Welcome to this week’s edition of eFocus, RepricerExpress’ weekly look at the top ecommerce stories and latest Amazon news from around the Web.
eBay in $925m disposal as PayPal spin-off nears: BBC News reports that eBay has sold its Enterprise arm for $925m (£593m) as it prepares to part ways with PayPal. Enterprise, which manages websites for retailers, has been bought by a group of private equity firms led by Permira and Sterling Partners. eBay’s net income for quarter two was $83m, excluding a $786m charge for the Enterprise sale. Continue reading…
What Prime Day means for Amazon and other ecommerce brands: Sam Edwards at Entrepreneur reports that whilst Prime Day could offer customers some pretty generous deals, he hints that Amazon’s goals run much deeper than rewarding shoppers with hefty discounts. Sam speculates the true motivation behind Prime Day is to build the Amazon Prime program and surpass the competition. Continue reading…
eBay to report second-quarter earnings: Pamela Newenham at The Irish Times reports that online auction site eBay is expected to report second-quarter earnings this week. Analysts expect the ecommerce giant to report earnings per share of $0.58 for the quarter. The company posted earnings per share of $0.77 in April for the first quarter. It recorded revenue of $4.45 billion for the quarter, higher than the consensus estimate of $4.42 billion. Continue reading…
The age of Amazon, Jeff Bezos and his multi billion success: Adrian Lee at The Express reports on Jeff Bezos, the man behind turning Amazon into one of the biggest ecommerce companies in the world. A former employee described Jeff as “quirky, brilliant and demanding”, at the age of 51 Jeff said recently that he “still dances into the office” each day. Speaking on his Amazon philosophy, Jeff said, “We’ve had three big ideas that we’ve stuck with and they’re the reason we’re successful – put the customer first, invent and be patient.” Continue reading…
PayPal welcome Apple Pay with full UK support: Chris Dawson at Tamebay reports that PayPal are fully embracing Apple Pay. Braintree, PayPal’s mobile payments specialist, makes it incredibly easy for merchants and developers to accept a host of payment methods, including PayPal, credit and debit cards and now Apple Pay. Continue reading…
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