Latest Online shopping News

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.   (AP Photo/Mark Lennihan, File)

Morgan Stanley to buy E-Trade for $13 billion

Feb. 20, 2020 4:36 PM EST

NEW YORK (AP) — Morgan Stanley, the investment bank for millionaires, big business and megamergers, is buying E-Trade Financial, the online brokerage that encouraged waves of regular investors to get into the market with ads featuring its talking spokesbaby. The roughly $13 billion, all-stock deal would...

What to know before laying down money for a mattress

Feb. 13, 2020 8:42 AM EST

Here comes Presidents Day, a time to celebrate Lincoln and Roosevelt — and blowout mattress sales. These holiday-weekend bargains can be a smart opportunity to shop for a mattress if you need a new one. But choosing the right bed in your budget can be tricky if you go into the decision cold. Do this...

FILE - In this Nov. 29, 2019, file photo, man carries shopping bags across the street from a Macy's store in San Francisco. Macy's says it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The moves announced Tuesday, Feb. 4, 2020, come ahead of Macy's annual investor meeting where CEO Jeff Gennette is expected to unveil a three-year reinvention plan. (AP Photo/Jeff Chiu, File)

Macy's to close 125 stores, shed 2,000 corporate jobs

Feb. 4, 2020 7:03 PM EST

NEW YORK (AP) — Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy's current total. They include about 30 that...

FILE - In this July 11, 2019, file photo, an Ebay app is shown on a mobile phone in Miami. The owner of the New York Stock Exchange has made an offer to buy online marketplace eBay Inc. That's according to a report by the Wall Street Journal on Tuesday, Feb. 4, 2020. (AP Photo/Wilfredo Lee, File)

Report: New York Stock Exchange owner bids to buy eBay

Feb. 4, 2020 6:41 PM EST

NEW YORK (AP) — The owner of the New York Stock Exchange has made an offer to buy online marketplace eBay Inc., the Wall Street Journal reported Tuesday. The Journal said Intercontinental Exchange Inc. is valuing eBay at more than $30 billion, compared to eBay's value of around $28 billion before the...

FILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Andrew Harnik, File)

Mall owners among group bidding $81 million for Forever 21

Feb. 3, 2020 12:09 PM EST

A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September. Simon and Brookfield are Forever 21's biggest landlords. The other bidder is Authentic Brands...

FILE - In this Nov. 26, 2019, file photo a UPS man delivers a package to a residence in North Andover, Mass. After reviewing 200 of the top shopping sites, including Amazon, eBay and Macys.com, a study by the University of Michigan’s School of Information found that the sites had an average of 19 features that could encourage impulse buying, such as limited-time discounts and wording that made an item seem like it was almost out of stock. (AP Photo/Elise Amendola, File)

Sale ending soon? How online stores trick you into buying

Jan. 22, 2020 3:59 PM EST

NEW YORK (AP) — Sale ending soon! Only two left! This is a hot item! If you’ve shopped online, you’ve probably seen those messages. What you may not realize: They’re designed to make you spend more. Online stores have adopted tricks used for years by infomercials and home shopping...

FILE - This June 15, 2005, file photo shows a Pier 1 Imports store in Dallas. Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday, Jan. 6, 2020, it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. (AP Photo/Donna McWilliam, File)

Pier 1 Imports closing nearly half of stores as sales falter

Jan. 6, 2020 7:42 PM EST

FORT WORTH, Texas (AP) — Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 27, 2019. Asian stocks followed Wall Street higher on Friday amid optimism U.S.-Chinese trade relations are improving. (AP Photo/Ahn Young-joon)

Global markets mostly higher amid trade optimism

Dec. 27, 2019 8:02 AM EST

BEIJING (AP) — Global stock markets moved mostly higher on Friday amid optimism that U.S.-Chinese trade relations are improving and on early reports that online Christmas shopping was up over last year in the U.S. European markets rose in midday trading and Wall Street was primed for more gains after...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 27, 2019. Asian stocks followed Wall Street higher on Friday amid optimism U.S.-Chinese trade relations are improving. (AP Photo/Ahn Young-joon)

Global stocks mixed, Wall Street rises amid trade optimism

Dec. 27, 2019 3:43 AM EST

BEIJING (AP) — Global stock markets were mixed Friday after Wall Street rose amid optimism that U.S.-Chinese trade relations are improving. Frankfurt, Paris and Hong Kong gained in early trading. London and Shanghai were unchanged and Tokyo declined. Investors welcomed U.S. President Donald Trump's comment...

FILE - In this Nov. 29, 2019 file photo, shoppers carry bags as they cross a street in San Francisco. More people turned to online shopping during one of the shortest holiday shopping seasons in years, helping boost total sales. Retail sales in the U.S. rose 3.4% between Nov. 1 and Dec. 24 from a year ago, according to early data from Mastercard SpendingPulse. That's down from last year, when total sales grew 5.1%. Online sales rose at a faster pace, up 18.8% from last year.  (AP Photo/Jeff Chiu)

Online sales make up a larger portion of overall sales again

Dec. 26, 2019 1:55 PM EST

NEW YORK (AP) — More people did their shopping online this year during one of the shortest holiday shopping seasons in years, helping to push total sales higher. Retail sales in the U.S. rose 3.4% between Nov. 1 and Dec. 24 compared with last year, according to early data from Mastercard SpendingPulse....