e-commerce News Updates

David Guggina, who has been the chief e-commerce officer of Walmart U.S., has been promoted to CEO of the division — the company’s biggest and most important business.

The value of retail purchases, not adjusted for inflation, increased 0.6% after a downwardly revised 0.1% drop in October, Commerce Department data showed Jan. 14.

More than 6,000 customers reported they were unable to use the app or website the morning of Dec. 30, according to data collected by the website Downdetector.

Motor vehicles fell 1.6%, held down in part by the expiration of federal tax incentives on electric vehicles. Cheaper gasoline prices held down the value of gas station receipts.

Walmart ditched the New York Stock Exchange for archrival Nasdaq, marking the largest defection of a stock listing in the Big Board’s history. 

The U.S. housing market has weighed on Home Depot as high interest rates prompt consumers to remain on the sidelines for big-ticket purchases and projects that require financing.

Adobe said spending from Thanksgiving to Cyber Monday totaled $44.2 billion, up 7.7% from a year ago. Cyber Monday remains the biggest online spending day of the year at $14.25 billion.

Amazon will use “specialized smaller facilities” for the deliveries, the e-commerce giant said Dec. 1 in a statement. The fee will start at $13.99, discounted to $3.99 for Prime members.

U.S. consumers already spent $11.8 billion online for Black Friday, $6.4 billion on Thanksgiving Day and another $11.8 billion over the weekend — exceeding forecasts by Adobe Analytics.

Ford joins Hyundai Motor on the Amazon Autos portal, which allows car buyers to browse, finance and purchase a used car by clicking on the familiar “add to cart” icon.