188.2 billion as shoppers stayed home and shopped on the web during the pandemic, according to Adobe Analytics.

E-commerce sales during November, which included Black Friday and Cyber Monday, reached $100 billion for the first time, said Adobe, which tracks the web transactions of 80 of the top 100 internet retailers in the U.S.

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Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe says

Customers queue outside Bath & Body Works during black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic.

SOPA Images | LightRocket | Getty Images

Spending online on Black Friday this year surged nearly 22% to hit a new record, according to data from Adobe Analytics, as the Covid pandemic pushed more people to shop from the sofa and avoid crowded stores and malls.

Consumers spent $9 billion on the web the day after Thanksgiving, up 21.6% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100

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New Jersey’s $5 Billion Mall Could Use a Black Friday Boost

The American Dream mall in East Rutherford, New Jersey.

Photographer: Gabby Jones/Bloomberg

Shopping centers are struggling through one of the worst retail crises ever, as a public health emergency and changing consumer tastes conspire to ravage the industry.

So it’s not exactly the ideal time to be launching the second-biggest mall in the U.S.

American Dream, a $5 billion, 3.3 million-square-foot behemoth in East Rutherford, New Jersey, finally opened its retail stores last month, about two decades after development began. The mall will face its first big test right off the bat, with Black Friday kicking

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