Articles by tag: online retail
On July 29, Amazon said it saw a 16% increase in online sales to $53.1 billion in 2021. Product sales and digital media products available in both a physical and digital format, such as books, videos, games, music and software all count as online sales. Subscription revenue for the company broke $7.9 billion, up 32%…
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eBay Offloads Classified Ads Business for Nearly $10 Billion: Business Casual
Powered by RedCircle Online shopping fixture eBay has continued slimming operations, selling its classified ads business to Norwegian retailer Adevinta for nearly $10 billion. This is the latest in a line of similar moves for the company, which split with PayPal in 2015 and offloaded StubHub to Viagogo in 2019. On this Business Casual snippet,…