June 23, 2010 |
Apparel retailer Gap Inc. on Wednesday unveiled details of its entry into China, announcing plans to open four Gap brand stores this year and launch an e-commerce website. The San Francisco-based company, parent to the Gap, Banana Republic and Old Navy brands, said the moves marked the start of a "long-term, multichannel" strategy in the rapidly growing Chinese market. The stores, two in Beijing and two in Shanghai, will feature a full range of Gap adult, GapKids and babyGap products.
May 18, 2012 |
Social media start-up Pinterest has raised $100 million in a recent financing round led by a Japanese online retailer, increasing the estimated value of the virtual scrapbooking company to $1.5 billion. Japanese e-commerce firm Rakuten Inc. led the fundraising for the Palo Alto company, which is now ranked by Experian as the third-most-popular social network behind Twitter and Facebook. Pinterest users check out thousands of images collected by fellow users and "pinned up" on their online scrapbooks.
January 6, 2011 |
As consumers continue to swarm online to shop, department store giant Macy's Inc. is planning to add about 725 new positions over the next two years to support the growth of its e-commerce network. Like many retailers, Macy's has focused its efforts recently on bridging the gap between its in-store experience and its online and mobile platforms. The Cincinnati company, which operates Macys.com and Bloomingdales.com, said Tuesday that in the first 10 months of fiscal 2010 online sales surged 29% compared with the same period a year earlier.
CALIFORNIA | LOCAL
July 6, 1999
Maybe it's time to update the Pledge of Allegiance for the new millennium: "I pledge allegiance to the rise of the Dow Jones industrial average, and to the markets in which it trades, one economy, under the Fed, synergistic, with e-commerce and dividends for some." KEN ROSS Glendale
January 30, 2000
Re the Jan. 24 letter "E-Commerce": The writer indicated that the only good taxes are no taxes. In most countries, no taxes or low taxes translates to no services. As Americans, we demand sidewalks and streets that are well paved, police protection, decent schools and all the other necessities and conveniences that cities provide. It is only fair that items bought through the Internet be taxed the same as regular retail sales. Cities and states should not be deprived because Internet purchases are exempt.
April 21, 2010 |
Visa Inc., the world's biggest payments network, agreed to buy CyberSource Corp. for about $2 billion in cash to expand online and defend its market share from electronic-commerce firms such as EBay Inc.'s PayPal. Visa will pay $26 a share for Mountain View, Calif.- based CyberSource, which helps merchants accept online payments and provides security solutions, the companies said Wednesday. That's about 34% more than CyberSource's closing price Tuesday. "We're paying attention to PayPal, as well as other companies getting into the e-commerce space, and we are obviously concerned that it would have an effect on our market share," Chief Executive Joseph W. Saunders said.