Amazon's (AMZN) Jeff Bezos is surely "cursing the sky" after Walmart (WMT) posted killer e-commerce growth in the fourth quarter on Tuesday, said Eric Schiffer, CEO of online marketing agency DigitalMarketing.com. Walmart said its sales from e-commerce gained a whopping 29%, helped by the $3.3 billion September acquisition of Jet.com, led by founder and CEO Marc Lore. Lore also founded Quidsi, the company behind Diapers.com and Soap.com, which was bought by Amazon in 2010 for $550 million. Lore stayed with Quidsi for roughly two years while under Amazon's control. "I think Amazon letting Marc go was the biggest mistake in history since Caesar let Mark Antony go to Egypt to be with Cleopatra,"
Is the dying Sears Holding Corp. (SHLD) back in growth mode? Apparently it's having visions that all is just fine and dandy. With little fanfare, Sears opened a full-service auto care facility called DieHard Auto Center Driven by Sears in San Antonio last week. The news of its debut was first reported by Automotive News. Similar to a Pep Boys, Sears' auto service stop provides oil changes, tire replacement and vehicle repairs and assessments. Unlike Sears Auto Centers, the Diehard Auto Center isn't attached to a Sears store or in a parking lot of one. In effect, the store may be nothing more than Sears trying to showcase the brand's potential. To raise cash last May, Sears put its three best-known
(Janet L. Yellen, Chair, Board of Governors of the Federal Reserve System, looks over her notes as she testifies before the United States Senate Committee on Banking, Housing, The Federal Reserve said January 22 it is worried about the "low level of