Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for $4 billion in an all-cash deal, going private at a time when high-end retailers are struggling with slower consumer demand.
Read More Nordstrom Goes Private In New Deal, Acquired By Nordstrom Family And Mexican Retail GroupTag: e-commerce
Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
Walmart, Amazon and fast-growing e-commerce sites Shein and Temu saw record-breaking sales on Black Friday and Cyber Monday.
Read More Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data showsAmazon developing driver eyeglasses to shave seconds off deliveries, sources say
Amazon is developing smart eyeglasses for its delivery drivers to smooth the final stretch of an order’s journey to a customer’s home.
Read More Amazon developing driver eyeglasses to shave seconds off deliveries, sources sayAmazon sets ultra-low pricing plans for Temu rival store, The Information reports
Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch.
Read More Amazon sets ultra-low pricing plans for Temu rival store, The Information reportsAmazon workers to join Teamsters’ strikes against unfair labor practices in US
The Teamsters said its strikes against unfair labor practices were expanding, with Amazon workers across several U.S. states joining the union.
Read More Amazon workers to join Teamsters’ strikes against unfair labor practices in USUS online sales hit $7.2 bln on first day of Amazon Prime Day event, Adobe says
Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day.
Read More US online sales hit $7.2 bln on first day of Amazon Prime Day event, Adobe says