EBay Inc. is facing challenging times as it released disappointing projections for the upcoming holiday season, causing its shares to plummet in extended trading. The e-commerce company revealed a forecast indicating revenue of between $2.53 billion and $2.59 billion for the quarter ending in December, falling significantly short of analysts’ expectations of $2.64 billion. Additionally, […]
This Week: The Holiday Shopping Season Begins
As the much-anticipated holiday shopping season approaches, U.S. retailers find themselves in a unique environment marked by caution and shifting consumer behavior. The recent resolution of the strike at the East Coast and Gulf Coast ports has relieved immediate pressure on stock supplies that could have significantly impacted the busiest shopping season of the year. […]