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Preston Lane enters strategic partnership with Centric Brands to expand reach

Preston Lane has entered a long-term strategic partnership with Centric Brands to help expand the home care brand. Preston Lane’s products include all-purpose cleaners, dish soaps, hand washes and...

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Google asks US appeals court to reject app store monopoly verdict

Alphabet’s Google asked a US appeals court on Wednesday to throw out a jury verdict and a judge’s order forcing it to revamp its app store Play. In its first detailed argument to the San...

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Sofas the points of purchase as Americans shop with their phones on Thanksgiving

US holiday shoppers have big plans to use small screens for a head start this year on Thanksgiving Day, and retailers have spent weeks priming them, touting pre-Black Friday online discounts for...

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Etsy names new leadership team members

Etsy has appointed Kruti Patel Goyal in the newly created role of president and chief growth officer, effective in the first week of January. Goyal is currently CEO of Etsy subsidiary Depop, a...

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Six trends shaping US retail in 2025: GenAI, marketplaces and more

As 2024 draws to an end, retailers have already begun gearing up for a turbulent year ahead. In its annual report, advisory firm Coresight Research identified six trends, including the advanced...

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Grubhub fined $140 million for deceiving diners, drivers over fees

Grubhub has been ordered to pay $140 million after committing unlawful practices harming customers, workers, and small businesses. However, based on the company’s incapacity to pay the full amount,...

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AI-powered chatbots boost online holiday sales

Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly 4 per cent year-over-year,...

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Walmart adds Chanel, Prada, Fendi to online offerings

Walmart has added Chanel, Prada, and Fendi to its online offerings as part of its marketplace of third-party vendors. According to the Business Times, the prices of the Rebag-certified products range...

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How Trump’s presidency could affect e-commerce brands

With US President-elect Donald Trump returning to the White House, e-commerce brands can expect significant shifts in trade policies and business operations. Small and medium-sized e-commerce...

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Alibaba co-founder takes stake in Italian luxury sneaker maker Golden Goose

Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12 per cent stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday....

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How a wind farm in Australia is helping Amazon meet the needs of the consumer

Transitioning supply chain operations to run on renewable energy sources is gaining momentum in the retail sector. Tapping into clean energy operations can assist businesses in reducing operational...

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Shipments frozen: USPS suspends incoming packages from China, Hong Kong

The US Postal Service said it would temporarily suspend international parcels from China and Hong Kong, after President Donald Trump shut a trade loophole this week that has been used to ship...

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Shopify posts high revenue growth, but investors underwhelmed

Shopify posted its best quarterly revenue growth in three years on Tuesday, as healthy consumer spending and the e-commerce company’s efforts to load its platform with AI features for sellers helped...

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Spreetail sales surge 34 per cent as oversized platform gains respect

Spreetail, an omnichannel e-commerce company for bulky products, achieved 34 per cent annual sales growth, stable profitability, and significant investment last year.  With the oversized product...

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Alibaba to ramp up e-commerce investment after strong third quarter

Alibaba on Thursday flagged plans to invest more in its “core businesses” of e-commerce and AI-powered cloud computing after reporting third-quarter revenues just above analysts’ estimates on strong...

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Strong demand helps Wayfair return to sales growth in fourth quarter

Wayfair swung to sales growth in the fourth quarter after three consecutive periods of decline thanks to positive performance in the US market. The company’s net revenue for the quarter ended December...

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Beyond Inc sees revenue decline amid restructuring efforts

Beyond Inc – the parent company of Bed Bath & Beyond and Overstock – reported double-digit declines in both full-year and fourth-quarter revenue, reflecting ongoing challenges as the company works...

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Amazon unveils Alexa+ with AI upgrades – what retailers need to know

Amazon on Wednesday unveiled the first major overhaul of its Alexa voice assistant since its introduction more than a decade ago, embedding it with generative artificial intelligence. The effort...

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Farfetch drives Coupang’s double-digit sales growth in fourth quarter

Coupang has reported a double-digit increase in sales for the fourth fiscal quarter, driven by the addition of the Farfetch business. The New York-listed, South Korean company recorded net revenues of...

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Ebay reports modest revenue growth in fourth quarter

Ebay has posted a modest increase in revenue for the fourth fiscal quarter, which management said was in line with expectations. The company’s revenue for the quarter ended December 31 rose 1 per cent...

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