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...
View ArticleGoogle 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...
View ArticleSofas 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...
View ArticleEtsy 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...
View ArticleSix 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...
View ArticleGrubhub 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,...
View ArticleAI-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,...
View ArticleWalmart 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...
View ArticleHow 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...
View ArticleAlibaba 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....
View ArticleHow 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...
View ArticleShipments 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...
View ArticleShopify 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...
View ArticleSpreetail 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...
View ArticleAlibaba 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...
View ArticleStrong 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...
View ArticleBeyond 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...
View ArticleAmazon 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...
View ArticleFarfetch 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...
View ArticleEbay 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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