April 21, 2023
Amazon Launches Industry Partnership to Help Retailers Identify Counterfeiters
Amazon has launched a private-sector partnership working to stop the sale of counterfeit goods. The new Anti-Counterfeiting Exchange (ACX) allows participating stores to share information about counterfeiters to help all...
April 21, 2023
The Rise and Fall of Lululemon’s Connected Economy Venture
During the pandemic, fitness apparel retailer Lululemon purchased a connected fitness company called Mirror in 2020 as a way reach cooped-up consumers. Later renamed Lululemon Studio, the $500 million decision...
April 21, 2023
Walmart’s Latest Streaming Move Aimed at Amazon’s Content Lead
Without much fanfare, Walmart unveiled a new edition of its Google TV stick with updated specs and a revamped remote, competing directly with Amazon’s Fire TV Stick. While the competition...
April 20, 2023
Walmart Business+ Takes the Temperature on Healthcare Procurement
Business credit card issuers are working with major retailers online and in-store to capture and add value to business spend with flexibility and rewards aligned for business users. The latest...
April 20, 2023
Buzzfeed and Insider Reportedly Cutting Jobs Amid Advertising Slowdowns
Two digital media organizations have reportedly made job cuts. Buzzfeed is shutting its news operation and eliminating 180 jobs, while Insider is cutting 10% of its staff, Bloomberg reported Thursday...
April 20, 2023
MercadoLibre Adds 13K Jobs Amid Tech Firm Layoff Wave
As the tech world undertakes layoffs, MercadoLibre is in hiring mode. The Latin American eCommerce giant plans to add 13,000 jobs this year, Chief People Officer Sebastian Fernandez Silva said...
April 20, 2023
Deliveroo’s Orders Drop by 7 Million as Consumers Cut Back
With rising price pressures worldwide, aggregators are seeing consumers cut back. United Kingdom-based food delivery aggregator Deliveroo shared in its first quarter financial report Thursday (April 20) that orders fell by 7 million year...
April 20, 2023
Amazon Loses EU Appeal Over Parallel Probes
Amazon’s appeal was dismissed regarding the European Union’s decision to allow parallel antitrust investigations into the company’s treatment of certain sellers on its platform in both the EU and Italy. The...
April 20, 2023
Snap and Men’s Wearhouse Bring Augmented Reality to Prom Season
For Men’s Wearhouse, this year’s prom theme is “augmented reality.” The clothing retailer has teamed up with Snapchat owner Snap to use the social media platform’s augmented reality (AR) tool...
