News

eBay continues to strengthen its position in global commerce, as the company reported a 14% increase in revenue for the first quarter ended March 31 to $4.3 billion compared to the same period last year.

Total company enabled commerce volume (ECV) increased 24% in the quarter to $58 billion. Mobile ECV advanced 70% to $11 billion representing 19% of volume. Mobile downloads since inception exceeded 240 million and attracted 6.5 million new customers in the quarter. Cross-border trade grew 24%, representing $13 billion, or 22%, of total company ECV.

New York -- Here are three new stores creating biz buzz in the Big Apple:

1. Under Armour

Amazon has launched a Wearable Technology store, which it describes as a one-stop shop where customers can discover the latest in wearable technology and research wearable devices including activity trackers, smart watches and wearable cameras.

In addition to the large selection of items from brands including Samsung, Jawbone and GoPro, the store features products from emerging brands such as Basis and Misfit as well as devices coming soon from brands such as Narrative and Bionym.

Chicago -- Consumer confidence rose significantly in the first quarter of 2014, according to a MarketPulse survey from IRI. All age groups are reporting a more positive outlook — especially Millennials. A distressed consumer segment since the economic downturn began, this age group is showing the greatest rise in confidence.

Foot Locker Foundation, the charitable arm of Foot Locker, announced the 20 recipients of the Foot Locker Scholar Athletes Program. Each student will receive $20,000 in college scholarships, totaling $400,000.

The scholarship program, funded by the Foot Locker Foundation and administered by DoSomething.org, honors students who demonstrate academic excellence and exemplify strong leadership skills in sports and within their communities. To date, the program has awarded $1.2 million to help deserving high school student athletes pay for school.

New York -- Coach Inc. third-quarter net income dropped 20% to $190.7 million, from $238.9 million a year earlier, amid increased competition from Michael Kors and others.

Revenue for the quarter ended March 29 fell 7.4% to $1.1 billion, compared to analysts’ $1.13 billion estimate. Same-store sales in North America fell 21%. Sales will continue to fall through the rest of the year, the company said.

Virtual Piggy’s Oink has appointed Trent Walker to VP business development for key accounts.

Walker has more than 10 years of payments and finance industry experience, working with many of the world’s leading corporations, including Google and Facebook. For the past six years, Walker has held strategic leadership roles within the financial services department at Arvato, the $6 billion per year division of Bertlesmann.

Deerfield Park, Ill. - Walgreens is launching the 2014 Walgreens Way to Well Health Tour with AARP. For six years, Walgreens and AARP have conducted the community outreach program dedicated to providing free preventive and early detection health services to communities across the country.