EBay launched online-shopping platform X.commerce, touting it as an open space for developers to create online-shopping tools that would be used by eBay and PayPal. The launch marks the company's next step in its shift from online marketplace to Internet retailer.
Amazon.com reported profits climbed 9%, to $225 million, on revenues that increased 18%, to $6.7 billion, in the fourth quarter. The online-shopping giant has been able to buck the economy's downward trend by aggressively opening new product categories and offering steep discounts and free shipping.
Trusting a Web site topped the list for shoppers when deciding whether to buy something online, a VeriSign survey showed. A large majority, 85%, said that was important when sharing personal information, and 93% said they wouldn't buy anything from a site that wasn't secure.
Deloitte Touche Tohmatsu ranked the largest retailers around the globe according to their fiscal 2007 sales and found that overseas retail chains are moving up the list. While the U.S.'s Wal-Mart Stores remained No. 1 and France's Carrefour stayed in the No. 2 spot, Britain's Tesco and Germany's Metro climbed up a spot to round out the top four. Home Depot dropped to fifth. The trend is likely to continue, according to Deloitte Touche Tohmatsu.