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eBay powers ahead with record volume, payments
eBay enabled record levels of e-commerce and transaction volume via its PayPal subsidiary during the second quarter ended June 30.
The global commerce platform and payments leader said revenue for the period increased 13% to $4.4 billion as the volume of e-commerce activity it facilitated (a metric eBay calls Enabled Commerce Volume or ECV) increased 26% to $62 billion. Net income increased 6% to $676 million, or 53 cents a share, compared to net income of $640 million, or 49 cents a share.
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Belk to make Juban Crossing debut this summer
Denham Springs, La. — Belk will open a 75,000-sq.-ft. store in Denham Springs, Louisiana, near Baton Rouge, that will become the first department store anchor at the regional lifestyle center at Juban Crossing. The grand opening is slated for October 15.
The new, $7-million store will feature the latest retail design and décor for the Charlotte, North Carolina chain.