An Ex-Walmart Executive Alleged That The Company Cheated In Its Race To Beat Amazon
In a race to catch up to Amazon in e-commerce, Walmart reported misleading information about its e-commerce business and fired an executive who claimed the company was breaking the law, according to a lawsuit filed Thursday.
A $9 Billion Day
Alibaba, the Chinese e-commerce giant that is bigger than Amazon and eBay combined, sold more than $9 billion worth of goods Tuesday during its annual "Singles' Day" shopping holiday. "Singles' Day," which Alibaba CEO Jack Ma made up to take place every Nov. 11, is the Chinese equivalent of Cyber Monday in the U.S. and is the biggest shopping day of the year globally on a revenue basis.
Exclusive: A Standoff Between The Winklevoss Twins And Debtholders Killed Hukkster
Hukkster, the discount-tracking app backed by Cameron and Tyler Winklevoss, was dying but managed to find a savior in Marc Lore's Jet.com. A tussle over a small sum of money led to the deal — and Hukkster — getting killed.
H&M Finally Updates Us On Their E-Commerce Situation
The wait to shop H&M online may soon be over. The Swedish brand has been flaky on the subject and today Glam.com tweeted demanding some answers. H&M responded claiming online shopping will be available to US customers this August. With any luck, you can finally eliminate that all-encompassing dread you feel upon attempting to look through the physical store's mountains of disorderly merchandise.