Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
Amazon has seen its shares dip two per cent in morning trading after it warned that its Christmas quarter could be “tight”.
The online retail behemoth spooked investors yesterday after it warned that it could struggle to meet demand for deliveries in what is set to be a record ‘Golden Quarter’.
Amid its third quarter results, Amazon predicted that its operating profits for the coming quarter would come in between $1 billion and $4.5 billion, below analyst forecasts of $5.8 billion. Read the full article here.
Ecommerce giant eBay on Wednesday revealed its third quarter revenue had topped Wall Street expectations thanks to the surge in online shopping this year.
With shoppers across eBay’s markets stuck at home and choosing to shop online due to the spread of coronavirus, the company saw revenue rise from USD 2.08 billion (£1.60 billion) to USD 2.61 billion (£2.01 billion) for the quarter ending September 30.
EBay beat out analysts’ average estimate of USD 2.48 billion (£1.91 billion), according to IBES data from Refinitiv. Read the full article here.
A major campaign to help at least 100,000 struggling families with food, comfort and emotional support is to be launched by John Lewis and Waitrose.
The initiative, which will launch in November and would be complemented by the soon-to-be released Waitrose and John Lewis Christmas advert, will aim to raise £5 million for two nominated charities.
These charities are FareShare, a food poverty charity, and Home-Start, which works with parents who need support. Read the full article here.