Shein acquires ~33% of Forever 21 parent company Sparc and Sparc takes a Shein minority stake, letting Shein sell Forever 21 items and operate inside its stores
the deal is a win for fast fashion, but a loss for the environment PYMNTS.com : Shein's Forever 21 Returns Deal Spotlights Key Omnichannel Strategy Wajeeh Khan / Invezz : Shein just announced a deal w...
GameStop partners with FTX on “e-commerce and online marketing initiatives” in the US and reports a $108.7M net loss in Q2, up from $61.6M YoY; stock jumps 10%+
Melissa Repko / CNBC :
Amazon plans to host two Prime shopping events in a year for the first time, the second one set for Q4 2022, according to a notice sent to third-party merchants
The Amazon Prime Day dates have been revealed to be July 12 and July 13 … The Signal : Surat's diamonds lost in war Jay Peters / The Verge : Amazon is reportedly hosting a second major Prime-exclusive...
Walmart plans to expand drone deliveries with DroneUp to cover 4M households in Arizona, Arkansas, Florida, Texas, Utah, and Virginia from 37 stores in 2022
Melissa Repko / CNBC :
Deutsche Bank survey: Walmart+, Walmart's Amazon Prime rival, has grown to ~32M US subscribers since its 2020 launch, and ~86% of them have Amazon Prime also
Melissa Repko / CNBC : Tweets: @brianroemmele , @melissa_repko , and @ccheddarberk Tweets: Brian Roemmele / @brianroemmele : I was speaking at a Confrence call in 2014 on the elasticity of consumer m...
GameStop says revenue rose 25% to $1.28B and net loss narrowed to $66.8M in Q1, as it tries to stage a turnaround partially fueled by a Redditor-led stock rally
Melissa Repko / CNBC : Tweets: @gamestopcorp Tweets: @gamestopcorp : @GameStop welcomes Matt Furlong as CEO and Mike Recupero as CFO. https://news.gamestop.com/... https://twitter.com/...
Biden administration asks a federal judge to put litigation over Trump's proposed TikTok ban on hold while it undertakes a review
for Now, as Biden Puts the Brakes on a Ban Tech Xplore : Biden backs off on TikTok ban in review of Trump China moves Collin Furtado / Tech in Asia : Relief for TikTok as Biden administration asks jud...
Walmart plans to expand its use of automation to pick and pack online grocery orders, and work with several companies including Alert Innovation and Dematic
Melissa Repko / CNBC : Tweets: @melissa_repko Tweets: Melissa Repko / @melissa_repko : Walmart is betting your online grocery shopping habit will stick. It's adding high-tech, automated fulfillment c...
Amazon Q1: $75.5B revenue, up 26% YoY, net income of $2.5B, down from $3.6B in Q1 2019, AWS revenue of $10.2B, up from $7.7B YoY
an estimated $4 billion — on responding to the coronavirus pandemic...Some of the $4 billion will also fund higher wages for workers, personal protective equipment.” https://www.cnbc.com/... Jon Erlic...
Amazon Q1: $75.5B revenue, up 26% YoY, net income of $2.5B, down from $3.6B in Q1 2019, AWS revenue of $10.2B, up from $7.7B YoY; stock down 7%+
an estimated $4 billion — on responding to the coronavirus pandemic...Some of the $4 billion will also fund higher wages for workers, personal protective equipment.” https://www.cnbc.com/... Patrick M...